Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11583786 2022-10-01 2023-09-30 11583786 2021-10-01 2022-09-30 11583786 2023-09-30 11583786 2022-09-30 11583786 c:Director1 2022-10-01 2023-09-30 11583786 d:CurrentFinancialInstruments 2023-09-30 11583786 d:CurrentFinancialInstruments 2022-09-30 11583786 d:Non-currentFinancialInstruments 2023-09-30 11583786 d:Non-currentFinancialInstruments 2022-09-30 11583786 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11583786 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 11583786 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 11583786 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 11583786 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 11583786 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 11583786 d:ShareCapital 2023-09-30 11583786 d:ShareCapital 2022-09-30 11583786 d:RetainedEarningsAccumulatedLosses 2023-09-30 11583786 d:RetainedEarningsAccumulatedLosses 2022-09-30 11583786 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 11583786 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-09-30 11583786 c:FRS102 2022-10-01 2023-09-30 11583786 c:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 11583786 c:FullAccounts 2022-10-01 2023-09-30 11583786 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11583786 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 11583786










GOBIL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
GOBIL LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GOBIL LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gobil Limited for the year ended 30 September 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Gobil Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Gobil Limited and state those matters that we have agreed to state to the Board of directors of Gobil Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gobil Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Gobil Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gobil Limited. You consider that Gobil Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Gobil Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff On Sea
Essex
SS0 9PE
28 February 2024
Page 1

 
GOBIL LIMITED
REGISTERED NUMBER: 11583786

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
34,705
168,481

Current asset investments
 5 
1,093
1,093

Cash at bank and in hand
 6 
704
2,473

  
36,502
172,047

Creditors: amounts falling due within one year
 7 
(24,278)
(144,974)

Net current assets
  
 
 
12,224
 
 
27,073

Total assets less current liabilities
  
12,224
27,073

Creditors: amounts falling due after more than one year
 8 
(18,218)
(28,271)

  

Net liabilities
  
(5,994)
(1,198)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(6,094)
(1,298)

  
(5,994)
(1,198)


Page 2

 
GOBIL LIMITED
REGISTERED NUMBER: 11583786

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 February 2024.




J.E. Buttleman
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
GOBIL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The company is a private company limited by shares and was incorporated in England and Wales. The
registered office address of business is:
Kingsridge House,
601 London Road,
Westcliff on Sea
Essex,
SS0 9PE. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In view of the excess of liabilities over assets at 30 September 2023 of £5,994 the appropriateness of the going concern basis is dependent upon the continued support of the company's creditors.
The company's creditors have continued to support the company and the directors are of the opinion that they will continue to do so. In light of the aforementioned, the directors consider it appropriate to adopt the going concern basis in preparing these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
GOBIL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Debtors

2023
2022
£
£


Trade debtors
34,481
34,481
Page 5

 
GOBIL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.Debtors (continued)


Other debtors
224
134,000

34,705
168,481



5.


Current asset investments

2023
2022
£
£

Unlisted investments
1,093
1,093

1,093
1,093



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
704
2,473

704
2,473



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,053
9,808

Trade creditors
880
974

Other taxation and social security
-
9,456

Other creditors
13,345
124,736

24,278
144,974



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,218
28,271

18,218
28,271


Page 6

 
GOBIL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,053
9,808


10,053
9,808


Amounts falling due 2-5 years

Bank loans
18,218
28,271


18,218
28,271


28,271
38,079



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
704
-




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


11.


Related party transactions

Other debtors includes £Nil (2022 £134,000) owed by a company in which a close family member of the directors has significant influence and control. Other creditors includes £13,345 (2021 £124,736) owed to a company in which a close family member of the directors has significant influence and control.
There is a charge over shares held by this company in current asset investments in respect of the borrowings of that company.


Page 7