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REGISTERED NUMBER: 07779876 (England and Wales)





















GIBSONART LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023






GIBSONART LIMITED (REGISTERED NUMBER: 07779876)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


GIBSONART LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023







DIRECTOR: M C Gibson





REGISTERED OFFICE: 26 Livingstone Road
Daventry
Northamptonshire
NN11 0RG





REGISTERED NUMBER: 07779876 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

GIBSONART LIMITED (REGISTERED NUMBER: 07779876)

BALANCE SHEET
29 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,465 897

CURRENT ASSETS
Cash at bank 177,804 192,877

CREDITORS
Amounts falling due within one year 5 139,911 116,759
NET CURRENT ASSETS 37,893 76,118
TOTAL ASSETS LESS CURRENT LIABILITIES 39,358 77,015

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 39,356 77,013
SHAREHOLDERS' FUNDS 39,358 77,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:




M C Gibson - Director


GIBSONART LIMITED (REGISTERED NUMBER: 07779876)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023


1. STATUTORY INFORMATION

Gibsonart Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on reducing balance

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

GIBSONART LIMITED (REGISTERED NUMBER: 07779876)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022 7,502
Additions 1,058
At 29 September 2023 8,560
DEPRECIATION
At 1 October 2022 6,605
Charge for period 490
At 29 September 2023 7,095
NET BOOK VALUE
At 29 September 2023 1,465
At 30 September 2022 897

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 379 12,600
Other creditors 139,532 104,159
139,911 116,759

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2