Company Registration No. 07570678 (England and Wales)
Michael Gillett Instruments Ltd
Unaudited filleted accounts
for the year ended 31 March 2025
Michael Gillett Instruments Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
251,400
251,400
Tangible assets
6,080
7,600
Creditors: amounts falling due within one year
(65,083)
(62,540)
Net current liabilities
(43,768)
(41,225)
Net assets
213,712
217,775
Called up share capital
1,000
1,000
Share premium
329,450
329,450
Profit and loss account
(116,738)
(112,675)
Shareholders' funds
213,712
217,775
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2025 and were signed on its behalf by
Michael Gillett
Director
Company Registration No. 07570678
Michael Gillett Instruments Ltd
Notes to the Accounts
for the year ended 31 March 2025
Michael Gillett Instruments Ltd is a private company, limited by shares, registered in England and Wales, registration number 07570678. The registered office is 19 WORTHINGTON CLOSE, WEDMORE, SOMERSET, BS28 4EE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
These accounts replace the original accounts submitted for the year ended 31st March 2023, and are now the statutory accounts.
They are prepared as they were at the date of the original accounts.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Michael Gillett Instruments Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
12,071
12,844
Trade creditors
2,885
3,135
Taxes and social security
2,137
3,337
Other creditors
6,600
6,600
Loans from directors
41,290
36,524
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).