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Registered number: 03982947
Gecko Head Gear Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 03982947
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 22,839 24,755
22,839 24,755
CURRENT ASSETS
Stocks 172,478 123,440
Debtors 195,729 136,883
Cash at bank and in hand 271,180 168,924
639,387 429,247
Creditors: Amounts Falling Due Within One Year (143,541 ) (180,975 )
NET CURRENT ASSETS (LIABILITIES) 495,846 248,272
TOTAL ASSETS LESS CURRENT LIABILITIES 518,685 273,027
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,174 ) (4,502 )
NET ASSETS 514,511 268,525
CAPITAL AND RESERVES
Called up share capital 6 103 103
Profit and Loss Account 514,408 268,422
SHAREHOLDERS' FUNDS 514,511 268,525
Page 1
Page 2
For the year ending 31 December 2023 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr J A Sacree
Director
07/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Gecko Head Gear Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03982947 . The registered office is Suite B First Floor Tourism House, Pynes Hill, Exeter, Devon, EX2 5WS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods manufactured by the company. Turnover is reduced for estimated customer returns, rebates and other similar allowances. It is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patent fees. They are amortised to profit and loss account over their estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
The movement in current and deferred taxation is shown in the profit and loss account.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was  9 (2022: 9)
9 9
4. Intangible Assets
Total
£
Cost
As at 1 January 2023 12,676
As at 31 December 2023 12,676
Amortisation
As at 1 January 2023 12,676
As at 31 December 2023 12,676
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
Intangible assets represent patent fees.
5. Tangible Assets
Total
£
Cost
As at 1 January 2023 236,544
Additions 5,696
As at 31 December 2023 242,240
Depreciation
As at 1 January 2023 211,789
Provided during the period 7,612
As at 31 December 2023 219,401
Net Book Value
As at 31 December 2023 22,839
As at 1 January 2023 24,755
6. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
1 Ordinary A shares of £ 1 each 1 1
1 Ordinary B shares of £ 1 each 1 1
1 Ordinary C shares of £ 1 each 1 1
103 103
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