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Registration number: 07895036

Kriek and Gibson Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Kriek and Gibson Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Kriek and Gibson Ltd

(Registration number: 07895036)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

16,208

32,412

Tangible assets

5

261,290

297,779

 

277,498

330,191

Current assets

 

Stocks

30,234

32,121

Debtors

997,884

741,119

Cash at bank and in hand

 

458,103

622,726

 

1,486,221

1,395,966

Creditors: Amounts falling due within one year

6

(373,138)

(405,224)

Net current assets

 

1,113,083

990,742

Total assets less current liabilities

 

1,390,581

1,320,933

Creditors: Amounts falling due after more than one year

7

(6,668)

(16,667)

Provisions for liabilities

(61,663)

(70,474)

Net assets

 

1,322,250

1,233,792

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

1,322,248

1,233,790

Total equity

 

1,322,250

1,233,792

 

Kriek and Gibson Ltd

(Registration number: 07895036)
Abridged Balance Sheet as at 30 September 2024

For the financial year ending 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 




Mr J Kriek

Director




Dr G R Gibson

Director

 

Kriek and Gibson Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
38 Brighton Road
Banstead
Surrey
SM7 1BT

These financial statements were authorised for issue by the Board on 27 June 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

15 years straight line

Plant & machinery

20% reducing balance

Office equipment

33% straight line

Motor Vechiles

25% reducing balance

 

Kriek and Gibson Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 22).

4

Intangible assets

Total
£

Cost or valuation

At 1 October 2023

162,044

At 30 September 2024

162,044

Amortisation

At 1 October 2023

129,632

Amortisation charge

16,204

At 30 September 2024

145,836

Carrying amount

At 30 September 2024

16,208

At 30 September 2023

32,412

5

Tangible assets

Total
£

Cost or valuation

At 1 October 2023

573,007

Additions

13,235

At 30 September 2024

586,242

Depreciation

At 1 October 2023

275,228

Charge for the year

49,724

At 30 September 2024

324,952

Carrying amount

At 30 September 2024

261,290

At 30 September 2023

297,779

 

Kriek and Gibson Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

6

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,000 (2023 - £10,000).

7

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £6,667 (2023 - £16,667).

8

Related party transactions

Summary of transactions with other related parties

Included within debtors is a loan to Kriek and Gibson Limited for £960,864 (2023:£713,211) which is a related party under common control.