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Company Registration No. 12809711 (England and Wales)
GIBBONS GROUNDWORKS LIMITED Unaudited accounts for the year ended 31 August 2024
GIBBONS GROUNDWORKS LIMITED Unaudited accounts Contents
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GIBBONS GROUNDWORKS LIMITED Company Information for the year ended 31 August 2024
Directors
James Gibbons Jerry Gibbons
Company Number
12809711 (England and Wales)
Registered Office
46 RUNFOLD AVENUE 46 LUTON LU3 2EJ ENGLAND
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GIBBONS GROUNDWORKS LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,372 
80,778 
Current assets
Debtors
89,447 
90,055 
Cash at bank and in hand
78 
34,944 
89,525 
124,999 
Creditors: amounts falling due within one year
(57,579)
(103,307)
Net current assets
31,946 
21,692 
Net assets
98,318 
102,470 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
98,316 
102,468 
Shareholders' funds
98,318 
102,470 
For the year ending 31 August 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 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 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 of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by
Jerry Gibbons Director Company Registration No. 12809711
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GIBBONS GROUNDWORKS LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
GIBBONS GROUNDWORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12809711. The registered office is 46 RUNFOLD AVENUE 46, LUTON, LU3 2EJ, ENGLAND.
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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
75,270 
44,271 
119,541 
Additions
2,185 
- 
2,185 
At 31 August 2024
77,455 
44,271 
121,726 
Depreciation
At 1 September 2023
18,271 
20,492 
38,763 
Charge for the year
11,836 
4,755 
16,591 
At 31 August 2024
30,107 
25,247 
55,354 
Net book value
At 31 August 2024
47,348 
19,024 
66,372 
At 31 August 2023
56,999 
23,779 
80,778 
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GIBBONS GROUNDWORKS LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,998 
298 
Other debtors
86,449 
89,757 
89,447 
90,055 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
19,674 
34,043 
Taxes and social security
2,405 
33,764 
Loans from directors
35,500 
35,500 
57,579 
103,307 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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