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Company Registration No. 09309187 (England and Wales)
GILL HK LTD Unaudited accounts for the year ended 30 November 2025
GILL HK LTD Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,811
8,166
Investment property
332,532
332,532
Investments
177,891
157,891
517,234
498,589
Current assets
Inventories
218,682
278,475
Debtors
214,629
41,605
Cash at bank and in hand
231,381
379,883
664,692
699,963
Creditors: amounts falling due within one year
(918,030)
(952,762)
Net current liabilities
(253,338)
(252,799)
Total assets less current liabilities
263,896
245,790
Provisions for liabilities
Deferred tax
5
(334)
(381)
Net assets
263,562
245,409
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
263,462
245,309
Shareholders' funds
263,562
245,409
For the year ending 30 November 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 26 December 2025 and were signed on its behalf by
Baljit Singh Director Company Registration No. 09309187
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GILL HK LTD Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
GILL HK LTD is a private company, limited by shares, registered in England and Wales, registration number 09309187. The registered office is UNIT 30A HEADWAY BUSINESS CENTRE, KNOWLES LANE, BRADFORD, WEST YORKSHIRE, BD4 9SW, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Plant & machinery
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
- 3 -
GILL HK LTD Notes to the Accounts for the year ended 30 November 2025
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
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.
Going concern
The director has carried out a detailed review of the company's resources and projected income streams. He is confident that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements. Therefore, the company continues to adopt the going concern basis in preparing the financial statements.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 December 2024
36,839
Additions
578
At 30 November 2025
37,417
Depreciation
At 1 December 2024
28,673
Charge for the year
1,933
At 30 November 2025
30,606
Net book value
At 30 November 2025
6,811
At 30 November 2024
8,166
5
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
334
381
2025
2024
£
£
Provision at start of year
381
561
Credited to the profit and loss account
(47)
(180)
Provision at end of year
334
381
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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GILL HK LTD Notes to the Accounts for the year ended 30 November 2025
7
Average number of employees
During the year the average number of employees was 8 (2024: 8).
- 5 -