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REGISTERED NUMBER: 04414257 (England and Wales)















J. Gisbourne Commercials Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






J. Gisbourne Commercials Limited (Registered number: 04414257)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


J. Gisbourne Commercials Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr J Gisbourne





SECRETARY: Mrs K R Gisbourne





REGISTERED OFFICE: Clifford Chambers Business Park
Clifford Road
Clifford Chambers
Stratford upon Avon
Warwickshire
CV37 8HW





REGISTERED NUMBER: 04414257 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

J. Gisbourne Commercials Limited (Registered number: 04414257)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,019 90,807

CURRENT ASSETS
Stocks 60,472 60,637
Debtors 5 569,642 441,900
Cash at bank and in hand 322,558 343,177
952,672 845,714
CREDITORS
Amounts falling due within one year 6 360,634 387,430
NET CURRENT ASSETS 592,038 458,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,057

549,091

CREDITORS
Amounts falling due after more than one
year

7

(10,834

)

(21,025

)

PROVISIONS FOR LIABILITIES 8 (16,755 ) (17,254 )
NET ASSETS 631,468 510,812

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 631,368 510,712
SHAREHOLDERS' FUNDS 631,468 510,812

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 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.

J. Gisbourne Commercials Limited (Registered number: 04414257)

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 director and authorised for issue on 25 October 2024 and were signed by:





Mr J Gisbourne - Director


J. Gisbourne Commercials Limited (Registered number: 04414257)

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

1. STATUTORY INFORMATION

J. Gisbourne Commercials 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.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

J. Gisbourne Commercials Limited (Registered number: 04414257)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 167,993 59,295 36,744 264,032
Additions 2,644 - 992 3,636
At 30 April 2024 170,637 59,295 37,736 267,668
DEPRECIATION
At 1 May 2023 129,881 17,665 25,679 173,225
Charge for year 10,130 14,466 2,828 27,424
At 30 April 2024 140,011 32,131 28,507 200,649
NET BOOK VALUE
At 30 April 2024 30,626 27,164 9,229 67,019
At 30 April 2023 38,112 41,630 11,065 90,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 297,929 316,264
Other debtors 271,713 125,636
569,642 441,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 192 2,113
Trade creditors 153,797 209,002
Taxation and social security 162,586 146,588
Other creditors 34,059 19,727
360,634 387,430

J. Gisbourne Commercials Limited (Registered number: 04414257)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,834 20,833
Hire purchase contracts - 192
10,834 21,025

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,755 17,254

Deferred
tax
£   
Balance at 1 May 2023 17,254
Provided during year (499 )
Balance at 30 April 2024 16,755