GILCO CORPORATION LIMITED


Directors	ANANDANAYAGAM, Sutharsan
	PATEL, Arpit Jayeshkumar
	PATEL, Axit
	SUQLAIN, Sanaan


Registered Address	22 Page Street
	London
	SW1P 4EN


Registered Number	05951279 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		5,570		3,508
			5,570		3,508
Current assets
Stocks	4	37,500		36,150
Debtors	5	289,782		218,547
Cash at bank and on hand		35,654		55,950
		362,936		310,647
Creditors amounts falling due within one year	6	(322,320)		(319,833)
Net current assets (liabilities)			40,616		(9,186)
Total assets less current liabilities			46,186		(5,678)
Creditors amounts falling due after one year	7		-		(4,000)
Net assets			46,186		(9,678)
Capital and reserves
Called up share capital			100		100
Profit and loss account			46,086		(9,778)
Shareholders' funds			46,186		(9,678)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2026, and are signed on its behalf by:

ANANDANAYAGAM, Sutharsan
Director

SUQLAIN, Sanaan
Director

Registered Company No. 05951279

GILCO CORPORATION LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

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

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		7

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 November 24	28,718	28,718
Additions	3,160	3,160
At 31 October 25	31,878	31,878
Depreciation and impairment
At 01 November 24	25,210	25,210
Charge for year	1,098	1,098
At 31 October 25	26,308	26,308
Net book value
At 31 October 25	5,570	5,570
At 31 October 24	3,508	3,508

4.	Stocks

	2025	2024
	£	£
Finished goods	37,500	36,150
Total	37,500	36,150

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	133,674	134,821
Amounts owed by group undertakings	129,481	52,000
Other debtors	19,457	23,807
Prepayments and accrued income	7,170	7,919
Total	289,782	218,547

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	126,072	113,479
Bank borrowings and overdrafts	4,000	6,000
Taxation and social security	1,536	1,773
Other creditors	190,104	198,367
Accrued liabilities and deferred income	608	214
Total	322,320	319,833


	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.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	4,000
Total	-	4,000

8.	Related party transactions
	At the yearend, Shayona Healthcare Ltd owed £129,481 (2024: £52,000) to Gilco Corporation Ltd. The companies are related and Shayona Healthcare Ltd is the parent company of Gilco Corporation Limited.