Company Registration No. 07330864 (England and Wales)
Gary Mabee Visuals Ltd
Unaudited accounts
for the year ended 31 July 2024
Gary Mabee Visuals Ltd
Unaudited accounts
Contents
Gary Mabee Visuals Ltd
Company Information
for the year ended 31 July 2024
Company Number
07330864 (England and Wales)
Registered Office
21 Windle Drive
Bourne
Lincolnshire
PE10 0DB
Accountants
Kate Brown
The Annexe, Rectory Farm
Cranford Road
Great Addington, Kettering
Northants
NN14 4BQ
Gary Mabee Visuals Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
34,191
53,579
Cash at bank and in hand
102,426
52,815
Creditors: amounts falling due within one year
(36,697)
1,435
Net current assets
76,218
62,702
Net assets
110,409
116,281
Called up share capital
1
1
Profit and loss account
110,408
116,280
Shareholders' funds
110,409
116,281
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2024 and were signed on its behalf by
Gary Mabee
Director
Company Registration No. 07330864
Gary Mabee Visuals Ltd
Notes to the Accounts
for the year ended 31 July 2024
Gary Mabee Visuals Ltd is a private company, limited by shares, registered in England and Wales, registration number 07330864. The registered office is 21 Windle Drive, Bourne , Lincolnshire, PE10 0DB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 4 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2023
74,061
47,949
122,010
At 31 July 2024
74,061
47,949
122,010
At 1 August 2023
58,841
9,590
68,431
Charge for the year
9,798
9,590
19,388
At 31 July 2024
68,639
19,180
87,819
At 31 July 2024
5,422
28,769
34,191
At 31 July 2023
15,220
38,359
53,579
Gary Mabee Visuals Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
10,489
8,452
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,923
(2,375)
Loans from directors
29,311
497
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).