BROOKS GIBBS LIMITED

Company Registration Number:
01556647 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 May 2024

End date: 31 March 2025

BROOKS GIBBS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

BROOKS GIBBS LIMITED

Balance sheet

As at 31 March 2025


Notes
11 months to 31 March 2025
2024


£
£
Fixed assets
Intangible assets: 3 67,724 76,650
Tangible assets: 4 649,594 661,008
Total fixed assets: 717,318 737,658
Current assets
Stocks: 407,896 379,263
Debtors: 5 235,686 102,513
Cash at bank and in hand: 1,326,723 1,380,057
Total current assets: 1,970,305 1,861,833
Creditors: amounts falling due within one year: 6 (675,563) (521,059)
Net current assets (liabilities): 1,294,742 1,340,774
Total assets less current liabilities: 2,012,060 2,078,432
Creditors: amounts falling due after more than one year: 7 (177,881) (197,399)
Provision for liabilities: (2,136) (47,254)
Total net assets (liabilities): 1,832,043 1,833,779
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,831,943 1,833,679
Shareholders funds: 1,832,043 1,833,779

The notes form part of these financial statements

BROOKS GIBBS LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 22 December 2025
and signed on behalf of the board by:

Name: M J Fellingham Esq
Status: Director

The notes form part of these financial statements

BROOKS GIBBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation policy

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Leasehold property - Over period of the lease Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance Office and computer equipment - 33.3% on reducing balance

Intangible fixed assets and amortisation policy

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Website - Straight line basis over 3 years Goodwill - Straight line basis over 20 years

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Other accounting policies

Deferred Tax Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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. Defined contribution pension obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

BROOKS GIBBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

11 months to 31 March 2025 2024
Average number of employees during the period 15 14

BROOKS GIBBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Intangible Assets

Total
Cost £
At 01 May 2024 106,137
At 31 March 2025 106,137
Amortisation
At 01 May 2024 29,487
Charge for year 8,926
At 31 March 2025 38,413
Net book value
At 31 March 2025 67,724
At 30 April 2024 76,650

BROOKS GIBBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible Assets

Total
Cost £
At 01 May 2024 905,918
Additions 30,128
Disposals (21,328)
At 31 March 2025 914,718
Depreciation
At 01 May 2024 244,910
Charge for year 35,041
On disposals (14,827)
At 31 March 2025 265,124
Net book value
At 31 March 2025 649,594
At 30 April 2024 661,008

BROOKS GIBBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Debtors

11 months to 31 March 2025 2024
££
Debtors due after more than one year: 0 0

BROOKS GIBBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due within one year note

Loans and borrowings - £53,953 (2024) £42,311 Trade creditors - £417,213 (2024) £265,953 Taxation and social security - £44,280 (2024) 84,350 Accruals and deferred income - £30,639 (2024) £17,014 Other creditors - £129,478 (2024) £111,431

BROOKS GIBBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

7. Creditors: amounts falling due after more than one year note

Due after one year Loans and borrowings - £177,881 (2024) £197,399 Due after more than five years Loans and borrowings - £42,826 (2024) £51,706 Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £177881 (2024 - £197399)

BROOKS GIBBS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

8. Related party transactions

Name of the related party: Mr M J and Mrs K Fellingham
Relationship:
Directors and shareholders
Description of the Transaction: The Company pays a monthly rent.
£
Balance at 01 May 2024 0
Balance at 31 March 2025 0
Name of the related party: The Pentagon Partnership
Relationship:
The Partners are Directors and shareholders of the Compnay
Description of the Transaction: The company buys and sells goods, pays rent and franchise fees and receives income for management and administration fees. All transactions are invoiced and payable under the Company's usual trading terms.
£
Balance at 01 May 2024 0
Balance at 31 March 2025 0