REGISTERED NUMBER: 11303651 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

GITTINS MCDONALD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G V Kelly

A J Phoenix

K N Owens

REGISTERED OFFICE:

12 Grosvenor Road

Wrexham

LL11 1BU

REGISTERED NUMBER:

11303651 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

51-52 Hope Street

Wrexham

LL11 1BB

FIXED ASSETS

Tangible assets

4

404,188

418,448

CURRENT ASSETS

Stocks

165,072

231,213

Debtors

5

361,986

238,494

Cash at bank and in hand

611,208

423,316

1,138,266

893,023

CREDITORS

Amounts falling due within one year

6

417,947

493,343

NET CURRENT ASSETS

720,319

399,680

TOTAL ASSETS LESS CURRENT LIABILITIES

1,124,507

818,128

CREDITORS

Amounts falling due after more than one year

7

(194,030

)

(232,201

)

PROVISIONS FOR LIABILITIES

9

(14,704

)

(16,432

)

NET ASSETS

915,773

569,495

CAPITAL AND RESERVES

Called up share capital

10

102

102

Retained earnings

915,671

569,393

SHAREHOLDERS' FUNDS

915,773

569,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th July 2026 and were signed on its behalf by:

A J Phoenix - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1st January 2025

367,417

11,420

27,775

65,671

472,283

Additions

-

-

15,075

-

15,075

At 31st December 2025

367,417

11,420

42,850

65,671

487,358

DEPRECIATION

At 1st January 2025

14,697

457

16,020

22,661

53,835

Charge for year

7,348

228

8,625

13,134

29,335

At 31st December 2025

22,045

685

24,645

35,795

83,170

NET BOOK VALUE

At 31st December 2025

345,372

10,735

18,205

29,876

404,188

At 31st December 2024

352,720

10,963

11,755

43,010

418,448

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st January 2025

and 31st December 2025

59,090

DEPRECIATION

At 1st January 2025

18,712

Charge for year

11,818

At 31st December 2025

30,530

NET BOOK VALUE

At 31st December 2025

28,560

At 31st December 2024

40,378

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

297,101

208,687

Directors' current accounts

14,653

-

Prepayments and accrued income

50,232

29,807

361,986

238,494

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

27,675

40,166

Hire purchase contracts

9,823

9,823

Trade creditors

43,063

57,088

Tax

155,825

166,210

Social security and other taxes

62,273

36,002

VAT

108,043

105,036

Directors' current accounts

-

48,913

Accrued expenses

11,245

30,105

417,947

493,343

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

10,166

27,727

Bank loans - 2-5 years

49,640

49,640

Bank loans - over 5 years

119,954

130,740

Hire purchase contracts

14,270

24,094

194,030

232,201

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years

119,954

130,740

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

207,435

248,273

Hire purchase contracts

24,093

33,917

231,528

282,190

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Accelerated capital allowances

14,704

16,432

Deferred

tax

£

Balance at 1st January 2025

16,432

Movement in the year due to:

change in tax allowances

(1,728

)

changes in tax rates

Balance at 31st December 2025

14,704

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

2

Ordinary A

£1

2

2

102

102

11.	CAPITAL COMMITMENTS

31.12.25

31.12.24

£

£

Contracted but not provided for in the

financial statements

-

-