11 May 2023 false No description of principal activity Taxfiler 2024.6 14861331business:PrivateLimitedCompanyLtd2023-05-112024-05-31 148613312023-05-10 148613312023-05-112024-05-31 14861331business:AuditExemptWithAccountantsReport2023-05-112024-05-31 14861331business:FilletedAccounts2023-05-112024-05-31 148613312024-05-31 14861331business:Director12023-05-112024-05-31 14861331business:RegisteredOffice2023-05-112024-05-31 14861331core:WithinOneYear2024-05-31 14861331core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14861331core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14861331core:PreviouslyStatedAmount2024-05-31 14861331business:SmallEntities2023-05-112024-05-31 14861331countries:EnglandWales2023-05-112024-05-31 14861331core:ComputerEquipment2023-05-112024-05-31 14861331core:ComputerEquipment2023-05-10 14861331core:ComputerEquipment2024-05-31 14861331business:OrdinaryShareClass12023-05-112024-05-31 14861331business:Director112023-05-112024-05-31 14861331business:Director112023-05-10 14861331business:Director112024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14861331 (England and Wales)
Gibbs Building Solutions Ltd Unaudited accounts for the period from 11 May 2023 to 31 May 2024
Gibbs Building Solutions Ltd Unaudited accounts Contents
Page
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Gibbs Building Solutions Ltd Company Information for the period from 11 May 2023 to 31 May 2024
Director
Richard Gibbs
Company Number
14861331 (England and Wales)
Registered Office
203 West Street Fareham Hampshire United Kingdom PO16 0EN
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Gibbs Building Solutions Ltd Accountants' report
Accountants' report to the director of Gibbs Building Solutions Ltd on the preparation of the unaudited statutory accounts for the period from 11 May 2023 to 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gibbs Building Solutions Ltd for the period from 11 May 2023 to 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gibbs Building Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gibbs Building Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gibbs Building Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gibbs Building Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gibbs Building Solutions Ltd. You consider that Gibbs Building Solutions Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Gibbs Building Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 11 February 2025
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Gibbs Building Solutions Ltd Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
608 
Current assets
Debtors
30,673 
Cash at bank and in hand
5,676 
36,349 
Creditors: amounts falling due within one year
(29,204)
Net current assets
7,145 
Net assets
7,753 
Capital and reserves
Called up share capital
18 
Profit and loss account
7,735 
Shareholders' funds
7,753 
For the period ending 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board and authorised for issue on 11 February 2025 and were signed on its behalf by
Richard Gibbs Director Company Registration No. 14861331
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Gibbs Building Solutions Ltd Notes to the Accounts for the period from 11 May 2023 to 31 May 2024
1
Statutory information
Gibbs Building Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14861331. The registered office is 203 West Street, Fareham, Hampshire, United Kingdom, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 11 May 2023
- 
Additions
763 
At 31 May 2024
763 
Depreciation
Charge for the period
155 
At 31 May 2024
155 
Net book value
At 31 May 2024
608 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
28,728 
Accrued income and prepayments
1,945 
30,673 
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Gibbs Building Solutions Ltd Notes to the Accounts for the period from 11 May 2023 to 31 May 2024
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
16,622 
Trade creditors
2,000 
Taxes and social security
6,140 
Other creditors
2,178 
Loans from directors
1,817 
Accruals
447 
29,204 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
18 Ordinary shares of £1 each
18 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Richard Gibbs
Director LOan Account
- 
(43,317)
(41,500)
(1,817)
- 
(43,317)
(41,500)
(1,817)
9
Average number of employees
During the period the average number of employees was 2.
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