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REGISTERED NUMBER: SC203293 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 March 2024

for

GIBB ARCHITECTS LIMITED

GIBB ARCHITECTS LIMITED (REGISTERED NUMBER: SC203293)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIBB ARCHITECTS LIMITED

Company Information
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTORS: Gordon Gibb
Deborah Ann Gibb



SECRETARY: Frances Schoppler



REGISTERED OFFICE: 6th Floor,
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC203293 (Scotland)



ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: Bank of Scotland
Park House
Park Circus Place
Glasgow
G3 6AN

GIBB ARCHITECTS LIMITED (REGISTERED NUMBER: SC203293)

Balance Sheet
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,225 10,766

CURRENT ASSETS
Debtors 5 948,153 767,976

CREDITORS
Amounts falling due within one year 6 187,756 168,765
NET CURRENT ASSETS 760,397 599,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

769,622

609,977

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 769,522 609,877
SHAREHOLDERS' FUNDS 769,622 609,977

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

GIBB ARCHITECTS LIMITED (REGISTERED NUMBER: SC203293)

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 28 March 2025 and were signed on its behalf by:





Gordon Gibb - Director


GIBB ARCHITECTS LIMITED (REGISTERED NUMBER: SC203293)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 MARCH 2024

1. STATUTORY INFORMATION

Gibb Architects Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.
Improvements to property - 5% on a straight line basis
Office Equipment - 20% on a reducing balance basis
Fixtures and fittings - 20% on a reducing balance basis
Computer equipment - 33% on a straight line basis

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

GIBB ARCHITECTS LIMITED (REGISTERED NUMBER: SC203293)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Office and Computer
property Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 31 March 2023 12,000 30,929 17,057 49,068 109,054
Additions - 1,150 - - 1,150
At 30 March 2024 12,000 32,079 17,057 49,068 110,204
DEPRECIATION
At 31 March 2023 8,400 24,551 16,657 48,680 98,288
Charge for year 600 1,606 98 387 2,691
At 30 March 2024 9,000 26,157 16,755 49,067 100,979
NET BOOK VALUE
At 30 March 2024 3,000 5,922 302 1 9,225
At 30 March 2023 3,600 6,378 400 388 10,766

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 191,779 153,547
Amounts owed by associates 756,374 614,429
948,153 767,976

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,911 9,721
Trade creditors 12,561 12,178
Taxation and social security 153,505 143,391
Other creditors 4,779 3,475
187,756 168,765