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REGISTERED NUMBER: 05082178 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DAVE GIBBONS LTD

DAVE GIBBONS LTD (REGISTERED NUMBER: 05082178)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAVE GIBBONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: D C Gibbons
Mrs H L Gibbons





SECRETARY: Arkglen Limited





REGISTERED OFFICE: Ground Floor, Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 05082178 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

DAVE GIBBONS LTD (REGISTERED NUMBER: 05082178)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,557 8,921

CURRENT ASSETS
Debtors 5 1,134 7,199
Investments 6 102,904 100,850
Cash at bank 238,191 145,817
342,229 253,866
CREDITORS
Amounts falling due within one year 7 51,489 15,027
NET CURRENT ASSETS 290,740 238,839
TOTAL ASSETS LESS CURRENT LIABILITIES 297,297 247,760

PROVISIONS FOR LIABILITIES 2,371 2,005
NET ASSETS 294,926 245,755

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 293,926 244,755
SHAREHOLDERS' FUNDS 294,926 245,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:



D C Gibbons - Director


DAVE GIBBONS LTD (REGISTERED NUMBER: 05082178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Dave Gibbons Ltd 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets in foreign currencies are translated into sterling at the rates of exchange ruling at the date of receipt, which is not considered to be materially different from the rate of exchange at the balance sheet date. Sales transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of receipt. All exchange differences are taken into account in arriving at these operating results.

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.

DAVE GIBBONS LTD (REGISTERED NUMBER: 05082178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Investments
Listed investments are recognised at initial costs with subsequent fair value adjustments at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 9,712 37,394 47,106
Additions 464 - 464
Disposals - (22,025 ) (22,025 )
At 31 May 2023 10,176 15,369 25,545
DEPRECIATION
At 1 June 2022 9,015 29,170 38,185
Charge for year 290 1,896 2,186
Eliminated on disposal - (21,383 ) (21,383 )
At 31 May 2023 9,305 9,683 18,988
NET BOOK VALUE
At 31 May 2023 871 5,686 6,557
At 31 May 2022 697 8,224 8,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 315 315
Other debtors - 221
Directors' current accounts - 6,017
VAT 114 -
Prepayments 705 646
1,134 7,199

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 102,904 100,850
Market value of listed investments at 31 May 2023 - £ 102,904 (2022 - £ 100,850 ).

DAVE GIBBONS LTD (REGISTERED NUMBER: 05082178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 83 83
Corporation tax 44,206 11,149
VAT - 150
Other creditors 265 -
Directors' current accounts 2,917 -
Accrued expenses 4,018 3,645
51,489 15,027

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors of the company, operated a directors' current account with the company. At the year end, there was a credit balance on the account of £2,917 (2022 £6,017 debit).