REGISTERED NUMBER: SC792493 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Gibson Mckerrell Burrows Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J M Cordery

REGISTERED OFFICE:

28 Rutland Square

Edinburgh

EH1 2BW

REGISTERED NUMBER:

SC792493 (Scotland)

ACCOUNTANTS:

Gibson McKerrell Burrows Limited

28 Rutland Square

Edinburgh

EH1 2BW

FIXED ASSETS

Intangible assets

4

160,417

169,167

Tangible assets

5

10,667

4,643

171,084

173,810

CURRENT ASSETS

Debtors

6

1,414,945

506,828

Prepayments and accrued income

418,543

264,773

Cash at bank

29,691

13,871

1,863,179

785,472

CREDITORS

Amounts falling due within one year

7

1,908,806

915,303

NET CURRENT LIABILITIES

(45,627

)

(129,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

125,457

43,979

PROVISIONS FOR LIABILITIES

2,627

-

NET ASSETS

122,830

43,979

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

122,730

43,879

122,830

43,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 October 2026 and were signed by:

J M Cordery - Director

1.	STATUTORY INFORMATION

Gibson Mckerrell Burrows Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer and Equipment - 25% Reducing Balance

Fixtures and Fittings - 25% Reducing Balance

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

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

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

175,000

AMORTISATION

At 1 January 2025

5,833

Charge for year

8,750

At 31 December 2025

14,583

NET BOOK VALUE

At 31 December 2025

160,417

At 31 December 2024

169,167

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

5,892

Additions

9,579

At 31 December 2025

15,471

DEPRECIATION

At 1 January 2025

1,249

Charge for year

3,555

At 31 December 2025

4,804

NET BOOK VALUE

At 31 December 2025

10,667

At 31 December 2024

4,643

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

337,303

185,342

Other debtors

1,077,642

321,486

1,414,945

506,828

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

1,285,083

651,869

Taxation and social security

36,788

12,434

Other creditors

586,935

251,000

1,908,806

915,303