Company Registration No. 15636290 (England and Wales)
Gillwood Group Ltd
Unaudited accounts
for the year ended 31 March 2026
Gillwood Group Ltd
Unaudited accounts
Contents
Gillwood Group Ltd
Company Information
for the year ended 31 March 2026
Director
Aimee Elizabeth Wood
Company Number
15636290 (England and Wales)
Registered Office
17 Castle Oval
Kendal
Cumbria
LA9 7BD
England
Accountants
PE Accountancy Services
15 Fowling Lane
KENDAL
Cumbira
LA9 6HB
Gillwood Group Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
39,208
33,207
Cash at bank and in hand
54,610
37,477
Creditors: amounts falling due within one year
(51,729)
(46,898)
Net current assets
20,262
14,155
Total assets less current liabilities
59,470
47,362
Creditors: amounts falling due after more than one year
(43,750)
(43,750)
Provisions for liabilities
Deferred tax
(4,078)
(2,938)
Called up share capital
2
2
Profit and loss account
11,640
672
Shareholders' funds
11,642
674
For the year ending 31 March 2026 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 1 July 2026 and were signed on its behalf by
Aimee Elizabeth Wood
Director
Company Registration No. 15636290
Gillwood Group Ltd
Notes to the Accounts
for the year ended 31 March 2026
Gillwood Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 15636290. The registered office is 17 Castle Oval, Kendal, Cumbria, LA9 7BD, England.
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.
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:
Land & buildings
6 years straight line basis
Plant & machinery
15% reducing balance basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Gillwood Group Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2025
34,115
5,621
39,736
At 31 March 2026
34,115
20,214
54,329
At 1 April 2025
5,686
843
6,529
Charge for the year
5,686
2,906
8,592
At 31 March 2026
11,372
3,749
15,121
At 31 March 2026
22,743
16,465
39,208
At 31 March 2025
28,429
4,778
33,207
Amounts falling due within one year
Accrued income and prepayments
13,486
20,922
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
10,073
10,497
Taxes and social security
17,619
3,519
Loans from directors
12,879
17,072
Deferred income
8,951
14,158
7
Creditors: amounts falling due after more than one year
2026
2025
Other creditors
43,750
43,750
8
Operating lease commitments
2026
2025
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
34,200
34,200
Later than one year and not later than five years
102,600
136,800
Gillwood Group Ltd
Notes to the Accounts
for the year ended 31 March 2026
9
Transactions with related parties
During the year, the company had outstanding loans totalling £43,750 from close family members of the Director.
The loans are interest-free, unsecured, and have no fixed repayment date.
The balance of these loans included in creditors falling due after more than one year at the year end totals £43,750 (2025: £43,750).
The transactions were not made on normal market terms.
10
Average number of employees
During the year the average number of employees was 15 (2025: 10).