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REGISTERED NUMBER: 09233341 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GIBSON CONSULTANCY LIMITED

GIBSON CONSULTANCY LIMITED (REGISTERED NUMBER: 09233341)






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

Chartered Accountants' Report 7

GIBSON CONSULTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G M Gibson
A Zeen
J Knott





REGISTERED OFFICE: 1&2 Mercia Business Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 09233341 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

GIBSON CONSULTANCY LIMITED (REGISTERED NUMBER: 09233341)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,724 110,369

CURRENT ASSETS
Stocks 5 16,412 -
Debtors 6 216,694 281,428
Cash at bank and in hand 32,996 45,569
266,102 326,997
CREDITORS
Amounts falling due within one year 7 291,487 231,790
NET CURRENT (LIABILITIES)/ASSETS (25,385 ) 95,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,339

205,576

CREDITORS
Amounts falling due after more than one
year

8

(28,369

)

(103,903

)

PROVISIONS FOR LIABILITIES (30,245 ) (14,745 )
NET ASSETS 50,725 86,928

CAPITAL AND RESERVES
Called up share capital 204 204
Capital redemption reserve 9 100 100
Retained earnings 9 50,421 86,624
50,725 86,928

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 CONSULTANCY LIMITED (REGISTERED NUMBER: 09233341)

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 4 October 2024 and were signed on its behalf by:





G M Gibson - Director


GIBSON CONSULTANCY LIMITED (REGISTERED NUMBER: 09233341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Gibson Consultancy 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

GIBSON CONSULTANCY LIMITED (REGISTERED NUMBER: 09233341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 12 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 29,087 4,597 149,792 11,916 195,392
Additions 303 - 93,678 1,566 95,547
Disposals - - (86,834 ) - (86,834 )
At 31 March 2024 29,390 4,597 156,636 13,482 204,105
DEPRECIATION
At 1 April 2023 16,983 2,786 56,988 8,266 85,023
Charge for year 3,039 362 23,763 984 28,148
Eliminated on disposal - - (43,790 ) - (43,790 )
At 31 March 2024 20,022 3,148 36,961 9,250 69,381
NET BOOK VALUE
At 31 March 2024 9,368 1,449 119,675 4,232 134,724
At 31 March 2023 12,104 1,811 92,804 3,650 110,369

At the balance sheet date there were assets held within the Motor Vehicle asset pool under hire purchase at with a net book value of £85,562 (2023: £52,263).

5. STOCKS
2024 2023
£    £   
Work-in-progress 16,412 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 208,507 237,659
Other debtors 5,036 2,360
Tax - 37,209
Prepayments 3,151 4,200
216,694 281,428

GIBSON CONSULTANCY LIMITED (REGISTERED NUMBER: 09233341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,333 -
Hire purchase contracts 15,849 33,697
Trade creditors 85,580 83,072
Corporation tax 47,049 51,880
Social security and other taxes 13,803 12,269
Pensions 1,732 1,356
VAT 44,885 45,535
Other creditors - 1,776
Directors' current accounts 367 440
Accrued expenses 25,889 1,765
291,487 231,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 28,369 21,570
Other creditors - 82,333
28,369 103,903

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 86,624 100 86,724
Profit for the year 119,347 119,347
Dividends (155,550 ) (155,550 )
At 31 March 2024 50,421 100 50,521

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G M Gibson.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GIBSON CONSULTANCY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gibson Consultancy Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gibson Consultancy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gibson Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of Gibson Consultancy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gibson Consultancy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gibson Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gibson Consultancy Limited. You consider that Gibson Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gibson Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX


4 October 2024