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REGISTERED NUMBER: 08122312 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 April 2024

for

Gibmoor Holdings Limited

Gibmoor Holdings Limited (Registered number: 08122312)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gibmoor Holdings Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs Susan Gibson
Mr Andrew Mark Gibson
Mr Christopher Paul Gibson





REGISTERED OFFICE: Unit 20
Oakhill Trading Estate
Devonshire Road
Worsley
M28 3PT





REGISTERED NUMBER: 08122312 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Gibmoor Holdings Limited (Registered number: 08122312)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 416,499 574,359
Investments 5 100 100
416,599 574,459

CURRENT ASSETS
Debtors 6 - 548
Cash at bank 167,519 126,542
167,519 127,090
CREDITORS
Amounts falling due within one year 7 (57,108 ) (52,544 )
NET CURRENT ASSETS 110,411 74,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,010

649,005

CREDITORS
Amounts falling due after more than one
year

8

(162,496

)

(208,806

)

PROVISIONS FOR LIABILITIES 9 (104,875 ) (143,590 )
NET ASSETS 259,639 296,609

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 259,539 296,509
SHAREHOLDERS' FUNDS 259,639 296,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Gibmoor Holdings Limited (Registered number: 08122312)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr Christopher Paul Gibson - Director


Gibmoor Holdings Limited (Registered number: 08122312)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Gibmoor Holdings 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.

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.

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.
Long leasehold - 5% on cost
Improvements to property - 10% on cost
Plant and machinery - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Gibmoor Holdings Limited (Registered number: 08122312)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 274,857 9,000 801,539 1,085,396
DEPRECIATION
At 1 May 2023 151,171 8,100 351,766 511,037
Charge for year 13,743 900 143,217 157,860
At 30 April 2024 164,914 9,000 494,983 668,897
NET BOOK VALUE
At 30 April 2024 109,943 - 306,556 416,499
At 30 April 2023 123,686 900 449,773 574,359

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 336,800
DEPRECIATION
At 1 May 2023 165,593
Charge for year 67,360
At 30 April 2024 232,953
NET BOOK VALUE
At 30 April 2024 103,847
At 30 April 2023 171,207

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

Gibmoor Holdings Limited (Registered number: 08122312)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 60
VAT - 150
Prepayments - 338
- 548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,715 44,714
Trade creditors 1,102 -
VAT 3,461 -
Accruals and deferred income 7,830 7,830
57,108 52,544

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 44,714 44,714
Bank loans - 2-5 years 87,856 122,571
Bank loans more 5 yr 29,926 41,521
162,496 208,806

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 29,926 41,521

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 104,875 143,590

Deferred
tax
£   
Balance at 1 May 2023 143,590
Provided during year (38,715 )
Balance at 30 April 2024 104,875

Gibmoor Holdings Limited (Registered number: 08122312)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary "A" Shares £1 60 60

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary "B" shares £1 40 40

11. CONTINGENT LIABILITIES

The company's bankers hold a cross guarantee and debenture securing the bank borrowings of the company and its subsidiary company, Select Garage Doors Ltd.

12. ULTIMATE PARENT COMPANY

A.C.G.S Holdings Ltd is regarded by the directors as being the company's ultimate parent company.