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Company Registration No. 13029615 (England and Wales)
Gilbert Brothers Construction Limited Unaudited accounts for the year ended 30 November 2023
Gilbert Brothers Construction Limited Unaudited accounts Contents
Page
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Gilbert Brothers Construction Limited Company Information for the year ended 30 November 2023
Directors
Robert Gilbert Peter Gilbert Nicola Gilbert Terri Gilbert
Company Number
13029615 (England and Wales)
Registered Office
6 Coswinsawsin Lane Carnhell Green Camborne Cornwall TR14 0LW
Accountants
Ashored 1 Chellew Road Truro Cornwall TR1 1LR
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Gilbert Brothers Construction Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
58,108 
28,295 
Current assets
Inventories
382,940 
705,711 
Debtors
10,149 
18,326 
Cash at bank and in hand
158,946 
18,307 
552,035 
742,344 
Creditors: amounts falling due within one year
(145,797)
(330,403)
Net current assets
406,238 
411,941 
Total assets less current liabilities
464,346 
440,236 
Creditors: amounts falling due after more than one year
(531,836)
(491,157)
Net liabilities
(67,490)
(50,921)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(67,494)
(50,925)
Shareholders' funds
(67,490)
(50,921)
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 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 of Directors and authorised for issue on 11 August 2024 and were signed on its behalf by
Robert Gilbert Director Company Registration No. 13029615
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Gilbert Brothers Construction Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Gilbert Brothers Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 13029615. The registered office is 6 Coswinsawsin Lane, Carnhell Green, Camborne, Cornwall, TR14 0LW.
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
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The financial statements have been prepared on a going concern basis notwithstanding that at 30 November 2023 the company had net liabilities of £67,490. The company's continuation as a going concern is dependent upon the continued support of the company's directors and shareholders and its ability to generate trading profits from operations in the succeeding period in order to meet its obligations as they fall due. The directors consider it is appropriate to prepare the financial statements on a going concern basis as they undertake to continue to provide financial and other support as necessary to the company.
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Gilbert Brothers Construction Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
3,267 
34,206 
78 
37,551 
Additions
11,449 
32,905 
- 
44,354 
At 30 November 2023
14,716 
67,111 
78 
81,905 
Depreciation
At 1 December 2022
1,176 
8,042 
38 
9,256 
Charge for the year
2,708 
11,814 
19 
14,541 
At 30 November 2023
3,884 
19,856 
57 
23,797 
Net book value
At 30 November 2023
10,832 
47,255 
21 
58,108 
At 30 November 2022
2,091 
26,164 
40 
28,295 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
8,620 
16,797 
Accrued income and prepayments
1,529 
1,529 
10,149 
18,326 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
201,000 
VAT
968 
- 
Trade creditors
24,993 
15,320 
Taxes and social security
5,284 
- 
Other creditors
99,998 
100,603 
Loans from directors
13,804 
12,098 
Accruals
750 
1,382 
145,797 
330,403 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
531,836 
491,157 
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Gilbert Brothers Construction Limited Notes to the Accounts for the year ended 30 November 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr R Gilbert
(136,157)
7,000 
37,020 
(166,177)
Mr P Gilbert
(351,000)
107,000 
46,174 
(290,174)
Mrs N Gilbert
(2,000)
- 
30,311 
(32,311)
Mrs T Gilbert
(2,000)
- 
41,174 
(43,174)
(491,157)
114,000 
154,679 
(531,836)
9
Average number of employees
During the year the average number of employees was 4 (2022: 2).
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