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REGISTERED NUMBER: SC140165 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

WILSON GIBB MANAGEMENT SERVICES LIMITED

WILSON GIBB MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: SC140165)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Income Statement 2

Balance Sheet 3

Statement of Changes in Equity 5

Notes to the Financial Statements 6


WILSON GIBB MANAGEMENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: Mr D Gibb





REGISTERED OFFICE: 31-33 Albert Street
Motherwell
Lanarkshire
ML1 1PR





REGISTERED NUMBER: SC140165 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

WILSON GIBB MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: SC140165)

INCOME STATEMENT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 7,799,822 7,210,055

Cost of sales 7,173,158 6,721,136
GROSS PROFIT 626,664 488,919

Administrative expenses 429,149 462,817
OPERATING PROFIT 197,515 26,102

Intergroup balance written off 4 (611,921 ) -
Gain on sale of investment 4 - 181,521
(414,406 ) 207,623

Interest receivable and similar income 24,749 11,691
(LOSS)/PROFIT BEFORE TAXATION 5 (389,657 ) 219,314

Tax on (loss)/profit 60,000 17,790
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (449,657 ) 201,524

WILSON GIBB MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: SC140165)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 109,526 206,222
Investments 8 610,833 510,833
720,359 717,055

CURRENT ASSETS
Debtors 9 2,631,344 2,353,309
Cash at bank 904,311 1,456,880
3,535,655 3,810,189
CREDITORS
Amounts falling due within one year 10 2,401,029 2,222,602
NET CURRENT ASSETS 1,134,626 1,587,587
TOTAL ASSETS LESS CURRENT LIABILITIES 1,854,985 2,304,642

CREDITORS
Amounts falling due after more than one year 11 84,849 84,849
NET ASSETS 1,770,136 2,219,793

CAPITAL AND RESERVES
Called up share capital 36,000 36,000
Share premium 414,000 414,000
Retained earnings 1,320,136 1,769,793
SHAREHOLDERS' FUNDS 1,770,136 2,219,793

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

WILSON GIBB MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: SC140165)

BALANCE SHEET - continued
30TH SEPTEMBER 2024



The financial statements were approved by the director and authorised for issue on 26th June 2025 and were signed by:





Mr D Gibb - Director


WILSON GIBB MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: SC140165)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1st October 2022 36,000 1,568,269 414,000 2,018,269

Changes in equity
Total comprehensive income - 201,524 - 201,524
Balance at 30th September 2023 36,000 1,769,793 414,000 2,219,793

Changes in equity
Total comprehensive loss - (449,657 ) - (449,657 )
Balance at 30th September 2024 36,000 1,320,136 414,000 1,770,136

WILSON GIBB MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: SC140165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Wilson Gibb Management Services 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 accounts are provisional, amended accounts will be submitted in due course.

Turnover
Turnover represents invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company earns the right to a consideration.

Goodwill
The company's policy is to write off purchased goodwill and franchise acquisition costs evenly over the remaining life of the franchise acquired, to a maximum of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the period are charged in the profit and loss account.

WILSON GIBB MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: SC140165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 35 ) .

4. EXCEPTIONAL ITEMS
2024 2023
£    £   
Intergroup balance written off (611,921 ) -
Gain on sale of investment - 181,521
(611,921 ) 181,521

5. (LOSS)/PROFIT BEFORE TAXATION

The loss (2023 - profit) is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 36,508 68,740

6. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 472,910 17,413 490,323
AMORTISATION
At 1st October 2023
and 30th September 2024 472,910 17,413 490,323
NET BOOK VALUE
At 30th September 2024 - - -
At 30th September 2023 - - -

WILSON GIBB MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: SC140165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


7. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st October 2023 198,934 380,112 579,046
Disposals - (107,001 ) (107,001 )
Impairments (198,934 ) - (198,934 )
At 30th September 2024 - 273,111 273,111
DEPRECIATION
At 1st October 2023 198,934 173,890 372,824
Charge for year - 36,508 36,508
Eliminated on disposal - (46,813 ) (46,813 )
Impairments (198,934 ) - (198,934 )
At 30th September 2024 - 163,585 163,585
NET BOOK VALUE
At 30th September 2024 - 109,526 109,526
At 30th September 2023 - 206,222 206,222

8. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment Bonds 400,000 400,000
Other Investments 210,833 110,833
610,833 510,833

The opening investment bonds comprise two separate tranches of £147,000 each, one with a 3 year bond term at 12.5% coupon rate per annum and the other with a 5 year bond term at 12% coupon rate per annum and three tranches of £100,000, £120,000 and £500,000, which have various terms and rates.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 843,224 713,456
Amounts owed by associates 1,134,655 374,467
Other debtors 653,465 1,265,386
2,631,344 2,353,309

WILSON GIBB MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: SC140165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,108 50,000
Trade creditors 115,808 115,808
Tax 131,702 96,749
Social security and other taxes 1,679,382 1,627,746
Other creditors 190,567 88,837
Accruals and deferred income 243,462 243,462
2,401,029 2,222,602

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Due to group undertakings 84,849 84,849

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Gibb.