GILLZ LIMITED - Filleted accounts

Registered number

10867994

GILLZ LIMITED

Filleted Accounts

31 July 2025

GILLZ LIMITED
Registered number:		10867994
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		56,163			65,281

Current assets
Cash at bank and in hand		27,696			19,462

Creditors: amounts falling due within one year	4	(35,628)			(34,487)

Net current liabilities			(7,932)			(15,025)

Total assets less current liabilities			48,231			50,256

Creditors: amounts falling due after more than one year	5		(33,044)			(50,242)



Net assets			15,187			14

Capital and reserves
Called up share capital			100			100
Profit and loss account			15,087			(86)

Shareholders' funds			15,187			14

The director is 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 director acknowledges her 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.




Gurjeet Kaur Gill
Director
Approved by the board on 22 March 2026

GILLZ 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:

	Plant and machinery	25% Reduced Balance
	Fixtures, fittings, tools and equipment	25% Reduced Balance
	Vehicles	15% Reduced Balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	8,777		87,944		96,721
	Additions	1,232		-		1,232
	At 31 July 2025	10,009		87,944		97,953

	Depreciation
	At 1 August 2024	5,829		25,611		31,440
	Charge for the year	1,000		9,350		10,350
	At 31 July 2025	6,829		34,961		41,790

	Net book value
	At 31 July 2025	3,180		52,983		56,163
	At 31 July 2024	2,948		62,333		65,281


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

	Bank loans and overdrafts			3,149		5,922
	Corporation tax			14,409		2,262
	Other taxes and social security costs			11,418		10,004
	Other creditors			6,652		16,299
				35,628		34,487


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

	Obligations under finance lease and hire purchase contracts			33,044		50,242


6	Other information

	GILLZ LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	20 Orchard Avenue
	Gravesend
	Kent
	England
	DA11 7NX