IRIS Accounts Production v24.1.0.578 12208096 director 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122080962022-09-30122080962023-09-30122080962022-10-012023-09-30122080962021-09-30122080962021-10-012022-09-30122080962022-09-3012208096ns15:EnglandWales2022-10-012023-09-3012208096ns14:PoundSterling2022-10-012023-09-3012208096ns10:Director12022-10-012023-09-3012208096ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3012208096ns10:SmallEntities2022-10-012023-09-3012208096ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3012208096ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3012208096ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3012208096ns10:AbridgedAccounts2022-10-012023-09-3012208096ns10:RegisteredOffice2022-10-012023-09-3012208096ns5:CurrentFinancialInstruments2023-09-3012208096ns5:CurrentFinancialInstruments2022-09-3012208096ns5:Non-currentFinancialInstruments2023-09-3012208096ns5:Non-currentFinancialInstruments2022-09-3012208096ns5:ShareCapital2023-09-3012208096ns5:ShareCapital2022-09-3012208096ns5:RetainedEarningsAccumulatedLosses2023-09-3012208096ns5:RetainedEarningsAccumulatedLosses2022-09-3012208096ns5:PlantMachinery2022-10-012023-09-3012208096ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3012208096ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3012208096ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-3012208096ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-09-3012208096ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3012208096ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-09-30
REGISTERED NUMBER: 12208096 (England and Wales)












P.GILBERT LIVESTOCK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






P.GILBERT LIVESTOCK LTD (REGISTERED NUMBER: 12208096)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P.GILBERT LIVESTOCK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: P Gilbert





REGISTERED OFFICE: The Shambles
Wainfleet Road
Firsby
Spilsby
Lincolnshire
PE23 5QW





REGISTERED NUMBER: 12208096 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Skegness)
Chartered Certified Accountants
26 Ida Road
Skegness
Lincolnshire
PE25 2AR

P.GILBERT LIVESTOCK LTD (REGISTERED NUMBER: 12208096)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 813,517 196,090

CURRENT ASSETS
Stocks 13,440 20,625
Debtors 27,330 8,875
Cash at bank 38,368 1,871
79,138 31,371
CREDITORS
Amounts falling due within one year 772,236 112,184
NET CURRENT LIABILITIES (693,098 ) (80,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,419

115,277

CREDITORS
Amounts falling due after more than one
year

4

120,732

144,826
NET LIABILITIES (313 ) (29,549 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (314 ) (29,550 )
(313 ) (29,549 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

P.GILBERT LIVESTOCK LTD (REGISTERED NUMBER: 12208096)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2024 and were signed by:





P Gilbert - Director


P.GILBERT LIVESTOCK LTD (REGISTERED NUMBER: 12208096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. 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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

P.GILBERT LIVESTOCK LTD (REGISTERED NUMBER: 12208096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 228,100
Additions 661,868
Disposals (29,355 )
At 30 September 2023 860,613
DEPRECIATION
At 1 October 2022 32,010
Charge for year 27,692
Eliminated on disposal (12,606 )
At 30 September 2023 47,096
NET BOOK VALUE
At 30 September 2023 813,517
At 30 September 2022 196,090

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

Totals
£   
COST
At 1 October 2022 66,956
Additions 59,600
Disposals (28,456 )
At 30 September 2023 98,100
DEPRECIATION
At 1 October 2022 22,074
Charge for year 22,119
Eliminated on disposal (12,449 )
At 30 September 2023 31,744
NET BOOK VALUE
At 30 September 2023 66,356
At 30 September 2022 44,882

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   

Repayable by instalments
Other loans more 5yrs instal 60,970 100,560

P.GILBERT LIVESTOCK LTD (REGISTERED NUMBER: 12208096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bounce Back Loan 1,550 1,550
Buitelaar Loan 221,100 30,308
222,650 31,858

Amounts falling due between one and two years:
Bounce Back Loan 1,550 1,550

Amounts falling due between two and five years:
Bounce Back Loan 1,839 3,359

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 60,970 100,560

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 73,314 54,030