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 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

GILDERS (NORTHAMPTON) LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

GILDERS (NORTHAMPTON) LIMITED

Balance sheet

As at 31 January 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 622,711 635,237
Total fixed assets: 622,711 635,237
Current assets
Stocks: 279,801 277,520
Debtors: 4 4,216 5,183
Cash at bank and in hand: 49,787 106,969
Total current assets: 333,804 389,672
Creditors: amounts falling due within one year: 5 (125,931) (126,010)
Net current assets (liabilities): 207,873 263,662
Total assets less current liabilities: 830,584 898,899
Creditors: amounts falling due after more than one year: 6 (68,567) (90,419)
Total net assets (liabilities): 762,017 808,480
Capital and reserves
Called up share capital: 300 300
Revaluation reserve:7561,288561,288
Profit and loss account: 200,429 246,892
Shareholders funds: 762,017 808,480

The notes form part of these financial statements

GILDERS (NORTHAMPTON) LIMITED

Balance sheet statements

For the year ending 31 January 2023 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 28 October 2023
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 2023

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 of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Buildings - 2% on costPlant and machinery etc - 25% on reducing balance and 20% on reducing balance

Valuation and information policy

Freehold properties have been valued as follows:250-252 Wellingborough Road, Northampton - £420,000 valuation per professional valuation dated 14th September 2018.32 Montagu Street, Kettering, Northamptonshire - £250,00 valuation.Included in cost or valuation of land and buildings is freehold land of £134,000 (2022-£134,000) which is not depreciated.

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 7 7

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 753,457
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2023 753,457
Depreciation
At 01 February 2022 118,220
Charge for year 12,526
On disposals 0
Other adjustments 0
At 31 January 2023 130,746
Net book value
At 31 January 2023 622,711
At 31 January 2022 635,237

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Debtors

Debtors are made up as follows: Trade debtors £616 (2022-£1,583), Other debtors £3,600 (2022-£3,600, Total £4,216 (2022-£5,183)

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Creditors: amounts falling due within one year note

Creditors are made up as follows: Bank loans and overdrafts £20,810 (2022-£19.809), Hire Purchase £3,472 (2022-£3,472), Trade creditors £42,641 (2022-£42,633), Taxation and social security £38,420 (2022-£40,151), Other creditors £20,588 (2022-£19,945), Totals £125,931 (2022-£126,010).

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

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

Creditors falling due after one year are made up as follows: Bank loans £41,842 (2022-£50,679), Hire Purchase £2,558 (2022-£5,573), Other creditors £24,167 (2022-£34,167), Totals £68,567 (2022-£90,419).

GILDERS (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

7. Revaluation reserve

2023
£
Balance at 01 February 2022 561,288
Surplus or deficit after revaluation 0
Balance at 31 January 2023 561,288