Company registration number 06131479 (England and Wales)
GIBBSITE SOLUTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
GIBBSITE SOLUTIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
GIBBSITE SOLUTIONS LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
835
581
Current assets
Debtors
4
127,959
81,679
Cash at bank and in hand
20,866
31,034
148,825
112,713
Creditors: amounts falling due within one year
5
(104,109)
(71,386)
Net current assets
44,716
41,327
Total assets less current liabilities
45,551
41,908
Provisions for liabilities
(209)
(145)
Net assets
45,342
41,763
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
45,242
41,663
Total equity
45,342
41,763

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 July 2026 and are signed on its behalf by:
Mrs C Ellis
Mr R Ellis
Director
Director
Company registration number 06131479 (England and Wales)
GIBBSITE SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 2 -
1
Accounting policies
Company information

Gibbsite Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor 3 & 4 Cranmere Ct, Lustleigh Close, Matford Business Park, Exeter, Devon, EX2 8PW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

T urnover is recognised at the fair value of the consideration received or receivable for goods and services

provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair

value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is

the present value of the future receipts. The difference between the fair value of the consideration and the

nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the

goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured

reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the

costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of

completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The

stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff

rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue

is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

GIBBSITE SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 3 -
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

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

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.

1.7
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.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

GIBBSITE SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
3
Tangible fixed assets
Computers
£
Cost
At 1 March 2025
2,064
Additions
689
At 28 February 2026
2,753
Depreciation and impairment
At 1 March 2025
1,483
Depreciation charged in the year
435
At 28 February 2026
1,918
Carrying amount
At 28 February 2026
835
At 28 February 2025
581
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
79,924
31,540
Other debtors
48,035
50,139
127,959
81,679
5
Creditors: amounts falling due within one year
2026
2025
£
£
Corporation tax
72,926
55,310
Other taxation and social security
28,949
13,842
Other creditors
2,234
2,234
104,109
71,386
GIBBSITE SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 5 -
6
Related party transactions
2026
2025
Amounts due from related parties
£
£
Other related parties
46,439
49,338
2026-02-28 2025-03-01 false false false 30 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs C Ellis Mr R Ellis 06131479 2025-03-01 2026-02-28 06131479 2026-02-28 06131479 2025-02-28 06131479 core:ComputerEquipment 2026-02-28 06131479 core:ComputerEquipment 2025-02-28 06131479 core:CurrentFinancialInstruments core:WithinOneYear 2026-02-28 06131479 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 06131479 core:CurrentFinancialInstruments 2026-02-28 06131479 core:CurrentFinancialInstruments 2025-02-28 06131479 core:ShareCapital 2026-02-28 06131479 core:ShareCapital 2025-02-28 06131479 core:RetainedEarningsAccumulatedLosses 2026-02-28 06131479 core:RetainedEarningsAccumulatedLosses 2025-02-28 06131479 bus:Director1 2025-03-01 2026-02-28 06131479 bus:Director2 2025-03-01 2026-02-28 06131479 core:ComputerEquipment 2025-03-01 2026-02-28 06131479 2024-03-01 2025-02-28 06131479 core:ComputerEquipment 2025-02-28 06131479 bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 06131479 bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 06131479 bus:FRS102 2025-03-01 2026-02-28 06131479 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 06131479 bus:FullAccounts 2025-03-01 2026-02-28 xbrli:pure xbrli:shares iso4217:GBP