REGISTERED NUMBER: 05832229 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

J&G GIBBS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Gibbs

SECRETARY:

Mrs L L Gibbs

REGISTERED OFFICE:

34 Radway Road

Upper Shirley

Southampton

Hampshire

SO15 7PJ

REGISTERED NUMBER:

05832229 (England and Wales)

ACCOUNTANTS:

A & D Accountancy Services

34 Radway Road

Upper Shirley

Southampton

Hampshire

SO15 7PJ

FIXED ASSETS

Tangible assets

4

98,875

43,384

CURRENT ASSETS

Stocks

-

23,503

Cash at bank

78,272

17,178

78,272

40,681

CREDITORS

Amounts falling due within one year

5

81,695

62,451

NET CURRENT LIABILITIES

(3,423

)

(21,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

95,452

21,614

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

95,352

21,514

SHAREHOLDERS' FUNDS

95,452

21,614

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 1 December 2025 and were signed by:

J Gibbs - Director

1.	STATUTORY INFORMATION

J&G Gibbs Ltd 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

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2024

79,142

113,336

192,478

Additions

80,250

10,000

90,250

At 31 May 2025

159,392

123,336

282,728

DEPRECIATION

At 1 June 2024

66,275

82,819

149,094

Charge for year

23,717

11,042

34,759

At 31 May 2025

89,992

93,861

183,853

NET BOOK VALUE

At 31 May 2025

69,400

29,475

98,875

At 31 May 2024

12,867

30,517

43,384

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

32,000

DEPRECIATION

At 1 June 2024

15,875

Charge for year

4,031

At 31 May 2025

19,906

NET BOOK VALUE

At 31 May 2025

12,094

At 31 May 2024

16,125

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,241

33,796

Hire purchase contracts

3,478

8,514

Trade creditors

15,308

2,823

Tax

4,304

3,479

Social security and other taxes

12,346

2,443

Pension liability

273

412

VAT

11,507

263

Directors' current accounts

4,388

8,301

Accrued expenses

1,850

2,420

81,695

62,451

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 June 2024

21,514

Profit for the year

73,838

At 31 May 2025

95,352