D A GILES LIMITED

D A GILES LIMITED

D A GILES LIMITED - Company Information

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D A GILES LIMITED

Company Registration Number:
06502122 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

D A GILES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

D A GILES LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 0 50,000
Tangible assets: 4 155,243 160,439
Total fixed assets: 155,243 210,439
Current assets
Debtors: 5 1,764,741 1,774,829
Cash at bank and in hand: 952,160 487,401
Total current assets: 2,716,901 2,262,230
Creditors: amounts falling due within one year: 6 (1,275,526) (1,354,334)
Net current assets (liabilities): 1,441,375 907,896
Total assets less current liabilities: 1,596,618 1,118,335
Creditors: amounts falling due after more than one year: 7 (152,580) (60,827)
Provision for liabilities: (29,496) (30,483)
Total net assets (liabilities): 1,414,542 1,027,025
Capital and reserves
Called up share capital: 101 101
Profit and loss account: 1,414,441 1,026,924
Shareholders funds: 1,414,542 1,027,025

The notes form part of these financial statements

D A GILES LIMITED

Balance sheet statements

For the year ending 31 March 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 12 June 2023
and signed on behalf of the board by:

Name: LE Graham
Status: Director

The notes form part of these financial statements

D A GILES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 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. Plant and machinery etc - 25% on reducing balance

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost lessany accumulated amortisation and any accumulated impairment losses

Other accounting policies

Goodwill:Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenlyover its estimated useful life of ten years.Taxation:Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to theextent 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 balancesheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different fromthose in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws thathave been enacted or substantively enacted by the year end and that are expected to apply to the reversal of thetiming 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:Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the leasePension 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

D A GILES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 61 64

D A GILES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 500,000
At 31 March 2023 500,000
Amortisation
At 01 April 2022 450,000
Charge for year 50,000
At 31 March 2023 500,000
Net book value
At 31 March 2023 0
At 31 March 2022 50,000

D A GILES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 267,857
Additions 49,758
At 31 March 2023 317,615
Depreciation
At 01 April 2022 107,418
Charge for year 54,954
At 31 March 2023 162,372
Net book value
At 31 March 2023 155,243
At 31 March 2022 160,439

D A GILES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR: Trade debtors 1,595,086. Other debtors 169,655.

D A GILES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts 10,000. Hire purchase contracts and finance leases 44,852. Trade creditors 889,804. Taxation and social security 127,622. Other creditors 203,248.

D A GILES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

Bank loans 21,667. Hire purchase contracts and finance leases 130,913.