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REGISTERED NUMBER: 14106063 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Gibbons Visual Ltd

Gibbons Visual Ltd (Registered number: 14106063)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gibbons Visual Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr Gavin Gibbons
Mrs Andrea Gibbons





REGISTERED OFFICE: 12 Oxford Lane
Grove
Wantage
OX12 7PJ





REGISTERED NUMBER: 14106063 (England and Wales)





ACCOUNTANTS: Inca Accountants Ltd
Chartered Certified Accountants
Central Office
Cobweb Buildings
The Lane, Lyford
Nr Wantage
Oxfordshire
OX12 0EE

Gibbons Visual Ltd (Registered number: 14106063)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,234 5,167

CURRENT ASSETS
Debtors 5 17,100 12,000
Cash at bank 50,458 55,268
67,558 67,268
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(51,916

)

(36,179

)
NET CURRENT ASSETS 15,642 31,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,876

36,256

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,874 36,254
19,876 36,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Gibbons Visual Ltd (Registered number: 14106063)

Balance Sheet - continued
31 May 2024


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

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

Approved and authorised by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





Mr Gavin Gibbons - Director


Gibbons Visual Ltd (Registered number: 14106063)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Gibbons Visual Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Gibbons Visual Ltd (Registered number: 14106063)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2023 2,826 4,063 6,889
Additions 1,053 - 1,053
At 31 May 2024 3,879 4,063 7,942
DEPRECIATION
At 1 June 2023 706 1,016 1,722
Charge for year 970 1,016 1,986
At 31 May 2024 1,676 2,032 3,708
NET BOOK VALUE
At 31 May 2024 2,203 2,031 4,234
At 31 May 2023 2,120 3,047 5,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,100 12,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 494 1,321
Taxation and social security 24,522 20,898
Other creditors 26,900 13,960
51,916 36,179