Registered number
09422779
Giles Dry Liners Ltd
Filleted Accounts
31 March 2025

Giles Dry Liners Ltd
Registered number: | 09422779
Balance Sheet
as at 31 March 2025
| Notes |  |  | 2025 |  |  | 2024
|  |  |  | £ |  |  | £
Fixed assets
Tangible assets | 3 |  |  | 8,461 |  |  | 1,126
Current assets
Debtors | 4 |  | 12,805 |  |  | 13,149
Cash at bank and in hand |  |  | 1,841 |  |  | 15,473
|  |  | 14,646 |  |  | 28,622
Creditors: amounts falling due within one year | 5 |  | (6,535) |  |  | (7,250)
Net current assets |  |  |  | 8,111 |  |  | 21,372
Total assets less current liabilities |  |  |  | 16,572 |  |  | 22,498
Creditors: amounts falling due after more than one year | 6 |  |  | (7,030) |  |  | -
Provisions for liabilities |  |  |  | (1,608) |  |  | (214)
Net assets |  |  |  | 7,934 |  |  | 22,284
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 7,834 |  |  | 22,184
Shareholders' funds |  |  |  | 7,934 |  |  | 22,284
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.
Sharon Giles
Director
Approved by the board on 9 March 2026

Giles Dry Liners Ltd
Notes to the Accounts
for the year ended 31 March 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 includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
| 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 at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
| Plant and machinery | 25% reducing balance
| Motor vehicles | 25% reducing balance
| 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). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased asset. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 | Employees | 2025 |  | 2024
|  |  |  |  |  | Number |  | Number
| Average number of persons employed by the company | 3 |  | 3
3 | Tangible fixed assets
|  |  |  | Plant and machinery etc |  | Motor vehicles |  | Total
|  |  |  | £ |  | £ |  | £
| Cost
| At 1 April 2024 | 6,676 |  | - |  | 6,676
| Additions | - |  | 10,155 |  | 10,155
| At 31 March 2025 | 6,676 |  | 10,155 |  | 16,831
| Depreciation
| At 1 April 2024 | 5,550 |  | - |  | 5,550
| Charge for the year | 281 |  | 2,539 |  | 2,820
| At 31 March 2025 | 5,831 |  | 2,539 |  | 8,370
| Net book value
| At 31 March 2025 | 845 |  | 7,616 |  | 8,461
| At 31 March 2024 | 1,126 |  | - |  | 1,126
4 | Debtors | 2025 |  | 2024
|  |  |  |  |  | £ |  | £
| Trade debtors | 784 |  | 507
| Other debtors | 12,021 |  | 12,642
|  |  |  |  |  | 12,805 |  | 13,149
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
|  |  |  |  |  | £ |  | £
| Obligations under finance lease and hire purchase contracts | 2,181 |  | -
| Trade creditors | 317 |  | 767
| Taxation and social security costs | - |  | 3,331
| Other creditors | 4,037 |  | 3,152
|  |  |  |  |  | 6,535 |  | 7,250
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
|  |  |  |  |  | £ |  | £
| Obligations under finance lease and hire purchase contracts | 7,030 |  | -
7 | Other information
| Giles Dry Liners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 47 Lambs Close
| Dunstable
| LU5 4QA

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