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REGISTERED NUMBER: 08122312 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 30 April 2022

for

Gibmoor Holdings Limited

Gibmoor Holdings Limited (Registered number: 08122312)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Gibmoor Holdings Limited

Company Information
for the Year Ended 30 April 2022







DIRECTORS: Mrs Susan Gibson
Mr Andrew Mark Gibson
Mr Christopher Paul Gibson





REGISTERED OFFICE: Unit 20
Oakhill Trading Estate
Devonshire Road
Worsley
M28 3PT





REGISTERED NUMBER: 08122312 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Gibmoor Holdings Limited (Registered number: 08122312)

Abridged Balance Sheet
30 April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 743,017 495,790
Investments 5 100 100
743,117 495,890

CURRENT ASSETS
Debtors 26,724 5,130
Cash at bank 132,744 215,778
159,468 220,908
CREDITORS
Amounts falling due within one year 115,215 42,047
NET CURRENT ASSETS 44,253 178,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

787,370

674,751

CREDITORS
Amounts falling due after more than one
year

6

(252,000

)

(196,714

)

PROVISIONS FOR LIABILITIES 7 (141,173 ) (64,965 )
NET ASSETS 394,197 413,072

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 394,097 412,972
SHAREHOLDERS' FUNDS 394,197 413,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

Gibmoor Holdings Limited (Registered number: 08122312)

Abridged Balance Sheet - continued
30 April 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 September 2022 and were signed on its behalf by:





Mrs Susan Gibson - Director


Gibmoor Holdings Limited (Registered number: 08122312)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Gibmoor Holdings 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.

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.

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.
Long leasehold - 5% on cost
Improvements to property - 10% on cost
Plant and machinery - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Gibmoor Holdings Limited (Registered number: 08122312)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2021 806,891
Additions 362,930
Disposals (84,425 )
At 30 April 2022 1,085,396
DEPRECIATION
At 1 May 2021 311,101
Charge for year 115,703
Eliminated on disposal (84,425 )
At 30 April 2022 342,379
NET BOOK VALUE
At 30 April 2022 743,017
At 30 April 2021 495,790

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

Totals
£   
COST
At 1 May 2021
and 30 April 2022 336,800
DEPRECIATION
At 1 May 2021 30,873
Charge for year 67,360
At 30 April 2022 98,233
NET BOOK VALUE
At 30 April 2022 238,567
At 30 April 2021 305,927

Gibmoor Holdings Limited (Registered number: 08122312)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2021
and 30 April 2022 100
NET BOOK VALUE
At 30 April 2022 100
At 30 April 2021 100

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2021
£    £   
Repayable by instalments
Bank loans more 5 yr 73,143 57,857

7. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 141,173 64,965

Deferred
tax
£   
Balance at 1 May 2021 64,965
Provided during year 76,208
Balance at 30 April 2022 141,173

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
60 Ordinary "A" Shares £1 60 60

Allotted and issued:
Number: Class: Nominal 2022 2021
value: £    £   
40 Ordinary "B" shares £1 40 40

Gibmoor Holdings Limited (Registered number: 08122312)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

9. CONTINGENT LIABILITIES

The company's bankers hold a cross guarantee and debenture securing the bank borrowings of the company and its subsidiary company, Select Garage Doors Ltd.

10. ULTIMATE PARENT COMPANY

G A & S Holdings Ltd is regarded by the directors as being the company's ultimate parent company.