2023-10-01 10379744 2024-09-30 10379744 2023-10-01 2024-09-30 10379744 2023-09-30 10379744 2022-10-01 2023-09-30 10379744 uk-core:WithinOneYear 2023-09-30 10379744 uk-core:WithinOneYear 2024-09-30 10379744 uk-core:AfterOneYear 2023-09-30 10379744 uk-core:AfterOneYear 2024-09-30 10379744 uk-core:ShareCapital 2024-09-30 10379744 uk-core:ShareCapital 2023-09-30 10379744 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 10379744 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 10379744 uk-bus:Director1 2023-10-01 2024-09-30 10379744 uk-core:NetGoodwill 2023-10-01 2024-09-30 10379744 uk-core:PlantMachinery 2023-10-01 2024-09-30 10379744 uk-core:ComputerEquipment 2023-10-01 2024-09-30 10379744 uk-core:MotorVehicles 2023-10-01 2024-09-30 10379744 uk-core:FurnitureFittings 2023-10-01 2024-09-30 10379744 uk-core:Goodwill 2023-09-30 10379744 uk-core:Goodwill 2024-09-30 10379744 uk-core:Goodwill 2023-10-01 2024-09-30 10379744 uk-core:ComputerEquipment 2023-09-30 10379744 uk-core:FurnitureFittings 2023-09-30 10379744 uk-core:MotorVehicles 2023-09-30 10379744 uk-core:PlantMachinery 2023-09-30 10379744 uk-core:MotorVehicles 2024-09-30 10379744 uk-core:FurnitureFittings 2024-09-30 10379744 uk-core:ComputerEquipment 2024-09-30 10379744 uk-core:PlantMachinery 2024-09-30 10379744 uk-core:WithinOneYear 2024-09-30 10379744 uk-core:WithinOneYear 2023-09-30 10379744 uk-core:AfterOneYear uk-core:Secured 2024-09-30 10379744 uk-core:AfterOneYear uk-core:Secured 2023-09-30 iso4217:GBP xbrli:pure 10379744 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10379744 uk-bus:FRS102 2023-10-01 2024-09-30 10379744 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 10379744 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
CJ Gibbs & Sons Limited
Registered Number:10379744
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
CJ Gibbs & Sons Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10379744
As at 30 September 2024
CJ Gibbs & Sons Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
2,000
3,000
2
Property, plant and equipment
206,331
202,581
3
208,331
205,581
Current assets
Inventories
-
159,560
4
120,071
Cash and cash equivalents
78,382
237,942
120,071
Trade and other payables: amounts falling due within one year
(156,711)
(243,080)
5
(36,640)
(5,138)
Net current liabilities
Total assets less current liabilities
203,193
168,941
Trade and other payables: amounts falling due after more than
one year
(11,539)
(4,416)
6
198,777
Net assets
157,402
Capital and reserves
Called up share capital
100
100
Retained earnings
198,677
157,302
198,777
157,402
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Craig Gibbs Director
These financial statements were approved and authorised for issue by the Board on 18 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2024
CJ Gibbs & Sons Limited
Notes to the Financial Statements
Statutory Information
CJ Gibbs & Sons Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 10379744.
Principal place of business:
Anvil Barn
The Stackyard, Clay Lane
St Osyth
Essex
CO16 8HH
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
15% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 30 September 2024
CJ Gibbs & Sons Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2023
10,000
At 30 September 2024
10,000
Amortisation
At 01 October 2023
7,000
1,000
Charge for year
At 30 September 2024
8,000
Net book value
At 30 September 2024
2,000
At 30 September 2023
3,000
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or valuation
At 01 October 2023
307,808
3,649
2,542
86,882
214,735
80,243
2,531
-
38,333
39,379
Additions
-
-
(29,087)
-
Disposals
(29,087)
At 30 September 2024
96,128
2,542
6,180
358,964
254,114
Provision for depreciation and impairment
At 01 October 2023
105,227
2,957
2,289
30,448
69,533
Charge for year
58,542
807
63
11,523
46,149
(11,136)
-
-
(11,136)
-
On disposal
At 30 September 2024
152,633
3,764
2,352
30,835
115,682
At 30 September 2024
Net book value
138,432
65,293
190
2,416
206,331
At 30 September 2023
145,202
56,434
253
692
202,581
4. Inventories
2023
2024
£
£
Stocks
159,560
-
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6
For the year ended 30 September 2024
CJ Gibbs & Sons Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,500
13,950
Trade creditors
1,170
-
Taxation and social security
103,206
51,555
Other creditors
128,204
91,206
243,080
156,711
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
4,416
11,539
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 2)
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