Company registration number SC421045 (Scotland)
GIBTIME LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
GIBTIME LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr M M Arcari
Mr M L Arcari
Company number
SC421045
Registered office
C/O Consilium Chartered Accountants
169 West George Street
Glasgow
United Kingdom
G2 2LB
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
Business address
3/9 St George's Buildings
5 St Vincent Place
Glasgow
Scotland
G1 2DH
GIBTIME LIMITED
CONTENTS
Page
Company information
1
Balance sheet and notes to the financial statements
2 - 3
GIBTIME LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 2 -
2023
2022
£
£
£
£
Fixed assets
2,316,325
2,316,325
Current assets
6,903,309
3,784,611
Creditors: amounts falling due within one year
(5,133,191)
(3,296,091)
Net current assets
1,770,118
488,520
Total assets less current liabilities
4,086,443
2,804,845
Creditors: amounts falling due after more than one year
(1,370,055)
(130,696)
Net assets
2,716,388
2,674,149
Capital and reserves
2,716,388
2,674,149
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

At 31 March 2023 the company was owed £2,097,699 (2022 - £387,007) by a director.

 

The loan is unsecured, interest free and has no fixed repayment terms.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Total
-
0
-
0

Gibtime Limited is a private company limited by shares incorporated in Scotland. The company's registered office is C/O Consilium Chartered Accountants, 169 West George Street, Glasgow, United Kingdom, G2 2LB.

 

The presentational and functional currency of the financial statements is the Pound Sterling (£).

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

GIBTIME LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 3 -

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 13 February 2024 and are signed on its behalf by:
Mr M M Arcari
Director
Company Registration Number SC421045
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