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
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
GIBBONS GROUNDWORKS LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
66,372
80,778
Cash at bank and in hand
78
34,944
Creditors: amounts falling due within one year
(57,579)
(103,307)
Net current assets
31,946
21,692
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
GIBBONS GROUNDWORKS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 August 2024
77,455
44,271
121,726
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
At 31 August 2024
47,348
19,024
66,372
At 31 August 2023
56,999
23,779
80,778
GIBBONS GROUNDWORKS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Other debtors
86,449
89,757
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
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).