Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 06010721 Mrs Emma Gibbons Mr Philip Gibbons Mrs Emma Gibbons P Gibbons true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06010721 2022-11-30 06010721 2023-11-30 06010721 2022-12-01 2023-11-30 06010721 frs-core:CurrentFinancialInstruments 2023-11-30 06010721 frs-core:ComputerEquipment 2022-12-01 2023-11-30 06010721 frs-core:FurnitureFittings 2022-12-01 2023-11-30 06010721 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 06010721 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06010721 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 06010721 frs-core:MotorVehicles 2023-11-30 06010721 frs-core:MotorVehicles 2022-12-01 2023-11-30 06010721 frs-core:MotorVehicles 2022-11-30 06010721 frs-core:PlantMachinery 2023-11-30 06010721 frs-core:PlantMachinery 2022-12-01 2023-11-30 06010721 frs-core:PlantMachinery 2022-11-30 06010721 frs-core:ShareCapital 2023-11-30 06010721 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 06010721 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06010721 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 06010721 frs-bus:SmallEntities 2022-12-01 2023-11-30 06010721 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06010721 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06010721 1 2022-12-01 2023-11-30 06010721 frs-bus:Director1 2022-12-01 2023-11-30 06010721 frs-bus:Director2 2022-12-01 2023-11-30 06010721 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 06010721 frs-countries:EnglandWales 2022-12-01 2023-11-30 06010721 2021-11-30 06010721 2022-11-30 06010721 2021-12-01 2022-11-30 06010721 frs-core:CurrentFinancialInstruments 2022-11-30 06010721 frs-core:ShareCapital 2022-11-30 06010721 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 06010721
P A Gibbons Limited
Financial Statements
For The Year Ended 30 November 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06010721
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 185,247 115,129
185,247 115,129
CURRENT ASSETS
Stocks 5 600 600
Debtors 6 19,840 31,856
Cash at bank and in hand 1,489,243 1,569,906
1,509,683 1,602,362
Creditors: Amounts Falling Due Within One Year 7 (40,065 ) (28,889 )
NET CURRENT ASSETS (LIABILITIES) 1,469,618 1,573,473
TOTAL ASSETS LESS CURRENT LIABILITIES 1,654,865 1,688,602
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (7,020 ) (13,340 )
NET ASSETS 1,647,845 1,675,262
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,647,745 1,675,162
SHAREHOLDERS' FUNDS 1,647,845 1,675,262
Page 1
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For the year ending 30 November 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Emma Gibbons
Director
19th March 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P A Gibbons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06010721 . The registered office is Wood Farmhouse, Friesthorpe Road, Buslingthorpe, Lincoln, Lincs, LN3 5AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% on cost
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 December 2022 45,000 24,187 134,452 203,639
Additions - - 158,960 158,960
Disposals - - (96,731 ) (96,731 )
As at 30 November 2023 45,000 24,187 196,681 265,868
Depreciation
As at 1 December 2022 - 6,272 82,238 88,510
Provided during the period - 4,837 33,549 38,386
Disposals - - (46,275 ) (46,275 )
As at 30 November 2023 - 11,109 69,512 80,621
Net Book Value
As at 30 November 2023 45,000 13,078 127,169 185,247
As at 1 December 2022 45,000 17,915 52,214 115,129
5. Stocks
2023 2022
£ £
Stock 600 600
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,253 31,734
Other taxes and social security 587 122
19,840 31,856
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 91
Bank loans and overdrafts 12,436 2,437
Corporation tax 16,859 14,028
VAT 8,358 8,666
Accruals and deferred income 1,050 1,050
Directors' loan accounts 1,362 2,617
40,065 28,889
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 7,020 13,340
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 48,000 95,000
48,000 95,000
12. Ultimate Controlling Party
The company's ultimate controlling party is P Gibbons by virtue of his ownership of 76% of the issued share capital in the company.
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