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REGISTERED NUMBER: 07535378 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2024

for

G.P. Burners (CIB) Ltd

G.P. Burners (CIB) Ltd (Registered number: 07535378)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G.P. Burners (CIB) Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D L Goulding
R Pancolini
F Pancolini





REGISTERED OFFICE: Hermes House
Fire Fly Avenue
Swindon
Wiltshire
SN2 2GA





REGISTERED NUMBER: 07535378 (England and Wales)

G.P. Burners (CIB) Ltd (Registered number: 07535378)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,608 34,097
33,608 34,097

CURRENT ASSETS
Stocks 240,828 342,534
Debtors 6 563,902 264,944
Cash at bank and in hand 623,245 734,260
1,427,975 1,341,738
CREDITORS
Amounts falling due within one year 7 497,412 563,561
NET CURRENT ASSETS 930,563 778,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,171

812,274

PROVISIONS FOR LIABILITIES 42,482 8,524
NET ASSETS 921,689 803,750

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Retained earnings 911,589 793,650
921,689 803,750

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 23 June 2025 and were signed on its behalf by:





D L Goulding - Director


G.P. Burners (CIB) Ltd (Registered number: 07535378)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

G.P. Burners (CIB) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on straight line basis
Office equipment - 20% on straight line basis

Depreciation is charged from when asset is bought into use.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Provision is made for any foreseeable losses where appropriate. No element of profit is included in valuation of work in progress.


G.P. Burners (CIB) Ltd (Registered number: 07535378)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 75,000
AMORTISATION
At 1 January 2024
and 31 December 2024 75,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

G.P. Burners (CIB) Ltd (Registered number: 07535378)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024 - 48,337 21,771 70,108
Additions 8,155 - - 8,155
At 31 December 2024 8,155 48,337 21,771 78,263
DEPRECIATION
At 1 January 2024 - 17,686 18,325 36,011
Charge for year - 7,386 1,258 8,644
At 31 December 2024 - 25,072 19,583 44,655
NET BOOK VALUE
At 31 December 2024 8,155 23,265 2,188 33,608
At 31 December 2023 - 30,651 3,446 34,097

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 540,760 244,326
Called up share capital not paid 10,000 10,000
Prepayments 13,142 10,618
563,902 264,944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,070 26,245
Amounts owed to group undertakings 137,054 216,814
Tax 95,257 59,374
Social security and other taxes 7,018 6,782
VAT 101,610 47,762
Other creditors 11,020 10,864
Accruals and deferred income 99,383 195,720
497,412 563,561

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 2,284

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Iain Black (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

G.P. Burners (CIB) Ltd (Registered number: 07535378)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. RELATED PARTY DISCLOSURES

CIB Unigas S.p.A. is the parent company of G.P. Burners (CIB) Limited. During the year they provided goods to the value of £994,818 (2023: £993,118) and services to the value of £31,050 (2023: £31,400).

The amount due to the related party at the balance sheet date was £137,754 (2023: £216,814).

11. POST BALANCE SHEET EVENTS

On 27th March 2025, G.P. Burners (CIB) Ltd completed on the purchases of the current office premises (Unit 2D Hargreaves Road, Groundswell Industrial Estate) from the Parent Company CIB Unigas S.p.A.

The purchase price was agreed between G.P. Burners and CIB Unigas S.p.A. at £395,600. This amount is payable within 4 equal instalments, with the first payment (£98,900) due on completion and three additional payments of £98,900 due on 30/04/2025, 31/07/2025 and 31/10/2025.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is CIB Unigas S.p.A., a company registered in Italy. This company is the smallest group for which consolidated financial statements are drawn up of which the company is a member.

A copy of the consolidated financial statements can be obtained from CIB Unigas S.p.A. at via Luigi Galvani 9, 35011 Campodarsego PD, Italy.