REGISTERED NUMBER: NI636723 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gildernew & Co. Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M G Gildernew

Mrs C McElduff

REGISTERED OFFICE:

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

REGISTERED NUMBER:

NI636723 (Northern Ireland)

ACCOUNTANTS:

Gildernew & Co Ltd

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

BANKERS:

Danske Bank

P.O. Box 183

Donegall Square West

BELFAST

BT1 6JS

FIXED ASSETS

Tangible assets

4

32,023

33,861

CURRENT ASSETS

Debtors

5

443,583

394,355

Cash at bank and in hand

326,094

150,190

769,677

544,545

CREDITORS

Amounts falling due within one year

6

678,734

439,556

NET CURRENT ASSETS

90,943

104,989

TOTAL ASSETS LESS CURRENT LIABILITIES

122,966

138,850

CREDITORS

Amounts falling due after more than one year

7

32,789

57,424

NET ASSETS

90,177

81,426

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

90,077

81,326

90,177

81,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr M G Gildernew - Director

1.	STATUTORY INFORMATION

Gildernew & Co. Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

181,623

Additions

19,399

At 31 March 2025

201,022

DEPRECIATION

At 1 April 2024

147,762

Charge for year

21,237

At 31 March 2025

168,999

NET BOOK VALUE

At 31 March 2025

32,023

At 31 March 2024

33,861

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

370,326

336,712

Other debtors

73,257

57,643

443,583

394,355

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

199,007

170,165

Trade creditors

46,905

22,820

Taxation and social security

95,057

90,991

Other creditors

337,765

155,580

678,734

439,556

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

7,789

32,424

Other creditors

25,000

25,000

32,789

57,424