1 March 2023 false No description of principal activity Taxfiler 2023.14 SC723742business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC7237422023-02-28 SC7237422023-03-012024-02-29 SC723742business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC723742business:FilletedAccounts2023-03-012024-02-29 SC7237422024-02-29 SC723742business:Director12023-03-012024-02-29 SC723742business:RegisteredOffice2023-03-012024-02-29 SC7237422023-02-28 SC723742core:WithinOneYear2024-02-29 SC723742core:WithinOneYear2023-02-28 SC723742core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC723742core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC723742core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC723742core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC723742core:PreviouslyStatedAmount2024-02-29 SC723742core:PreviouslyStatedAmount2023-02-28 SC723742business:SmallEntities2023-03-012024-02-29 SC723742countries:Scotland2023-03-012024-02-29 SC723742core:PlantMachinery2023-03-012024-02-29 SC723742core:MotorVehicles2023-03-012024-02-29 SC723742core:FurnitureFittings2023-03-012024-02-29 SC723742core:ComputerEquipment2023-03-012024-02-29 SC723742core:PlantMachinery2023-02-28 SC723742core:MotorVehicles2023-02-28 SC723742core:FurnitureFittings2023-02-28 SC723742core:ComputerEquipment2023-02-28 SC723742core:PlantMachinery2024-02-29 SC723742core:MotorVehicles2024-02-29 SC723742core:FurnitureFittings2024-02-29 SC723742core:ComputerEquipment2024-02-29 SC7237422022-02-212023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC723742 (Scotland)
G J GIBBON LTD Unaudited accounts for the year ended 29 February 2024
G J GIBBON LTD Unaudited accounts Contents
Page
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G J GIBBON LTD Company Information for the year ended 29 February 2024
Director
Gareth J Gibbon
Company Number
SC723742 (Scotland)
Registered Office
MIDDLE HYTHIE FARMHOUSE MINTLAW PETERHEAD AB42 4HS SCOTLAND
Accountants
Scott Accountancy Services 119 Lanchester Avenue Gateshead Tyne & Wear NE9 7AN
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G J GIBBON LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,677 
7,392 
Current assets
Cash at bank and in hand
1,562 
50 
Creditors: amounts falling due within one year
(7,472)
(6,007)
Net current liabilities
(5,910)
(5,957)
Net (liabilities)/assets
(233)
1,435 
Capital and reserves
Called up share capital
1 
- 
Profit and loss account
(234)
1,435 
Shareholders' funds
(233)
1,435 
For the year ending 29 February 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2024 and were signed on its behalf by
Gareth J Gibbon Director Company Registration No. SC723742
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G J GIBBON LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
G J GIBBON LTD is a private company, limited by shares, registered in Scotland, registration number SC723742. The registered office is MIDDLE HYTHIE FARMHOUSE, MINTLAW, PETERHEAD, AB42 4HS, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
3,000 
5,000 
500 
1,000 
9,500 
At 29 February 2024
3,000 
5,000 
500 
1,000 
9,500 
Depreciation
At 1 March 2023
450 
1,250 
75 
333 
2,108 
Charge for the year
382 
937 
63 
333 
1,715 
At 29 February 2024
832 
2,187 
138 
666 
3,823 
Net book value
At 29 February 2024
2,168 
2,813 
362 
334 
5,677 
At 28 February 2023
2,550 
3,750 
425 
667 
7,392 
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G J GIBBON LTD Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,098 
5,332 
Accruals
1,374 
675 
7,472 
6,007 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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