REGISTERED NUMBER: 12208096 (England and Wales)

P.GILBERT LIVESTOCK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Gilbert

REGISTERED OFFICE:

The Shambles

Wainfleet Road

Firsby

Spilsby

Lincolnshire

PE23 5QW

REGISTERED NUMBER:

12208096 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Skegness)

Chartered Certified Accountants

26 Ida Road

Skegness

Lincolnshire

PE25 2AR

FIXED ASSETS

Tangible assets

3

1,190,674

603,306

CURRENT ASSETS

Stocks

3,942

11,875

Debtors

1,924

43,601

Cash at bank

26,642

8,702

32,508

64,178

CREDITORS

Amounts falling due within one year

180,156

552,083

NET CURRENT LIABILITIES

(147,648

)

(487,905

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,043,026

115,401

CREDITORS

Amounts falling due after more than one year

4

(973,476

)

(81,743

)

PROVISIONS FOR LIABILITIES

(11,449

)

(19,770

)

NET ASSETS

58,101

13,888

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

58,100

13,887

58,101

13,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 March 2026 and were signed by:

P Gilbert - Director

1.	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

Stocks

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

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2024

684,374

Additions

688,505

Disposals

(43,400

)

At 30 September 2025

1,329,479

DEPRECIATION

At 1 October 2024

81,068

Charge for year

81,220

Eliminated on disposal

(23,483

)

At 30 September 2025

138,805

NET BOOK VALUE

At 30 September 2025

1,190,674

At 30 September 2024

603,306

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

Totals

£

COST

At 1 October 2024

143,100

Additions

210,500

Disposals

(38,500

)

At 30 September 2025

315,100

DEPRECIATION

At 1 October 2024

59,583

Charge for year

69,445

Eliminated on disposal

(22,258

)

At 30 September 2025

106,770

NET BOOK VALUE

At 30 September 2025

208,330

At 30 September 2024

83,517

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

771,000

-

5.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bounce Back Loan

1,550

1,550

Buitelaar Loan

43,024

470,369

44,574

471,919

Amounts falling due between one and two years:

Bounce Back Loan

350

1,550

Amounts falling due between two and five years:

Bounce Back Loan

-

319

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

771,000

-

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

247,544

101,013

Oxbury Loan

771,000

-

1,018,544

101,013