REGISTERED NUMBER: 02812059 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gibtel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Giblin

REGISTERED OFFICE:

Colnbrook By Pass

Slough

Berkshire

SL3 8QQ

REGISTERED NUMBER:

02812059 (England and Wales)

ACCOUNTANTS:

Ashford Rainham Limited

10-12 Upper Dicconson St

Wigan

Lancashire

WN1 2AD

FIXED ASSETS

Tangible assets

4

456,147

458,723

CURRENT ASSETS

Debtors

5

90

90

CREDITORS

Amounts falling due within one year

6

300,675

306,691

NET CURRENT LIABILITIES

(300,585

)

(306,601

)

TOTAL ASSETS LESS CURRENT LIABILITIES

155,562

152,122

CREDITORS

Amounts falling due after more than one year

7

-

(5,897

)

PROVISIONS FOR LIABILITIES

(1,344

)

(1,433

)

NET ASSETS

154,218

144,792

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

34,616

34,616

Retained earnings

119,502

110,076

154,218

144,792

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

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

J A Giblin - Director

1.	STATUTORY INFORMATION

Gibtel 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

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

720,247

57,074

777,321

DEPRECIATION

At 1 April 2024

268,834

49,764

318,598

Charge for year

2,343

233

2,576

At 31 March 2025

271,177

49,997

321,174

NET BOOK VALUE

At 31 March 2025

449,070

7,077

456,147

At 31 March 2024

451,413

7,310

458,723

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

90

90

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,222

10,222

Trade creditors

(1

)

(2

)

Taxation and social security

5,716

5,343

Other creditors

264,738

291,128

300,675

306,691

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,897

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

25,212

11,221

A legal charge is held over the company and its assets by National Westminster Bank as security for any debts