GILDERS (NORTHAMPTON) LIMITED

GILDERS (NORTHAMPTON) LIMITED

GILDERS (NORTHAMPTON) LIMITED - Company Information

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GILDERS (NORTHAMPTON) LIMITED

Company Registration Number:
00853902 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2021

Period of accounts

Start date: 01 February 2020

End date: 31 January 2021

GILDERS (NORTHAMPTON) LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2021

Balance sheet
Notes

GILDERS (NORTHAMPTON) LIMITED

Balance sheet

As at 31 January 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 647,212 661,056
Total fixed assets: 647,212 661,056
Current assets
Stocks: 223,324 291,412
Debtors: 4 100 1,805
Cash at bank and in hand: 159,387 3,127
Total current assets: 382,811 296,344
Creditors: amounts falling due within one year: 5 (134,689) (161,385)
Net current assets (liabilities): 248,122 134,959
Total assets less current liabilities: 895,334 796,015
Creditors: amounts falling due after more than one year: 6 (110,872) (76,143)
Total net assets (liabilities): 784,462 719,872
Capital and reserves
Called up share capital: 300 300
Revaluation reserve:7561,288561,288
Profit and loss account: 222,874 158,284
Shareholders funds: 784,462 719,872

The notes form part of these financial statements

GILDERS (NORTHAMPTON) LIMITED

Balance sheet statements

For the year ending 31 January 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 29 October 2021
and signed on behalf of the board by:

Name: Mr T Davies
Status: Director

The notes form part of these financial statements

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life-Land and Property 2% on costPlant and Machinery 25% on reducing balance and 20% on reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

2. Employees

2021 2020
Average number of employees during the period 7 8

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

3. Tangible Assets

Total
Cost £
At 01 February 2020 753,457
At 31 January 2021 753,457
Depreciation
At 01 February 2020 92,401
Charge for year 13,844
At 31 January 2021 106,245
Net book value
At 31 January 2021 647,212
At 31 January 2020 661,056

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

4. Debtors

Other debtors £100 (£1,805).

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts £15,592 (2020-£49,742)Hire purchase £3,971 (2020-£3,971)Trade creditors £27,507 (2020-£55,186)Taxation and social security £64,913 (2020-£33,748)Other creditors £22,706 (2020-£18,738)Total-£134,689 (2020-£161,385)

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

6. Creditors: amounts falling due after more than one year note

Bank loans £58,616 (2020-£65,970)Hire purchase £8,089 (2020-£10,173)Other creditors £44,167 (2020-£0)

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

7. Revaluation reserve

2021
£
Balance at 01 February 2020 561,288
Surplus or deficit after revaluation 0
Balance at 31 January 2021 561,288