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REGISTERED NUMBER: 09933443 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2022 to 31 December 2023

for

GORILLA IN THE ROOM LTD.

GORILLA IN THE ROOM LTD. (REGISTERED NUMBER: 09933443)






Contents of the Financial Statements
for the period 1 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GORILLA IN THE ROOM LTD.

Company Information
for the period 1 November 2022 to 31 December 2023







DIRECTORS: J J B Barrowman
A R Goode
J J Taylor





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 09933443 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

GORILLA IN THE ROOM LTD. (REGISTERED NUMBER: 09933443)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 901 1,859

CURRENT ASSETS
Debtors 5 18,277 40,948
Cash at bank 29,810 14,406
48,087 55,354
CREDITORS
Amounts falling due within one year 6 (26,155 ) (23,727 )
NET CURRENT ASSETS 21,932 31,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,833

33,486

CREDITORS
Amounts falling due after more than one
year

7

(16,514

)

(28,270

)
NET ASSETS 6,319 5,216

CAPITAL AND RESERVES
Called up share capital 8 1,029 1,029
Share premium 284,651 284,651
Retained earnings (279,361 ) (280,464 )
SHAREHOLDERS' FUNDS 6,319 5,216

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GORILLA IN THE ROOM LTD. (REGISTERED NUMBER: 09933443)

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 Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





J J B Barrowman - Director


GORILLA IN THE ROOM LTD. (REGISTERED NUMBER: 09933443)

Notes to the Financial Statements
for the period 1 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

Gorilla In The Room Ltd. is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

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.

Long period of accounts
The directors agreed to extended the year end from 31 October to 31 December during 2023 to align the company's fiscal year with the calendar year and VAT quarter end. Due to this, the following financial statements cover a period of 14 months instead of 12 and are not entirely comparable with other periods.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of information technology and market research services is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment-33% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the period 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.

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.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

GORILLA IN THE ROOM LTD. (REGISTERED NUMBER: 09933443)

Notes to the Financial Statements - continued
for the period 1 November 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022 9,352
Additions 608
Disposals (1,199 )
At 31 December 2023 8,761
DEPRECIATION
At 1 November 2022 7,493
Charge for period 1,554
Eliminated on disposal (1,187 )
At 31 December 2023 7,860
NET BOOK VALUE
At 31 December 2023 901
At 31 October 2022 1,859

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 12,960
Other debtors 18,277 27,988
18,277 40,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,098 9,808
Trade creditors 2,796 660
Taxation and social security 7,691 8,289
Other creditors 5,570 4,970
26,155 23,727

GORILLA IN THE ROOM LTD. (REGISTERED NUMBER: 09933443)

Notes to the Financial Statements - continued
for the period 1 November 2022 to 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,514 28,270

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
72,595 Ordinary 1p 886 886
14,286 A Ordinary 1p 143 143
1,029 1,029