E Gildea Contractors Limited - Filleted accounts

Registered number

08130206

E Gildea Contractors Limited

Unaudited Filleted Accounts

31 July 2025

E Gildea Contractors Limited
Registered number:		08130206
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		448,144			541,402

Current assets
Debtors	4	30,327			22,931
Cash at bank and in hand		144,383			107,489
		174,710			130,420

Creditors: amounts falling due within one year	5	(321,487)			(293,477)

Net current liabilities			(146,777)			(163,057)

Total assets less current liabilities			301,367			378,345

Creditors: amounts falling due after more than one year	6		(199,133)			(332,816)

Provisions for liabilities			(70,000)			(44,000)


Net assets			32,234			1,529

Capital and reserves
Called up share capital			100			100
Profit and loss account			32,134			1,429

Shareholders' funds			32,234			1,529

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C A Gildea
Director
Approved by the board on 19 December 2025

E Gildea Contractors Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% reducing balance basis
	Plant and machinery	15% straight line basis
	Computers	33% straight line basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	745,737		76,607		822,344
	Additions	4,096		23,238		27,334
	At 31 July 2025	749,833		99,845		849,678

	Depreciation
	At 1 August 2024	247,957		32,985		280,942
	Charge for the year	103,951		16,641		120,592
	At 31 July 2025	351,908		49,626		401,534

	Net book value
	At 31 July 2025	397,925		50,219		448,144
	At 31 July 2024	497,780		43,622		541,402


4	Debtors			2025		2024
£					£

	Trade debtors			18,658		16,553
	Other debtors			11,669		6,378
				30,327		22,931


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			3,966		3,916
	Obligations under finance lease and hire purchase contracts			129,633		129,633
	Trade creditors			9,269		624
	Taxation and social security costs			-		1,042
	Other creditors			178,619		158,262
				321,487		293,477


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			2,699		6,749
	Obligations under finance lease and hire purchase contracts			196,434		326,067
				199,133		332,816


7	Other information

	E Gildea Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6A Little Aston Lane
	Little Aston
	Sutton Coldfield
	B74 3UF