REGISTERED NUMBER: 08932535 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Gibson's Farm Shop Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Gibson

J Gibson

REGISTERED OFFICE:

Dane John Works

Gordon Road

Canterbury

Kent

CT1 3PP

REGISTERED NUMBER:

08932535 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

4

351,141

224,612

CURRENT ASSETS

Stocks

5

62,500

48,250

Debtors

6

671,130

663,153

Cash at bank

371,875

188,971

1,105,505

900,374

CREDITORS

Amounts falling due within one year

7

601,112

560,205

NET CURRENT ASSETS

504,393

340,169

TOTAL ASSETS LESS CURRENT LIABILITIES

855,534

564,781

CREDITORS

Amounts falling due after more than one year

8

(275,543

)

(87,561

)

PROVISIONS FOR LIABILITIES

(65,049

)

(41,846

)

NET ASSETS

514,942

435,374

CAPITAL AND RESERVES

Called up share capital

450

450

Retained earnings

514,492

434,924

SHAREHOLDERS' FUNDS

514,942

435,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 10 September 2025 and were signed on its behalf by:

A Gibson - Director

1.	STATUTORY INFORMATION

Gibson's Farm Shop Limited 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 50 (2024 - 46 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

67,578

194,179

126,609

Additions

-

292,110

-

Disposals

-

(143,000

)

(4,705

)

At 31 March 2025

67,578

343,289

121,904

DEPRECIATION

At 1 April 2024

-

54,763

109,074

Charge for year

-

41,605

10,015

Eliminated on disposal

-

(11,450

)

(4,708

)

At 31 March 2025

-

84,918

114,381

NET BOOK VALUE

At 31 March 2025

67,578

258,371

7,523

At 31 March 2024

67,578

139,416

17,535

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

64,284

608

453,258

Additions

22,649

909

315,668

Disposals

-

-

(147,705

)

At 31 March 2025

86,933

1,517

621,221

DEPRECIATION

At 1 April 2024

64,284

525

228,646

Charge for year

5,662

310

57,592

Eliminated on disposal

-

-

(16,158

)

At 31 March 2025

69,946

835

270,080

NET BOOK VALUE

At 31 March 2025

16,987

682

351,141

At 31 March 2024

-

83

224,612

5.

STOCKS

2025

2024

£

£

Stocks

62,500

48,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,184

3,479

Amounts owed by participating interests

641,005

647,788

Prepayments

26,941

11,886

671,130

663,153

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

199,715

187,782

Tax

28,078

690

Social security and other taxes

14,560

16,613

VAT

16,390

12,699

Other creditors

31,187

21,813

Netwages payable

65,296

59,012

Pension payable

3,839

3,901

Directors' current accounts

209,959

227,166

Accrued expenses

32,088

30,529

601,112

560,205

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Payable to former director

133,759

-

Hire purchase

128,700

64,291

Bounce back loan

13,084

23,270

275,543

87,561

9.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party with Mr A Gibson, Mr J Gibson and Mr M Gibson all being directors and equal shareholders.