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Company Registration No. 13068086 (England and Wales)
Gibson Foods Limited Unaudited accounts for the year ended 31 December 2024
Gibson Foods Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gibson Foods Limited Company Information for the year ended 31 December 2024
Directors
Daniel Gibson Brian Gibson
Company Number
13068086 (England and Wales)
Registered Office
Unit 3b Marquis Court Team Valley Trading Estate Gateshead Tyne and Wear NE11 0RU England
Accountants
Abacus Accounting (NE) Limited 3a Blue Sky Way Monkton Business Park South Hebburn Tyne and Wear NE31 2EQ
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Gibson Foods Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
336,824 
384,942 
Investments
5
100 
100 
336,924 
385,042 
Current assets
Cash at bank and in hand
- 
2,963 
Creditors: amounts falling due within one year
6
- 
(215,794)
Net current liabilities
- 
(212,831)
Total assets less current liabilities
336,924 
172,211 
Creditors: amounts falling due after more than one year
7
(301,540)
(305,200)
Net assets/(liabilities)
35,384 
(132,989)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
35,284 
(133,089)
Shareholders' funds
35,384 
(132,989)
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Daniel Gibson Director Company Registration No. 13068086
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Gibson Foods Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Gibson Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 13068086. The registered office is Unit 3b Marquis Court, Team Valley Trading Estate, Gateshead, Tyne and Wear, NE11 0RU, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
481,178 
At 31 December 2024
481,178 
Amortisation
At 1 January 2024
96,236 
Charge for the year
48,118 
At 31 December 2024
144,354 
Net book value
At 31 December 2024
336,824 
At 31 December 2023
384,942 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
100 
Valuation at 31 December 2024
100 
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Gibson Foods Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
- 
207,760 
Other creditors
- 
8,034 
- 
215,794 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
160,173 
250,000 
Loans from directors
141,367 
55,200 
301,540 
305,200 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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