IRIS Accounts Production v23.2.0.158 08836667 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088366672022-01-31088366672023-01-31088366672022-02-012023-01-31088366672021-01-31088366672021-02-012022-01-31088366672022-01-3108836667ns10:Originalns15:EnglandWales2022-02-012023-01-3108836667ns14:PoundSterlingns10:Original2022-02-012023-01-3108836667ns10:Originalns10:Director12022-02-012023-01-3108836667ns10:Original2022-02-012023-01-3108836667ns10:Original2023-01-3108836667ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3108836667ns10:Originalns10:SmallEntities2022-02-012023-01-3108836667ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3108836667ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3108836667ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3108836667ns10:Originalns10:FullAccounts2022-02-012023-01-3108836667ns10:Originalns10:OrdinaryShareClass12022-02-012023-01-3108836667ns10:Originalns10:Director22022-02-012023-01-3108836667ns10:CompanySecretary1ns10:Original2022-02-012023-01-3108836667ns10:Originalns10:RegisteredOffice2022-02-012023-01-3108836667ns10:Original2022-01-3108836667ns10:Originalns5:CurrentFinancialInstruments2023-01-3108836667ns10:Originalns5:CurrentFinancialInstruments2022-01-3108836667ns10:Originalns5:Non-currentFinancialInstruments2023-01-3108836667ns10:Originalns5:Non-currentFinancialInstruments2022-01-3108836667ns5:ShareCapitalns10:Original2023-01-3108836667ns5:ShareCapitalns10:Original2022-01-3108836667ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3108836667ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3108836667ns10:Originalns5:PlantMachinery2022-02-012023-01-3108836667ns10:Original2021-02-012022-01-3108836667ns10:Originalns5:PlantMachinery2022-01-3108836667ns10:Originalns5:PlantMachinery2023-01-3108836667ns10:Originalns5:PlantMachinery2022-01-3108836667ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-01-3108836667ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-02-012023-01-3108836667ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3108836667ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-01-3108836667ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3108836667ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3108836667ns10:Originalns10:OrdinaryShareClass12023-01-31
REGISTERED NUMBER: 08836667 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

A R GIBSON TRANSPORT LIMITED

A R GIBSON TRANSPORT LIMITED (REGISTERED NUMBER: 08836667)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A R GIBSON TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: R Gibson
A R Gibson





SECRETARY:





REGISTERED OFFICE: 34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG





REGISTERED NUMBER: 08836667 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

A R GIBSON TRANSPORT LIMITED (REGISTERED NUMBER: 08836667)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,395 122,417

CURRENT ASSETS
Debtors 5 53,237 36,689
Cash at bank and in hand 26,880 13,817
80,117 50,506
CREDITORS
Amounts falling due within one year 6 162,223 139,540
NET CURRENT LIABILITIES (82,106 ) (89,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,289

33,383

CREDITORS
Amounts falling due after more than one
year

7

17,993

29,758
NET ASSETS 296 3,625

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 196 3,525
SHAREHOLDERS' FUNDS 296 3,625

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

A R GIBSON TRANSPORT LIMITED (REGISTERED NUMBER: 08836667)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2023


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 25 October 2023 and were signed on its behalf by:





R Gibson - Director


A R GIBSON TRANSPORT LIMITED (REGISTERED NUMBER: 08836667)

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

1. STATUTORY INFORMATION

A R Gibson Transport 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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
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.
Plant and machinery etc - 25% on reducing balance and 15% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

A R GIBSON TRANSPORT LIMITED (REGISTERED NUMBER: 08836667)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 333,378
Additions 35,750
Disposals (147,980 )
At 31 January 2023 221,148
DEPRECIATION
At 1 February 2022 210,961
Charge for year 18,041
Eliminated on disposal (108,249 )
At 31 January 2023 120,753
NET BOOK VALUE
At 31 January 2023 100,395
At 31 January 2022 122,417

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

Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 49,350
DEPRECIATION
At 1 February 2022 20,262
Charge for year 5,412
At 31 January 2023 25,674
NET BOOK VALUE
At 31 January 2023 23,676
At 31 January 2022 29,088

A R GIBSON TRANSPORT LIMITED (REGISTERED NUMBER: 08836667)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,280 15,732
Other debtors 20,957 20,957
53,237 36,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,519 8,519
Hire purchase contracts 3,246 8,679
Trade creditors 63,991 16,568
Taxation and social security 40,589 23,349
Other creditors 45,878 82,425
162,223 139,540

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,993 26,512
Hire purchase contracts - 3,246
17,993 29,758

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100