Company registration number 08939758 (England and Wales)
D A GIBBONS BUILDERS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
D A GIBBONS BUILDERS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
D A GIBBONS BUILDERS LTD (REGISTERED NUMBER: 08939758)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,963
14,828
Current assets
Debtors
4
719
2,816
Cash at bank and in hand
4,791
6,178
5,510
8,994
Creditors: amounts falling due within one year
5
(17,617)
(8,971)
Net current (liabilities)/assets
(12,107)
23
Total assets less current liabilities
(1,144)
14,851
Provisions for liabilities
-
0
(2,818)
Net (liabilities)/assets
(1,144)
12,033
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(1,244)
11,933
Total equity
(1,144)
12,033

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 13 November 2024 and are signed on its behalf by:
Mr D A Gibbons
Director
D A GIBBONS BUILDERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

D A Gibbons Builders LTD is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor (Right) Downe House, 303 High Street, Orpington, Kent, United Kingdom, BR6 0NN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, which is of building services.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on reducing balance
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

D A GIBBONS BUILDERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
616
2,508
20,995
24,119
Additions
-
0
150
-
0
150
Disposals
-
0
(120)
-
0
(120)
At 31 March 2024
616
2,538
20,995
24,149
Depreciation and impairment
At 1 April 2023
298
2,104
6,889
9,291
Depreciation charged in the year
80
408
3,527
4,015
Eliminated in respect of disposals
-
0
(120)
-
0
(120)
At 31 March 2024
378
2,392
10,416
13,186
Carrying amount
At 31 March 2024
238
146
10,579
10,963
At 31 March 2023
318
404
14,106
14,828
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
540
Other debtors
719
2,276
719
2,816
D A GIBBONS BUILDERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
-
0
168
Other creditors
17,617
8,803
17,617
8,971
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