REGISTERED NUMBER: 04598465 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

GIBSON BOOTH BUSINESS SOLUTIONS

& INSOLVENCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTOR:

E C Wetton

SECRETARY:

Mrs A C Bainbridge

REGISTERED OFFICE:

15 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

04598465 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

375,205

269,949

Investments

5

1,608,942

1,098,987

1,984,147

1,368,936

CURRENT ASSETS

Debtors

6

428,836

606,879

Cash at bank

101,881

174,839

530,717

781,718

CREDITORS

Amounts falling due within one year

7

65,649

45,896

NET CURRENT ASSETS

465,068

735,822

TOTAL ASSETS LESS CURRENT LIABILITIES

2,449,215

2,104,758

PROVISIONS FOR LIABILITIES

181,984

155,817

NET ASSETS

2,267,231

1,948,941

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

2,267,230

1,948,940

SHAREHOLDERS' FUNDS

2,267,231

1,948,941

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

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

The director acknowledges his 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 director and authorised for issue on 15th October 2025 and were signed by:

E C Wetton - Director

1.	STATUTORY INFORMATION

Gibson Booth Business Solutions & Insolvency 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

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

When the outcome of a transaction can be estimated reliably, turnover from insolvency services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to amount billed compared to total amount due.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings

- 25% reducing balance

Computer equipment

- 33% reducing balance

Motor vehicles

- 20% reducing balance

No depreciation charge has been calculated on Freehold land & buildings. The continual upkeep and maintenance of the property mean that its useful economic life is indefinite and as such any depreciation would be immaterial.

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.

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 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

227,347

25,542

42,347

40,099

335,335

Additions

-

5,367

116,919

19,169

141,455

At 31st March 2025

227,347

30,909

159,266

59,268

476,790

DEPRECIATION

At 1st April 2024

-

24,129

12,001

29,256

65,386

Charge for year

-

1,160

27,536

7,503

36,199

At 31st March 2025

-

25,289

39,537

36,759

101,585

NET BOOK VALUE

At 31st March 2025

227,347

5,620

119,729

22,509

375,205

At 31st March 2024

227,347

1,413

30,346

10,843

269,949

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1st April 2024

1,098,987

Additions

400,000

Revaluations

109,955

At 31st March 2025

1,608,942

NET BOOK VALUE

At 31st March 2025

1,608,942

At 31st March 2024

1,098,987

Cost or valuation at 31st March 2025 is represented by:

Listed

investments

£

Valuation in 2025

1,608,942

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

900,635

500,635

Fixed asset investments were valued on an open market basis on 31st March 2025 by Nasdaq .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

389,823

526,338

Tax

-

44,076

Prepayments and accrued income

39,013

36,465

428,836

606,879

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

20,062

24,616

Corporation tax

12,978

-

VAT

3,991

17,770

Directors' current accounts

28,618

3,510

65,649

45,896

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gibson Booth Business Solutions & Insolvency Limited for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Gibson Booth Business Solutions & Insolvency Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gibson Booth Business Solutions & Insolvency Limited and state those matters that we have agreed to state to the director of Gibson Booth Business Solutions & Insolvency Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Gibson Booth Business Solutions & Insolvency Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gibson Booth Business Solutions & Insolvency Limited. You consider that Gibson Booth Business Solutions & Insolvency Limited 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 financial statements of Gibson Booth Business Solutions & Insolvency Limited. 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 financial statements.

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

15th October 2025