Caseware UK (AP4) 2025.0.111 2025.0.111 2026-03-31 2026-03-31 2025-04-01 false the provision of plumbing and heating services 38 24 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC449914 2025-04-01 2026-03-31 SC449914 2024-04-01 2025-03-31 SC449914 2026-03-31 SC449914 2025-03-31 SC449914 c:Director2 2025-04-01 2026-03-31 SC449914 d:PlantMachinery 2025-04-01 2026-03-31 SC449914 d:PlantMachinery 2026-03-31 SC449914 d:PlantMachinery 2025-03-31 SC449914 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC449914 d:MotorVehicles 2025-04-01 2026-03-31 SC449914 d:MotorVehicles 2026-03-31 SC449914 d:MotorVehicles 2025-03-31 SC449914 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC449914 d:FurnitureFittings 2025-04-01 2026-03-31 SC449914 d:FurnitureFittings 2026-03-31 SC449914 d:FurnitureFittings 2025-03-31 SC449914 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC449914 d:OfficeEquipment 2025-04-01 2026-03-31 SC449914 d:OfficeEquipment 2026-03-31 SC449914 d:OfficeEquipment 2025-03-31 SC449914 d:OfficeEquipment d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC449914 d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 SC449914 d:Goodwill 2026-03-31 SC449914 d:Goodwill 2025-03-31 SC449914 d:CurrentFinancialInstruments 2026-03-31 SC449914 d:CurrentFinancialInstruments 2025-03-31 SC449914 d:Non-currentFinancialInstruments 2026-03-31 SC449914 d:Non-currentFinancialInstruments 2025-03-31 SC449914 d:CurrentFinancialInstruments d:WithinOneYear 2026-03-31 SC449914 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC449914 d:Non-currentFinancialInstruments d:AfterOneYear 2026-03-31 SC449914 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC449914 d:ShareCapital 2026-03-31 SC449914 d:ShareCapital 2025-03-31 SC449914 d:RetainedEarningsAccumulatedLosses 2026-03-31 SC449914 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC449914 c:OrdinaryShareClass1 2025-04-01 2026-03-31 SC449914 c:OrdinaryShareClass1 2026-03-31 SC449914 c:OrdinaryShareClass1 2025-03-31 SC449914 c:FRS102 2025-04-01 2026-03-31 SC449914 c:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC449914 c:FullAccounts 2025-04-01 2026-03-31 SC449914 c:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC449914 e:PoundSterling 2025-04-01 2026-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC449914 OWEN GIBB AND SONS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2026
OWEN GIBB AND SONS LIMITED REGISTERED NUMBER: SC449914 BALANCE SHEET AS AT 31 MARCH 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 352,008 |  | 352,317
|  |  | 352,008 |  | 352,317
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 698,756 |  | 460,074 |
Cash at bank and in hand |  | 179,559 |  | 161,455 |
|  | 878,315 |  | 621,529 |
Creditors: amounts falling due within one year | 7 | (874,914) |  | (613,505) |
Net current assets |  |  | 3,401 |  | 8,024
Total assets less current liabilities |  |  | 355,409 |  | 360,341
Creditors: amounts falling due after more than one year | 8 |  | (209,401) |  | (250,468)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (79,160) |  | (77,961) |
|  |  | (79,160) |  | (77,961)
Net assets |  |  | 66,848 |  | 31,912
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 66,748 |  | 31,812
|  |  | 66,848 |  | 31,912
Page 1
OWEN GIBB AND SONS LIMITED REGISTERED NUMBER: SC449914 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2026 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 July 2026.
Mr D Gibb
Director
Page 2
OWEN GIBB AND SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
1. | Company information
Owen Gibb and Sons Limited is a private company limited by shares incorporated in Scotland. The registered office is 34 Bridge Road, Colinton, Edinburgh, EH13 0LQ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
| 2.3 | Turnover
Turnover is recognised at the fair value of the consideration received or receivable for plumbing and heating services in the normal course of business, excluding value added tax.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 3
OWEN GIBB AND SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 15% | straight line
|  |  |  | Motor vehicles | - | 25% | straight line
|  |  |  | Fixtures and fittings | - | 15% | straight line
|  |  |  | Office equipment | - | 33% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.8 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Page 4
OWEN GIBB AND SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.9 | Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
| 2.10 | Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account}, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
| 2.11 | Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
| 2.12 | Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Page 5
OWEN GIBB AND SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.13 | Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases and hire purchase contracts are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
| 2.14 | Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
3. | Employees
| The average monthly number of employees, including directors, during the year was 38 (2025 - 24).
Page 6
OWEN GIBB AND SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
4. | Intangible assets
|  | Goodwill
|  | £
| At 1 April 2025 | 10,000
| At 31 March 2026 | 10,000
| At 1 April 2025 | 10,000
| At 31 March 2026 | 10,000
| Net book value |
| At 31 March 2026 | -
| At 31 March 2025 | -
Page 7
OWEN GIBB AND SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
5. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2025 | 5,317 | 618,056 | 4,453 | 8,009 | 635,835
| Additions | 8,140 | 126,015 | 3,015 | 1,833 | 139,003
| Disposals | - | (96,285) | - | - | (96,285)
| At 31 March 2026 | 13,457 | 647,786 | 7,468 | 9,842 | 678,553
| Depreciation |  |  |  |  |
| At 1 April 2025 | 4,600 | 267,710 | 3,664 | 7,544 | 283,518
| Charge for the year on owned assets | 2,058 | 122,438 | 685 | 473 | 125,654
| Disposals | - | (82,627) | - | - | (82,627)
| At 31 March 2026 | 6,658 | 307,521 | 4,349 | 8,017 | 326,545
| Net book value |  |  |  |  |
| At 31 March 2026 | 6,799 | 340,265 | 3,119 | 1,825 | 352,008
| At 31 March 2025 | 717 | 350,346 | 789 | 465 | 352,317
6. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 187,640 | 184,340
| Other debtors | 511,116 | 275,734
|  | 698,756 | 460,074
Page 8
OWEN GIBB AND SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank loans | 3,333 | 20,000
| Trade creditors | 301,739 | 174,839
| Other taxation and social security | 240,543 | 141,320
| Other creditors | 329,299 | 277,346
|  | 874,914 | 613,505
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank loans | - | 3,333
| Net obligations under finance leases and hire purchase contracts | 209,401 | 247,135
|  | 209,401 | 250,468
| The following liabilities were secured:
| Details of security provided:
The Royal Bank of Scotland PLC holds a charge over 34 Bridge Road, Colinton.
9. | Share capital
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2025 - 100) Ordinary shares shares of £1.00 each | 100 | 100
10. | Related party transactions
| The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
Page 9