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Company Registration No. 12358696 (England and Wales)
Gabby Fleming Limited Unaudited accounts for the year ended 31 May 2023
Gabby Fleming Limited Unaudited accounts Contents
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Gabby Fleming Limited Company Information for the year ended 31 May 2023
Director
Gabrielle Fleming
Company Number
12358696 (England and Wales)
Registered Office
Congress House Lyon Road Harrow Middlesex HA1 2EN England
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Gabby Fleming Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
422 
562 
Current assets
Debtors
16,211 
1,911 
Cash at bank and in hand
36,863 
23,205 
53,074 
25,116 
Creditors: amounts falling due within one year
(23,699)
(17,387)
Net current assets
29,375 
7,729 
Net assets
29,797 
8,291 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
29,697 
8,191 
Shareholders' funds
29,797 
8,291 
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2023 and were signed on its behalf by
Gabrielle Fleming Director Company Registration No. 12358696
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Gabby Fleming Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Gabby Fleming Limited is a private company, limited by shares, registered in England and Wales, registration number 12358696. The registered office is Congress House, Lyon Road, Harrow, Middlesex, HA1 2EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Debtors
Short term debtors are measured at transaction price. less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties , loans to related parties and investments in non-puttable ordinary shares.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities , including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Gabby Fleming Limited Notes to the Accounts for the year ended 31 May 2023
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
1,200 
At 31 May 2023
1,200 
Depreciation
At 1 June 2022
638 
Charge for the year
140 
At 31 May 2023
778 
Net book value
At 31 May 2023
422 
At 31 May 2022
562 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,340 
- 
Other debtors
4,871 
1,911 
16,211 
1,911 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,466 
3,548 
Trade creditors
- 
80 
Taxes and social security
18,738 
10,389 
Other creditors
495 
2,620 
Accruals
1,000 
750 
23,699 
17,387 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Gabby Fleming Limited Notes to the Accounts for the year ended 31 May 2023
8
Transactions with related parties
Included in Other Debtors is an amount of £4,871 (2022: £1,911) due from Gabby Fleming, a director of the company. This was re-paid after the year end. During the year dividends totaling £55,000 were paid to the director.
9
Controlling party
The company was controlled by the director Ms G Fleming by virtue of her majority shareholding in the company.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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