IRIS Accounts Production v24.2.0.383 SC400820 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4008202023-03-31SC4008202024-03-31SC4008202023-04-012024-03-31SC4008202022-03-31SC4008202022-04-012023-03-31SC4008202023-03-31SC400820ns15:Scotland2023-04-012024-03-31SC400820ns14:PoundSterling2023-04-012024-03-31SC400820ns10:Director12023-04-012024-03-31SC400820ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC400820ns10:SmallEntities2023-04-012024-03-31SC400820ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC400820ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC400820ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC400820ns10:FullAccounts2023-04-012024-03-31SC40082012023-04-012024-03-31SC400820ns10:Director22023-04-012024-03-31SC400820ns10:RegisteredOffice2023-04-012024-03-31SC400820ns5:CurrentFinancialInstruments2024-03-31SC400820ns5:CurrentFinancialInstruments2023-03-31SC400820ns5:Non-currentFinancialInstruments2024-03-31SC400820ns5:Non-currentFinancialInstruments2023-03-31SC400820ns5:ShareCapital2024-03-31SC400820ns5:ShareCapital2023-03-31SC400820ns5:RetainedEarningsAccumulatedLosses2024-03-31SC400820ns5:RetainedEarningsAccumulatedLosses2023-03-31SC400820ns5:NetGoodwill2023-04-012024-03-31SC400820ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC400820ns5:PlantMachinery2023-04-012024-03-31SC400820ns5:ComputerEquipment2023-04-012024-03-31SC400820ns5:NetGoodwill2023-03-31SC400820ns5:NetGoodwill2024-03-31SC400820ns5:NetGoodwill2023-03-31SC400820ns5:PlantMachinery2023-03-31SC400820ns5:MotorVehicles2023-03-31SC400820ns5:ComputerEquipment2023-03-31SC400820ns5:MotorVehicles2023-04-012024-03-31SC400820ns5:PlantMachinery2024-03-31SC400820ns5:MotorVehicles2024-03-31SC400820ns5:ComputerEquipment2024-03-31SC400820ns5:PlantMachinery2023-03-31SC400820ns5:MotorVehicles2023-03-31SC400820ns5:ComputerEquipment2023-03-31SC400820ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31SC400820ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-31SC400820ns5:LeasedAssetsHeldAsLessee2023-03-31SC400820ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC400820ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC400820ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC400820ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-31SC400820ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-31SC400820ns5:LeasedAssetsHeldAsLessee2024-03-31SC400820ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31SC400820ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-31SC400820ns5:LeasedAssetsHeldAsLessee2023-03-31SC400820ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC400820ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC400820ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-31SC400820ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-31SC400820ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-31SC400820ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31SC400820ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-31SC400820ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-31SC400820ns5:WithinOneYearns5:HirePurchaseContracts2024-03-31SC400820ns5:WithinOneYearns5:HirePurchaseContracts2023-03-31SC400820ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-31SC400820ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-31SC400820ns5:HirePurchaseContracts2024-03-31SC400820ns5:HirePurchaseContracts2023-03-31SC400820ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-31SC400820ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-03-31SC400820ns5:WithinOneYear2024-03-31SC400820ns5:WithinOneYear2023-03-31SC400820ns5:BetweenOneFiveYears2024-03-31SC400820ns5:BetweenOneFiveYears2023-03-31SC400820ns5:AllPeriods2024-03-31SC400820ns5:AllPeriods2023-03-31
REGISTERED NUMBER: SC400820 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GIBSON BOWLING GREEN MAINTENANCE LTD

GIBSON BOWLING GREEN MAINTENANCE LTD (REGISTERED NUMBER: SC400820)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIBSON BOWLING GREEN MAINTENANCE LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: E H Gibson
Mrs L Gibson





REGISTERED OFFICE: 100 Balfron Drive
Coatbridge
ML5 4FF





REGISTERED NUMBER: SC400820 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

GIBSON BOWLING GREEN MAINTENANCE LTD (REGISTERED NUMBER: SC400820)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,600 22,400
Tangible assets 5 67,102 45,007
86,702 67,407

CURRENT ASSETS
Debtors 6 32,866 29,426
Cash at bank 47,755 55,400
80,621 84,826
CREDITORS
Amounts falling due within one year 7 79,961 54,208
NET CURRENT ASSETS 660 30,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,362

98,025

CREDITORS
Amounts falling due after more than one
year

8

(23,702

)

(33,148

)

PROVISIONS FOR LIABILITIES (12,789 ) (8,551 )
NET ASSETS 50,871 56,326

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,869 56,324
SHAREHOLDERS' FUNDS 50,871 56,326

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GIBSON BOWLING GREEN MAINTENANCE LTD (REGISTERED NUMBER: SC400820)

BALANCE SHEET - continued
31 March 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.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





E H Gibson - Director


GIBSON BOWLING GREEN MAINTENANCE LTD (REGISTERED NUMBER: SC400820)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gibson Bowling Green Maintenance Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Computer equipment - 20% 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.

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.

GIBSON BOWLING GREEN MAINTENANCE LTD (REGISTERED NUMBER: SC400820)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 56,000
AMORTISATION
At 1 April 2023 33,600
Amortisation for year 2,800
At 31 March 2024 36,400
NET BOOK VALUE
At 31 March 2024 19,600
At 31 March 2023 22,400

GIBSON BOWLING GREEN MAINTENANCE LTD (REGISTERED NUMBER: SC400820)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 233,188 14,500 1,966 249,654
Additions 7,430 41,795 - 49,225
At 31 March 2024 240,618 56,295 1,966 298,879
DEPRECIATION
At 1 April 2023 199,781 2,900 1,966 204,647
Charge for year 15,871 11,259 - 27,130
At 31 March 2024 215,652 14,159 1,966 231,777
NET BOOK VALUE
At 31 March 2024 24,966 42,136 - 67,102
At 31 March 2023 33,407 11,600 - 45,007

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 17,995 14,500 32,495
DEPRECIATION
At 1 April 2023 7,198 2,900 10,098
Charge for year 3,599 2,900 6,499
At 31 March 2024 10,797 5,800 16,597
NET BOOK VALUE
At 31 March 2024 7,198 8,700 15,898
At 31 March 2023 10,797 11,600 22,397

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,465 19,847
Prepayments and accrued income 12,401 9,579
32,866 29,426

GIBSON BOWLING GREEN MAINTENANCE LTD (REGISTERED NUMBER: SC400820)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,220 2,220
Hire purchase contracts (see note 9) 7,374 10,274
Trade creditors 21,117 22,864
Tax 3,352 7,574
Social security and other taxes 3,413 3,389
VAT 10,273 7,536
Directors' current accounts 32,212 -
Accrued expenses - 351
79,961 54,208

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 2,220 2,220
Bank loans - 2-5 years 6,660 6,660
Bank loans more 5 yr by instal 3,521 5,896
Hire purchase contracts (see note 9) 11,301 18,372
23,702 33,148

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,521 5,896

GIBSON BOWLING GREEN MAINTENANCE LTD (REGISTERED NUMBER: SC400820)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Gross obligations repayable:
Within one year 8,667 11,567
Between one and five years 13,514 21,808
22,181 33,375

Finance charges repayable:
Within one year 1,293 1,293
Between one and five years 2,213 3,436
3,506 4,729

Net obligations repayable:
Within one year 7,374 10,274
Between one and five years 11,301 18,372
18,675 28,646

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 8,252 8,252
Between one and five years 8,252 16,504
16,504 24,756

10. RELATED PARTY DISCLOSURES

The company directors were owed £32,212 (2023-nil) at the year end. This was the maximum amount outstanding during the year.