GABBY SOLUTIONS LIMITED

Company Registration Number:
08581354 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

GABBY SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GABBY SOLUTIONS LIMITED

Company Information

for the Period Ended 30 June 2023




Director: Adebisi Gabriel Okuboyejo
Registered office: 107
Burdett Road
London
England
E3 4JN
Company Registration Number: 08581354 (England and Wales)

GABBY SOLUTIONS LIMITED

Directors' Report Period Ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal Activities

The principal activity of the company is to provide IT support.

Directors

The directors shown below have held office during the whole of the period from 01 July 2022 to 30 June 2023
Adebisi Gabriel Okuboyejo

This report was approved by the board of directors on 13 March 2024
And Signed On Behalf Of The Board By:

Name: Adebisi Gabriel Okuboyejo
Status: Director

GABBY SOLUTIONS LIMITED

Profit and Loss Account

for the Period Ended 30 June 2023


Notes

2023
£

2022
£
Turnover 10,371 30,474
Gross Profit or (Loss) 10,371 30,474
Administrative Expenses ( 8,431 ) ( 17,922 )
Operating Profit or (Loss) 1,940 12,552
Interest Payable and Similar Charges ( 152 ) ( 148 )
Profit or (Loss) Before Tax 1,788 12,404
Tax on Profit ( 370 ) ( 2,126 )
Profit or (Loss) for Period 1,418 10,278

The notes form part of these financial statements

GABBY SOLUTIONS LIMITED

Balance sheet

As at 30 June 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 30,033 3,921
Total fixed assets: 30,033 3,921
Current assets
Debtors: 5 10,549 10,549
Cash at bank and in hand: 2,081 2,364
Total current assets: 12,630 12,913
Creditors: amounts falling due within one year: 6 ( 37,387 ) ( 12,976 )
Net current assets (liabilities): ( 24,757 ) ( 63 )
Total assets less current liabilities: 5,276 3,858
Total net assets (liabilities): 5,276 3,858

The notes form part of these financial statements

GABBY SOLUTIONS LIMITED

Balance sheet continued

As at 30 June 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 5,176 3,758
Shareholders funds: 5,276 3,858

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 13 March 2024
And Signed On Behalf Of The Board By:

Name: Adebisi Gabriel Okuboyejo
Status: Director

The notes form part of these financial statements

GABBY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GABBY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

GABBY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

GABBY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible assets

Fixtures & fittings Motor vehicles Total
Cost £ £ £
At 01 July 2022 3,712 4,664 8,376
Additions - 29,450 29,450
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 June 2023 3,712 34,114 37,826
Depreciation
At 01 July 2022 2,146 2,309 4,455
Charge for year 157 3,181 3,338
On disposals - - -
Other adjustments - - -
At 30 June 2023 2,303 5,490 7,793
Net book value
At 30 June 2023 1,409 28,624 30,033
At 30 June 2022 1,566 2,355 3,921

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 10% reducing balance
Motor vehicles - 10% reducing balance.

GABBY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors


2023
£

2022
£
Prepayments and accrued income 149 149
Other debtors 10,400 10,400
Total 10,549 10,549

GABBY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 8,085 10,792
Taxation and social security 370 2,126
Other creditors 28,932 58
Total 37,387 12,976