IRIS Accounts Production v24.2.0.383 01680848 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016808482023-03-31016808482024-03-31016808482023-04-012024-03-31016808482022-03-31016808482022-04-012023-03-31016808482023-03-3101680848ns15:EnglandWales2023-04-012024-03-3101680848ns14:PoundSterling2023-04-012024-03-3101680848ns10:Director12023-04-012024-03-3101680848ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101680848ns10:SmallEntities2023-04-012024-03-3101680848ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101680848ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101680848ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101680848ns10:FullAccounts2023-04-012024-03-3101680848ns10:OrdinaryShareClass12023-04-012024-03-3101680848ns10:CompanySecretary12023-04-012024-03-3101680848ns10:RegisteredOffice2023-04-012024-03-3101680848ns5:CurrentFinancialInstruments2024-03-3101680848ns5:CurrentFinancialInstruments2023-03-3101680848ns5:ShareCapital2024-03-3101680848ns5:ShareCapital2023-03-3101680848ns5:RetainedEarningsAccumulatedLosses2024-03-3101680848ns5:RetainedEarningsAccumulatedLosses2023-03-3101680848ns5:PlantMachinery2023-04-012024-03-3101680848ns5:FurnitureFittings2023-04-012024-03-3101680848ns5:MotorVehicles2023-04-012024-03-3101680848ns5:ComputerEquipment2023-04-012024-03-3101680848ns5:PlantMachinery2023-03-3101680848ns5:FurnitureFittings2023-03-3101680848ns5:MotorVehicles2023-03-3101680848ns5:ComputerEquipment2023-03-3101680848ns5:PlantMachinery2024-03-3101680848ns5:FurnitureFittings2024-03-3101680848ns5:MotorVehicles2024-03-3101680848ns5:ComputerEquipment2024-03-3101680848ns5:PlantMachinery2023-03-3101680848ns5:FurnitureFittings2023-03-3101680848ns5:MotorVehicles2023-03-3101680848ns5:ComputerEquipment2023-03-3101680848ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101680848ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3101680848ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 01680848 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

P A Gibbs Limited

P A Gibbs Limited (Registered number: 01680848)






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


P A Gibbs Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P A Gibbs





SECRETARY: P A Fiorini





REGISTERED OFFICE: Suite 15 The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH





REGISTERED NUMBER: 01680848 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Ltd
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

P A Gibbs Limited (Registered number: 01680848)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 45,945 28,206

CURRENT ASSETS
Debtors 5 72,573 69,700
Cash at bank 20,297 90,613
92,870 160,313
CREDITORS
Amounts falling due within one year 6 (34,437 ) (86,478 )
NET CURRENT ASSETS 58,433 73,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,378

102,041

PROVISIONS FOR LIABILITIES (8,730 ) (5,322 )
NET ASSETS 95,648 96,719

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 95,548 96,619
SHAREHOLDERS' FUNDS 95,648 96,719

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 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.

P A Gibbs Limited (Registered number: 01680848)

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 director and authorised for issue on 14 October 2024 and were signed by:





P A Gibbs - Director


P A Gibbs Limited (Registered number: 01680848)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

P A Gibbs 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 - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% 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.

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 1 (2023 - 1 ) .

P A Gibbs Limited (Registered number: 01680848)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 74,305 4,736 68,349 7,685 155,075
Additions - - 38,156 - 38,156
Disposals - - (29,723 ) - (29,723 )
At 31 March 2024 74,305 4,736 76,782 7,685 163,508
DEPRECIATION
At 1 April 2023 63,933 4,736 50,515 7,685 126,869
Charge for year 2,583 - 5,945 - 8,528
Eliminated on disposal - - (17,834 ) - (17,834 )
At 31 March 2024 66,516 4,736 38,626 7,685 117,563
NET BOOK VALUE
At 31 March 2024 7,789 - 38,156 - 45,945
At 31 March 2023 10,372 - 17,834 - 28,206

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 60,698 57,825
s455 Tax recoverable 2,375 2,375
63,073 60,200

Amounts falling due after more than one year:
Directors' loan accounts 9,500 9,500

Aggregate amounts 72,573 69,700

P A Gibbs Limited (Registered number: 01680848)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,148 57,391
PAYE/NI liability 3,025 3,249
VAT 2,820 20,230
Credit card 2,075 2,615
Wages control account 3,425 -
Directors' current accounts 145 145
Accruals and deferred income 2,799 2,848
34,437 86,478

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The company was under the control of P A Gibbs.