REGISTERED NUMBER: 04229844 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2025

FOR

GIBBS SANDTECH LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

W E Gibbs

A E Gibbs

REGISTERED OFFICE:

1 Station Road

Braughing

Ware

Hertfordshire

SG11 2PB

REGISTERED NUMBER:

04229844 (England and Wales)

ACCOUNTANTS:

Cook & Partners Limited

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

The directors present their report with the financial statements of the company for the year ended 31st July 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st August 2024 to the date of this report.

W E Gibbs

A E Gibbs

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

W E Gibbs - Director

18th November 2025

FIXED ASSETS

Intangible assets

4

55,005

62,862

Tangible assets

5

1,054,295

974,608

Investments

6

358

358

Investment property

7

1,369,529

1,415,383

2,479,187

2,453,211

CURRENT ASSETS

Stocks

46,500

67,976

Debtors

8

221,165

572,743

Cash at bank

336,006

288,508

603,671

929,227

CREDITORS

Amounts falling due within one year

9

113,823

615,403

NET CURRENT ASSETS

489,848

313,824

TOTAL ASSETS LESS CURRENT LIABILITIES

2,969,035

2,767,035

CREDITORS

Amounts falling due after more than one year

10

(30,037

)

(18,336

)

PROVISIONS FOR LIABILITIES

(81,837

)

(40,789

)

NET ASSETS

2,857,161

2,707,910

CAPITAL AND RESERVES

Called up share capital

952

952

Capital redemption reserve

50

50

Retained earnings

2,856,159

2,706,908

SHAREHOLDERS' FUNDS

2,857,161

2,707,910

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th November 2025 and were signed on its behalf by:

W E Gibbs - Director

1.	STATUTORY INFORMATION

Gibbs Sandtech 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

Accounting convention

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.

Going Concern Justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 July 2025 have been prepared using the going concern basis of accounting.

Revenue

Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed.

Goodwill

Purchased goodwill is regarded as having an indefinite useful economic life and is not amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 15% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st August 2024

and 31st July 2025

78,578

AMORTISATION

At 1st August 2024

15,716

Charge for year

7,857

At 31st July 2025

23,573

NET BOOK VALUE

At 31st July 2025

55,005

At 31st July 2024

62,862

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st August 2024

811,509

490,307

1,301,816

Additions

138,077

38,061

176,138

Disposals

-

(23,620

)

(23,620

)

At 31st July 2025

949,586

504,748

1,454,334

DEPRECIATION

At 1st August 2024

-

327,208

327,208

Charge for year

42,926

51,557

94,483

Eliminated on disposal

-

(21,652

)

(21,652

)

At 31st July 2025

42,926

357,113

400,039

NET BOOK VALUE

At 31st July 2025

906,660

147,635

1,054,295

At 31st July 2024

811,509

163,099

974,608

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st August 2024

and 31st July 2025

358

NET BOOK VALUE

At 31st July 2025

358

At 31st July 2024

358

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st August 2024

and 31st July 2025

1,415,383

DEPRECIATION

Charge for year

45,854

At 31st July 2025

45,854

NET BOOK VALUE

At 31st July 2025

1,369,529

At 31st July 2024

1,415,383

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

192,524

217,025

Other debtors

28,641

355,718

221,165

572,743

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

374,541

Hire purchase contracts

11,633

6,688

Trade creditors

21,165

98,788

Taxation and social security

17,061

81,097

Other creditors

63,964

54,289

113,823

615,403

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

30,037

18,336