GIBSON TRAINING AND CARE LIMITED


Directors	Mrs D M M Morrison
	Cllr A Clark
	Ms F Finlay
	Reverend G Beebee
	Councillor J A Liston


Registered Address	Units 12 & 14, Fife Renewable & Innovation Centre Ajax Way
	Methil
	Leven
	KY8 3RS


Registered Number	SC331626 (Scotland)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,317		1,742
			1,317		1,742
Current assets
Debtors	4	134,393		121,896
Cash at bank and on hand		61,281		45,786
		195,674		167,682
Creditors amounts falling due within one year	5	(196,660)		(201,518)
Net current assets (liabilities)			(986)		(33,836)
Total assets less current liabilities			331		(32,094)
Provisions for liabilities			(250)		(331)
Net assets			81		(32,425)
Capital and reserves
Called up share capital			1		1
Profit and loss account			80		(32,426)
Shareholders' funds			81		(32,425)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 14 August 2025, and are signed on its behalf by:

Mrs D M M Morrison
Director
Registered Company No. SC331626

GIBSON TRAINING AND CARE LIMITED

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The directors believe that the financial statements should be prepared on a going concern basis as they understand that continued support will be provided by the parent charity and the company continues to assess performance against budget. In view of this the directors consider that it remains appropriate to prepare the financial statements on a going concern basis.

	Turnover policy
	Turnover represents amounts receivable for services net of vat. Income is earned under a wide variety of contracts and revenue is recognised as earned on provision of the service. Unpaid amounts for services provided are included in debtors. 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.

Turnover policy

Turnover represents amounts receivable for services net of vat. Income is earned under a wide variety of
contracts and revenue is recognised as earned on provision of the service. Unpaid amounts for services provided
are included in debtors.
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.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.

	Current 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.

Current 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 between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	10
	Office Equipment	3

	Finance leases and hire purchase contracts
	Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	51		47

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 February 24	1,751	6,570	8,321
Additions	-	426	426
At 31 January 25	1,751	6,996	8,747
Depreciation and impairment
At 01 February 24	1,548	5,031	6,579
Charge for year	28	823	851
At 31 January 25	1,576	5,854	7,430
Net book value
At 31 January 25	175	1,142	1,317
At 31 January 24	203	1,539	1,742

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	131,885	118,423
Prepayments and accrued income	2,508	3,473
Total	134,393	121,896

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,595	4,977
Taxation and social security	17,093	12,850
Other creditors	104	26,787
Accrued liabilities and deferred income	176,868	156,904
Total	196,660	201,518

6.	Capital commitments
	Minimum lease payments under non-cancellable operating leases fall within one year £2,044 (2024: £2,044) and between one and five years £1,533 (2024: £3,577).

7.	Related party transactions
	Gibson Training and Care Limited is a wholly owned subsidiary of The Gibson House St Andrews SCIO (Charity no SC050299), a charitable trust recognised in Scotland. In the year to 31 January 2025 Gibson Training and Care Limited made loan repayments to The Gibson House St Andrews SCIO amounting to £26,613 (2024 - £60,000) which includes loan interest of £104 (2024 - £250). As at 31 January 2025 the balance due to The Gibson House St Andrews SCIO in the form of loans is £104 (2024- £26,613) and is included within creditors due in less than and greater than one year in these financial statements.

Related party transactions

Gibson Training and Care Limited is a wholly owned subsidiary of The Gibson House St Andrews SCIO (Charity no SC050299), a charitable trust recognised in Scotland.
In the year to 31 January 2025 Gibson Training and Care Limited made loan repayments to The Gibson House St Andrews SCIO amounting to £26,613 (2024 - £60,000) which includes loan interest of £104 (2024 - £250).
As at 31 January 2025 the balance due to The Gibson House St Andrews SCIO in the form of loans is £104 (2024- £26,613) and is included within creditors due in less than and greater than one year in these financial statements.