GABBY SOLUTIONS LIMITED

Company Registration Number:
08581354 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

GABBY SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

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 2024




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 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

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 2023 to 30 June 2024
Adebisi Gabriel Okuboyejo

This report was approved by the board of directors on 30 July 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 2024


Notes

2024
£

2023
£
Turnover 25,002 10,371
Gross Profit or (Loss) 25,002 10,371
Administrative Expenses ( 10,101 ) ( 8,431 )
Operating Profit or (Loss) 14,901 1,940
Interest Payable and Similar Charges ( 152 ) ( 152 )
Profit or (Loss) Before Tax 14,749 1,788
Tax on Profit ( 2,829 ) ( 370 )
Profit or (Loss) for Period 11,920 1,418

The notes form part of these financial statements

GABBY SOLUTIONS LIMITED

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 27,030 30,033
Total fixed assets: 27,030 30,033
Current assets
Debtors: 5 10,549
Cash at bank and in hand: 857 2,081
Total current assets: 857 12,630
Creditors: amounts falling due within one year: 6 ( 10,691 ) ( 37,387 )
Net current assets (liabilities): ( 9,834 ) ( 24,757 )
Total assets less current liabilities: 17,196 5,276
Total net assets (liabilities): 17,196 5,276

The notes form part of these financial statements

GABBY SOLUTIONS LIMITED

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 17,096 5,176
Shareholders funds: 17,196 5,276

For the year ending 30 June 2024 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 30 July 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 2024

  • 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 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

GABBY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

GABBY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Fixtures & fittings Motor vehicles Total
Cost £ £ £
At 01 July 2023 3,712 34,114 37,826
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 June 2024 3,712 34,114 37,826
Depreciation
At 01 July 2023 2,303 5,490 7,793
Charge for year 141 2,862 3,003
On disposals - - -
Other adjustments - - -
At 30 June 2024 2,444 8,352 10,796
Net book value
At 30 June 2024 1,268 25,762 27,030
At 30 June 2023 1,409 28,624 30,033

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 2024

5. Debtors


2024
£

2023
£
Other debtors 10,549
Total 10,549

GABBY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 5,465 8,085
Taxation and social security 2,829 370
Other creditors 2,397 28,932
Total 10,691 37,387