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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
Page
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Gary Mabee Visuals Ltd Company Information for the year ended 31 July 2024
Director
Gary Mabee
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
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Gary Mabee Visuals Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,191 
53,579 
Current assets
Debtors
10,489 
8,452 
Cash at bank and in hand
102,426 
52,815 
112,915 
61,267 
Creditors: amounts falling due within one year
(36,697)
1,435 
Net current assets
76,218 
62,702 
Net assets
110,409 
116,281 
Capital and reserves
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
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Gary Mabee Visuals Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 July 2024
5,422 
28,769 
34,191 
At 31 July 2023
15,220 
38,359 
53,579 
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Gary Mabee Visuals Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
Accruals
463 
443 
36,697 
(1,435)
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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