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REGISTERED NUMBER: 10626719 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FOR

GOBION CONSTRUCTION LTD

GOBION CONSTRUCTION LTD (REGISTERED NUMBER: 10626719)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 April 2023 to 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOBION CONSTRUCTION LTD

COMPANY INFORMATION
for the Period 1 April 2023 to 30 March 2024







DIRECTORS: P J Loftus
P Lynch





SECRETARY: P J Loftus





REGISTERED OFFICE: Arquen House
4-6 Spicer Street
St. Albans
Hertfordshire
AL3 4PQ





REGISTERED NUMBER: 10626719 (England and Wales)





ACCOUNTANTS: Lovetts Accountants Limited
Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP

GOBION CONSTRUCTION LTD (REGISTERED NUMBER: 10626719)

BALANCE SHEET
30 March 2024

30.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 804,758 852,549

CURRENT ASSETS
Debtors 5 3,344,409 2,420,644
Cash at bank and in hand 1,525,376 1,574,023
4,869,785 3,994,667
CREDITORS
Amounts falling due within one year 6 3,609,985 3,634,880
NET CURRENT ASSETS 1,259,800 359,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,064,558

1,212,336

CREDITORS
Amounts falling due after more than one
year

7

131,858

216,660
NET ASSETS 1,932,700 995,676

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,932,600 995,576
SHAREHOLDERS' FUNDS 1,932,700 995,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GOBION CONSTRUCTION LTD (REGISTERED NUMBER: 10626719)

BALANCE SHEET - continued
30 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 Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





P J Loftus - Director


GOBION CONSTRUCTION LTD (REGISTERED NUMBER: 10626719)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

Gobion Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

GOBION CONSTRUCTION LTD (REGISTERED NUMBER: 10626719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 30 March 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 period was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 660,830 162,240 259,740 4,732 1,087,542
Additions 201,925 - - - 201,925
Disposals (72,500 ) - - - (72,500 )
At 30 March 2024 790,255 162,240 259,740 4,732 1,216,967
DEPRECIATION
At 1 April 2023 142,723 6,100 84,350 1,820 234,993
Charge for period 140,616 39,035 43,796 728 224,175
Eliminated on disposal (46,959 ) - - - (46,959 )
At 30 March 2024 236,380 45,135 128,146 2,548 412,209
NET BOOK VALUE
At 30 March 2024 553,875 117,105 131,594 2,184 804,758
At 31 March 2023 518,107 156,140 175,390 2,912 852,549

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 444,000 115,640 559,640
Additions 105,275 - 105,275
Disposals (72,500 ) - (72,500 )
At 30 March 2024 476,775 115,640 592,415
DEPRECIATION
At 1 April 2023 107,639 40,601 148,240
Charge for period 90,785 18,708 109,493
Eliminated on disposal (46,959 ) - (46,959 )
At 30 March 2024 151,465 59,309 210,774
NET BOOK VALUE
At 30 March 2024 325,310 56,331 381,641
At 31 March 2023 336,361 75,039 411,400

GOBION CONSTRUCTION LTD (REGISTERED NUMBER: 10626719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 30 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Trade debtors 659,923 386,108
Other debtors 2,684,486 2,034,536
3,344,409 2,420,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Hire purchase contracts 147,905 125,540
Trade creditors 2,162,641 2,533,788
Taxation and social security 785,123 712,487
Other creditors 514,316 263,065
3,609,985 3,634,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 31.3.23
£    £   
Hire purchase contracts 131,858 216,660