Gibbon Bridge Limited - Accounts to registrar (filleted) - small 18.2
Gibbon Bridge Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 |
FOR |
GIBBON BRIDGE LIMITED |
GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 October 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GIBBON BRIDGE LIMITED |
COMPANY INFORMATION |
for the year ended 31 October 2021 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
40 The Rock |
Bury |
Lancashire |
BL9 0NX |
SOLICITORS: |
Rutherford House |
4 Wellington Street (St. Johns) |
Blackburn |
Lancashire |
BB1 8DD |
GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079) |
BALANCE SHEET |
31 October 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079) |
BALANCE SHEET - continued |
31 October 2021 |
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 |
GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 October 2021 |
1. | STATUTORY INFORMATION |
Gibbon Bridge Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Caravans | - |
Fixtures and fittings | - |
Tractors & Gardening Equipment | - |
Depreciation is provided on freehold land and buildings at a rate designed to write off the cost of the asset over its expected useful life. The cost of freehold land and buildings to be written off, is the cost of the asset less the estimated residual value of the asset at the end of its useful economic life.The company carries out a policy of regular maintenance on the land and buildings and, in the opinion of the Director, the estimated residual value at the end of its useful life will not be less than cost. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 October 2021 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | Caravans | machinery |
£ | £ | £ |
COST |
At 1 November 2020 |
Additions |
At 31 October 2021 |
DEPRECIATION |
At 1 November 2020 |
Charge for year |
At 31 October 2021 |
NET BOOK VALUE |
At 31 October 2021 |
At 31 October 2020 |
Fixtures | Tractors |
and | & Gardening |
fittings | Equipment | Totals |
£ | £ | £ |
COST |
At 1 November 2020 |
Additions |
At 31 October 2021 |
DEPRECIATION |
At 1 November 2020 |
Charge for year |
At 31 October 2021 |
NET BOOK VALUE |
At 31 October 2021 |
At 31 October 2020 |
GIBBON BRIDGE LIMITED (REGISTERED NUMBER: 01645079) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 October 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans |
The bank facility was renewed in April 2022. |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2021 | 2020 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Bank loans |
The company's bankers hold a mortgage debenture over all the company's assets. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is Miss J Simpson. |
The company is under the control of the Director who owns in excess of 90% of the issued share capital. |