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REGISTERED NUMBER: 07877819 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gabel Commodity Services Ltd

Gabel Commodity Services Ltd (Registered number: 07877819)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gabel Commodity Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr G Stevens





REGISTERED OFFICE: 73 Ladywood Avenue
Belper
Derbyshire
DE56 1HT





REGISTERED NUMBER: 07877819 (England and Wales)





ACCOUNTANTS: SPi Accountancy LLP
Unit 10 Tiger Court
Kings Business Park
Knowsley
Liverpool
Merseyside
L34 1BH

Gabel Commodity Services Ltd (Registered number: 07877819)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,347 12,368

CURRENT ASSETS
Debtors 5 17,756 6,387
Cash at bank 43,562 74,064
61,318 80,451
CREDITORS
Amounts falling due within one year 6 50,463 61,018
NET CURRENT ASSETS 10,855 19,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,202

31,801

CREDITORS
Amounts falling due after more than one
year

7

(2,581

)

(6,010

)

PROVISIONS FOR LIABILITIES 8 (2,337 ) (2,350 )
NET ASSETS 15,284 23,441

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,184 23,341
SHAREHOLDERS' FUNDS 15,284 23,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Gabel Commodity Services Ltd (Registered number: 07877819)

Balance Sheet - continued
31 December 2023


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 28 February 2024 and were signed by:





Mr G Stevens - Director


Gabel Commodity Services Ltd (Registered number: 07877819)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gabel Commodity Services Ltd is a private company, limited by shares , registered in England and Wales. 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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 13,795 6,250 1,713 21,758
DEPRECIATION
At 1 January 2023 3,449 4,382 1,559 9,390
Charge for year 2,586 281 154 3,021
At 31 December 2023 6,035 4,663 1,713 12,411
NET BOOK VALUE
At 31 December 2023 7,760 1,587 - 9,347
At 31 December 2022 10,346 1,868 154 12,368

Gabel Commodity Services Ltd (Registered number: 07877819)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,656 4,800
Other debtors 100 1,587
17,756 6,387

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 25,245 35,679
Hire purchase contracts 3,428 3,428
Trade creditors 9,008 3,827
Taxation and social security 9,989 15,294
Other creditors 2,793 2,790
50,463 61,018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 2,581 6,010

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 2,337 2,350

Deferred
tax
£   
Balance at 1 January 2023 2,350
Deferred Tax provision (13 )
Balance at 31 December 2023 2,337

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr G Stevens
Balance outstanding at start of year - -
Amounts advanced 29,662 38,350
Amounts repaid (29,662 ) (38,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Gabel Commodity Services Ltd (Registered number: 07877819)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. RELATED PARTY DISCLOSURES

During the year dividends totalling £11,266 ( 2022 - £17,957 ) were paid to the director and dividends totalling £10,824 ( 2022 - £17,253 ) were paid to Mrs Cara Maw-Stevens.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Stevens.