Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Martin Jones 30/04/2022 31 January 2025 no description of principal activity 08667933 2024-08-31 08667933 bus:Director1 2024-08-31 08667933 2023-08-31 08667933 core:CurrentFinancialInstruments 2024-08-31 08667933 core:CurrentFinancialInstruments 2023-08-31 08667933 core:ShareCapital 2024-08-31 08667933 core:ShareCapital 2023-08-31 08667933 core:RetainedEarningsAccumulatedLosses 2024-08-31 08667933 core:RetainedEarningsAccumulatedLosses 2023-08-31 08667933 core:Vehicles 2023-08-31 08667933 core:ComputerEquipment 2023-08-31 08667933 core:Vehicles 2024-08-31 08667933 core:ComputerEquipment 2024-08-31 08667933 2023-09-01 2024-08-31 08667933 bus:FilletedAccounts 2023-09-01 2024-08-31 08667933 bus:SmallEntities 2023-09-01 2024-08-31 08667933 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08667933 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08667933 bus:Director1 2023-09-01 2024-08-31 08667933 core:Vehicles 2023-09-01 2024-08-31 08667933 core:ComputerEquipment 2023-09-01 2024-08-31 08667933 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Company No: 08667933 (England and Wales)

GIBBS ROOFING LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

GIBBS ROOFING LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

GIBBS ROOFING LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2024
GIBBS ROOFING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTOR Martin Jones
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 08667933 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
GIBBS ROOFING LIMITED

BALANCE SHEET

As at 31 August 2024
GIBBS ROOFING LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 9,974 13,298
9,974 13,298
Current assets
Debtors 4 54,505 54,939
Cash at bank and in hand 72,321 57,424
126,826 112,363
Creditors: amounts falling due within one year 5 ( 85,885) ( 93,632)
Net current assets 40,941 18,731
Total assets less current liabilities 50,915 32,029
Net assets 50,915 32,029
Capital and reserves
Called-up share capital 100 100
Profit and loss account 50,815 31,929
Total shareholders' funds 50,915 32,029

For the financial 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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Gibbs Roofing Limited (registered number: 08667933) were approved and authorised for issue by the Director on 31 January 2025. They were signed on its behalf by:

Martin Jones
Director
GIBBS ROOFING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
GIBBS ROOFING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gibbs Roofing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Computer equipment 25 % reducing balance

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Vehicles Computer equipment Total
£ £ £
Cost
At 01 September 2023 20,304 2,990 23,294
At 31 August 2024 20,304 2,990 23,294
Accumulated depreciation
At 01 September 2023 8,883 1,113 9,996
Charge for the financial year 2,855 469 3,324
At 31 August 2024 11,738 1,582 13,320
Net book value
At 31 August 2024 8,566 1,408 9,974
At 31 August 2023 11,421 1,877 13,298

4. Debtors

2024 2023
£ £
Trade debtors 3,000 41,970
Other debtors 51,505 12,969
54,505 54,939

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 36,763 48,093
Taxation and social security 18,162 13,039
Other creditors 30,960 32,500
85,885 93,632

6. Financial commitments

Other financial commitments

2024 2023
£ £
Minimum lease payments under non-cancellable operating leases within one year 0 719

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Advances or credits given 44,152 45,073
Repayments received (42,175) (40,158)

At the year end the balance owing to the company was £23,883 (2023: (£25,861)). Interest is charged on loans at the official rate set by HMRC. The loan to the directors are repayable on demand.