Company Registration No. NI066190 (Northern Ireland)
Gibson Paving Limited
Unaudited accounts
for the year ended 30 September 2025
Gibson Paving Limited
Statement of financial position
as at 30 September 2025
Tangible assets
773,837
669,086
Inventories
581,158
714,715
Cash at bank and in hand
393,436
454,532
Creditors: amounts falling due within one year
(455,223)
(509,119)
Net current assets
734,370
1,008,630
Net assets
1,508,207
1,677,716
Called up share capital
2
2
Profit and loss account
1,508,205
1,677,714
Shareholders' funds
1,508,207
1,677,716
For the year ending 30 September 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by
Ruth Gibson
Director
Company Registration No. NI066190
Gibson Paving Limited
Notes to the Accounts
for the year ended 30 September 2025
Gibson Paving Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI066190. The registered office is 61 Townhill Road, Portglenone, Ballymena, Co. Antrim, BT44 8AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors believe that the company Gibson Paving Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Turnover comprises the invoice value of construction services supplied by the company, exclusive of trade discounts and value added tax. Revenue from a contract to provide construction services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Reducing Balance
Gibson Paving Limited
Notes to the Accounts
for the year ended 30 September 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2024
978,175
13,972
992,147
Additions
280,495
-
280,495
Disposals
(140,017)
-
(140,017)
At 30 September 2025
1,118,653
13,972
1,132,625
At 1 October 2024
315,239
7,822
323,061
Charge for the year
76,232
820
77,052
On disposals
(41,325)
-
(41,325)
At 30 September 2025
350,146
8,642
358,788
At 30 September 2025
768,507
5,330
773,837
At 30 September 2024
662,936
6,150
669,086
Amounts falling due within one year
Trade debtors
30,052
238,474
Amounts due from group undertakings etc.
107,920
82,064
Other debtors
77,027
27,964
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
93,809
69,907
Trade creditors
244,837
337,226
Taxes and social security
26,872
39,355
Other creditors
61,754
31,335
Loans from directors
25,951
25,951
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 14 (2024: 14).