Company Registration No. 14861331 (England and Wales)
Gibbs Building Solutions Ltd
Unaudited accounts
for the year ended 31 May 2025
Gibbs Building Solutions Ltd
Unaudited accounts
Contents
Gibbs Building Solutions Ltd
Company Information
for the year ended 31 May 2025
Company Number
14861331 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
United Kingdom
PO16 0EN
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Gibbs Building Solutions Ltd
Accountants' report
Accountants' report to the director of Gibbs Building Solutions Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Gibbs Building Solutions Ltd for the year ended
31 May 2025 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gibbs Building Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gibbs Building Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gibbs Building Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gibbs Building Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gibbs Building Solutions Ltd. You consider that Gibbs Building Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gibbs Building Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
19 July 2025
Gibbs Building Solutions Ltd
Statement of financial position
as at 31 May 2025
Cash at bank and in hand
10,736
5,676
Creditors: amounts falling due within one year
(97,836)
(36,939)
Net current liabilities
(4,201)
(590)
Called up share capital
18
18
Profit and loss account
3,719
-
Shareholders' funds
3,737
18
For the year ending 31 May 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 July 2025 and were signed on its behalf by
Richard Gibbs
Director
Company Registration No. 14861331
Gibbs Building Solutions Ltd
Notes to the Accounts
for the year ended 31 May 2025
Gibbs Building Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14861331. The registered office is 203 West Street, Fareham, Hampshire, United Kingdom, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Computer equipment
33% Straight Line
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 May 2025
9,480
763
10,243
Charge for the year
1,896
254
2,150
At 31 May 2025
1,896
409
2,305
At 31 May 2025
7,584
354
7,938
Gibbs Building Solutions Ltd
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Trade debtors
82,535
28,728
Accrued income and prepayments
364
1,945
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,932
2,000
Taxes and social security
8,355
6,140
Other creditors
7,364
2,178
Loans from directors
51,071
9,552
Allotted, called up and fully paid:
18 Ordinary shares of £1 each
18
18
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(9,552)
(88,876)
(47,357)
(51,071)
(9,552)
(88,876)
(47,357)
(51,071)
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).