| Registered Number:10379744 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
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
CJ Gibbs & Sons Limited
Statement of Financial Position
2023
2024
2,000
3,000
2
| Property, plant and equipment |
206,331
202,581
3
208,331
205,581
-
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
100
100
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. |
| 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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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
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
| The presentation currency is £ sterling. |
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
Computer Equipment
Motor Vehicles
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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For the year ended 30 September 2024
CJ Gibbs & Sons Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
10,000
10,000
7,000
1,000
Charge for year
8,000
2,000
3,000
| 3. Property, plant and equipment |
Motor Vehicles
307,808
3,649
2,542
86,882
214,735
80,243
2,531
-
38,333
39,379
-
-
(29,087)
-
(29,087)
96,128
2,542
6,180
358,964
254,114
| Provision for depreciation and impairment |
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)
-
152,633
3,764
2,352
30,835
115,682
138,432
65,293
190
2,416
206,331
145,202
56,434
253
692
202,581
2023
2024
159,560
-
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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
10,500
13,950
1,170
-
| Taxation and social security |
103,206
51,555
128,204
91,206
243,080
156,711
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
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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