Gibbs Barbering Ltd - Accounts to registrar (filleted) - small 18.2

Gibbs Barbering Ltd - Accounts to registrar (filleted) - small 18.2

GIBBS FITNESS LTD - Company Information

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REGISTERED NUMBER: 10589926















Unaudited Financial Statements for the Year Ended 31 January 2019

for

Gibbs Barbering Ltd
Gibbs Barbering Ltd (Registered number: 10589926)






Contents of the Financial Statements
for the Year Ended 31 January 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gibbs Barbering Ltd

Company Information
for the Year Ended 31 January 2019







DIRECTOR: G Gibbs





SECRETARY:





REGISTERED OFFICE: Unit 7 Ball Mill Top Business Park
Hallow
Worcester
Worcestershire
WR2 6LS





REGISTERED NUMBER: 10589926





ACCOUNTANTS: SW&A Accountants
Unit 7 Ball Mill Top
Main Road
Hallow
Worcester
Worcestershire
Page 1
Gibbs Barbering Ltd (Registered number: 10589926)

Balance Sheet
31 January 2019

31.1.19 31.1.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 842 1,053

CURRENT ASSETS
Cash at bank and in hand 14,080 11,071

CREDITORS
Amounts falling due within one year 5 14,197 12,009
NET CURRENT LIABILITIES (117 ) (938 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
725
115

PROVISIONS FOR LIABILITIES 160 -
NET ASSETS 565 115

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 564 114
565 115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 notes form part of these financial statements

Page 2 continued...
Gibbs Barbering Ltd (Registered number: 10589926)

Balance Sheet - continued
31 January 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 September 2019 and were signed
by:





G Gibbs - Director


The notes form part of these financial statements

Page 3
Gibbs Barbering Ltd (Registered number: 10589926)

Notes to the Financial Statements
for the Year Ended 31 January 2019

1. STATUTORY INFORMATION

Gibbs Barbering Ltd is a private company, limited by shares , registered in Not
specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on 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 2 (2018 - 1 ) .

Page 4 continued...
Gibbs Barbering Ltd (Registered number: 10589926)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2018
and 31 January 2019 1,316
DEPRECIATION
At 1 February 2018 263
Charge for year 211
At 31 January 2019 474
NET BOOK VALUE
At 31 January 2019 842
At 31 January 2018 1,053

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.19 31.1.18
£    £   
Trade creditors 109 1
Taxation and social security 2,304 2,741
Other creditors 11,784 9,267
14,197 12,009

Page 5