KEITH GIBBS LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC420277

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		303		405

			303		405
CURRENT ASSETS
Debtors	5	279,943		160,082
Cash at bank and in hand		42,090		13,923

		322,033		174,005
Creditors: Amounts Falling Due Within One Year	6	(9,384 )		(10,410 )

NET CURRENT ASSETS (LIABILITIES)			312,649		163,595

TOTAL ASSETS LESS CURRENT LIABILITIES			312,952		164,000

NET ASSETS ATTRIBUTABLE TO MEMBERS			312,952		164,000

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		312,952		164,000

			312,952		164,000

			312,952		164,000

TOTAL MEMBERS' INTEREST
Amounts due from members			(279,943)		(160,082)
Loans and other debts due to members			312,952		164,000

			33,009		3,918

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KEITH GIBBS LLP

Balance Sheet (continued)

As At 5 April 2025

For the year ending 5 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Paul Shilling

Designated Member

15/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

KEITH GIBBS LLP is a limited liability partnership, incorporated in England & Wales, registered number OC420277 . The Registered Office is Providence House, Forest Road, Binfield, Berkshire, RG42 4HP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

3. Average Number of Employees

4Average number of employees, including members with contracts of employment, during the year was: 4 (2024: 4)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 6 April 2024	184	1,667	1,851

As at 5 April 2025	184	1,667	1,851

Depreciation
As at 6 April 2024	154	1,292	1,446
Provided during the period	8	94	102

As at 5 April 2025	162	1,386	1,548

Net Book Value
As at 5 April 2025	22	281	303

As at 6 April 2024	30	375	405

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KEITH GIBBS LLP

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	279,943	160,082

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	647	515
Taxation and social security	8,737	9,895

	9,384	10,410

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