2023-06-01 2024-05-31 01719406 J.R. GILBERT ENGINEERING LIMITED false 01719406 2023-06-01 2024-05-31 01719406 uk-bus:Director1 2023-06-01 2024-05-31 01719406 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 01719406 uk-bus:SmallEntities 2023-06-01 2024-05-31 01719406 uk-bus:FullAccounts 2023-06-01 2024-05-31 01719406 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01719406 2023-06-01 01719406 2024-05-31 01719406 2023-05-31 xbrli:pure iso4217:GBP 01719406 2022-06-01 2023-05-31
Company Registration Number : 01719406 (England and Wales)
01719406
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-05-31
false
J.R. GILBERT ENGINEERING LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-06-01
J.R. GILBERT ENGINEERING LIMITED
Unaudited filleted financial statements
For the year ended 31 May 2024
J.R. GILBERT ENGINEERING LIMITED
Contents
For the year ended 31 May 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


J.R. GILBERT ENGINEERING LIMITED
Company Information
For the year ended 31 May 2024

Company registration number 01719406 (England and Wales)
Director C P Beavis
Registered office address Unit 2 Bryn Brithdir
Oakdale Business Park
Blackwood
NP12 4AA
UK
Accountant Phil Bessant Limited
Chartered Management Accountants
Agincourt House
14 Clytha Park Road
Newport
NP20 4PB
UK
J.R. GILBERT ENGINEERING LIMITED
Statement of Financial Position
For the year ended 31 May 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets - 36,798
Property, plant and equipment 732,499 723,144
Investments 1,290 1,290
5 733,789 761,232
Current assets
Inventories 135,205 179,794
Debtors 882,794 899,576
Cash and cash equivalents 108,334 56,102
1,126,333 1,135,472
Current liabilities
Creditors: Amounts falling due within one year (1,107,966) (1,054,212)
(1,107,966) (1,054,212)
Net current assets/(liabilities) 18,367 81,260
Total assets less current liabilities 752,156 842,492
Non-current liabilities
Creditors: Amounts falling due after more than one year (262,499) (346,624)
Provision for liabilities (24,086) (24,086)
Net assets/(liabilities) 465,571 471,782
Capital and reserves
Called up share capital 3,375 3,375
Share Premium 1,500 1,500
Other reserve 1,500 1,500
Retained earnings 459,196 465,407
Shareholder's funds 465,571 471,782
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 July 2024
.............................
C P Beavis (Director)
Company registration number: 01719406
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-05-31 31 May 2024
2024 2023
£ £
Fixed Assets 733,789 761,232
Current Assets 1,119,670 1,119,817
Prepayments and accrued income 6,663 15,655
Creditors: amounts falling due within one year (1,107,966) (1,054,212)
Net current assets (liabilities) 18,367 81,260
Total assets less current liabilities 752,156 842,492
CREDITORS: Amounts falling due more than one year (262,499) (346,624)
Provisions for liabilities (24,086) (24,086)
Net Assets (liabilities) 465,571 471,782
Capital and Reserves 465,571 471,782
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-05-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 19 July 2024 2024-07-19 and signed on behalf of the board,
.............................
C P Beavis
Director
Company registration number: 01719406
J.R. GILBERT ENGINEERING LIMITED
Notes to the Financial Statements
For the year ended 31 May 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 2 Bryn Brithdir, Oakdale Business Park, Blackwood, Wales, NP12 4AA.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 10 years years. Goodwill amortisation is included within administration expenses.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery5% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings10% straight line
Equipment25% straight line
Motor Cars25% reducing balance
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 15 (2023 : 1).

(5) Fixed assets
Intangible

£
Tangible

£
Investments

£
Totals

£
Cost
As at 01 June 2023187,9871,614,5291,2901,803,806
Additions-123,939-123,939
As at 31 May 2024187,9871,738,4681,2901,927,745
Depreciation/Amortisation
As at 01 June 2023151,189891,385-1,042,574
For the year36,798114,584-151,382
As at 31 May 2024187,9871,005,969-1,193,956
Net book value
As at 31 May 2024-732,4991,290733,789
As at 31 May 202336,798723,1441,290761,232