REGISTERED NUMBER: 05423456

Unaudited Financial Statements for the Year Ended 31 March 2025

for

N Giles Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N Giles

M Giles

REGISTERED OFFICE:

Hilltops

Stovolds Hill

Cranleigh

Surrey

GU6 8LE

REGISTERED NUMBER:

05423456

ACCOUNTANTS:

Williams Chartered Accountants

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Tangible assets

4

34

45

CURRENT ASSETS

Stocks

5

92,706

92,706

Debtors

6

3,000

-

Cash at bank and in hand

131,552

149,649

227,258

242,355

CREDITORS

Amounts falling due within one year

7

7,200

8,601

NET CURRENT ASSETS

220,058

233,754

TOTAL ASSETS LESS CURRENT LIABILITIES

220,092

233,799

PROVISIONS FOR LIABILITIES

-

33

NET ASSETS

220,092

233,766

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

219,992

233,666

SHAREHOLDERS' FUNDS

220,092

233,766

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 31 December 2025 and were signed on its behalf by:

N Giles - Director

1.	STATUTORY INFORMATION

N Giles Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets

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

Fixtures & fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

& fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

4,363

3,048

7,411

DEPRECIATION

At 1 April 2024

4,318

3,048

7,366

Charge for year

11

-

11

At 31 March 2025

4,329

3,048

7,377

NET BOOK VALUE

At 31 March 2025

34

-

34

At 31 March 2024

45

-

45

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

92,706

92,706

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

3,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

1

Taxation

-

5,000

Accrued expenses

7,200

3,600

7,200

8,601

8.

RESERVES

Retained

earnings

£

At 1 April 2024

233,666

Deficit for the year

(13,674

)

At 31 March 2025

219,992

9.	ULTIMATE CONTROLLING PARTY

Nathan Giles & Matthew Giles, the directors, control the company by virtue of 67% interest of the issued Ordinary shares.