10035537falsePainters & Decorators2025-04-012026-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/cd:Director12025-04-012026-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2025-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2026-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2026-03-31http://www.companieshouse.gov.uk/cd:Director22025-04-012026-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2025-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2026-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2026-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12025-04-012026-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2026-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2025-04-012026-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2026-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2025-04-012026-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2026-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2025-04-012026-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/2025-04-012026-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FRS1022025-04-012026-03-31http://www.companieshouse.gov.uk/2026-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2025-04-012026-03-31http://www.companieshouse.gov.uk/cd:FilletedAccounts2025-04-012026-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10035537
A & E GIBSON LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2026
Prepared By:
Ashworth Treasure (BOC) Ltd
Chartered Accountants
17/19
Park Street
Lytham
Lancashire
FY8 5LU
A & E GIBSON LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2026
DIRECTORS
J R Gibson
C Gibson
REGISTERED OFFICE
17 - 19 Park Street
Lytham St. Annes
Lancashire
FY8 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10035537
ACCOUNTANTS
Ashworth Treasure (BOC) Ltd
Chartered Accountants
17/19
Park Street
Lytham
Lancashire
FY8 5LU
A & E GIBSON LIMITED
ACCOUNTS
FOR THEYEARENDED31/03/2026
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4
A & E GIBSON LIMITED
BALANCE SHEET AT 31/03/2026
20262025
Notes££
FIXED ASSETS
Tangible assets4238,885247,618
CURRENT ASSETS
Stock10,00010,000
Debtors141,407211,587
Cash at bank and in hand293,137347,776
444,544569,363
CREDITORS: Amounts falling due within one year301,821358,565
NET CURRENT ASSETS142,723210,798
TOTAL ASSETS LESS CURRENT LIABILITIES381,608458,416
PROVISIONS FOR LIABILITIES AND CHARGES12,79114,974
NET ASSETS368,817443,442
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account368,717443,342
SHAREHOLDERS' FUNDS368,817443,442
For the year ending 31/03/2026 the company was entitled to exemption 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.All members have consented to the preparation of an abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/09/2026 and signed on their behalf by
.............................
J R Gibson
Director
.............................
C Gibson
Director
A & E GIBSON LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2026
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Commercial Vehicles 25%
Fixtures and Fittings 25%
Equipment 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
A & E GIBSON LIMITED
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20262025
No.No.
Average number of employees1010
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/202510,00010,000
At 31/03/202610,00010,000
Depreciation
At 01/04/202510,00010,000
At 31/03/202610,00010,000
Net Book Amounts
At 31/03/2026--
4. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andCommercialFixtures
PropertiesMachineryVehiclesand FittingsEquipmentTotal
££££££
Cost
At 01/04/20257826,657100,5263,8992,933114,797
At 31/03/20267826,657100,5263,8992,933114,797
Depreciation
At 01/04/20257824,04371,6901,1932,15579,863
For the year-6547,2086771948,733
At 31/03/20267824,69778,8981,8702,34988,596
Net Book Amounts
At 31/03/2026-1,96021,6282,02958426,201
At 31/03/2025-2,61428,8362,70677834,934
A & E GIBSON LIMITED
5. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/04/2025212,684212,684
Additions151,438151,438
Disposals(151,438)(151,438)
At 31/03/2026212,684212,684
6. SHARE CAPITAL 20262025
££
Allotted, issued and fully paid:
100 of £1 each100100
100100
7. OTHER FINANCIAL COMMITMENTS
At 31/03/2026 the company was committed to making the following payments under non-cancellable operating leases:
20262025
££
Operating Leases which expire:
Within one year18,55921,183
Within two to five years7,09221,277
8. RELATED PARTY TRANSACTIONS
Included in creditors (amounts due within one year ) is an amount of £223,747 due to the directors of the company. Interest at 12% is payable per annum. The loan is repayable on demand.