0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 25,000 25,000 xbrli:pure xbrli:shares iso4217:GBP 07065840 2023-01-01 2023-12-31 07065840 2023-12-31 07065840 2022-12-31 07065840 2022-01-01 2022-12-31 07065840 2022-12-31 07065840 2021-12-31 07065840 bus:Director1 2023-01-01 2023-12-31 07065840 core:WithinOneYear 2023-12-31 07065840 core:WithinOneYear 2022-12-31 07065840 core:ShareCapital 2023-12-31 07065840 core:ShareCapital 2022-12-31 07065840 core:RetainedEarningsAccumulatedLosses 2023-12-31 07065840 core:RetainedEarningsAccumulatedLosses 2022-12-31 07065840 bus:Director1 2023-12-31 07065840 bus:Director1 2021-12-31 07065840 bus:Director1 2022-01-01 2022-12-31 07065840 bus:SmallEntities 2023-01-01 2023-12-31 07065840 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07065840 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07065840 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07065840 bus:FullAccounts 2023-01-01 2023-12-31 07065840 core:LicencesFranchises 2023-01-01 2023-12-31 07065840 core:LicencesFranchises 2023-12-31
COMPANY REGISTRATION NUMBER: 07065840
800 LB Gorilla Limited
Filleted Unaudited Financial Statements
31 December 2023
800 LB Gorilla Limited
Balance Sheet
31 December 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
5
8,191
8,405
Cash at bank and in hand
8,695
14,764
--------
--------
16,886
23,169
Creditors: amounts falling due within one year
6
( 15,410)
( 18,674)
--------
--------
Net current assets
1,476
4,495
-------
-------
Total assets less current liabilities
1,476
4,495
-------
-------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
476
3,495
-------
-------
Shareholders funds
1,476
4,495
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr O T Morton
Director
Company registration number: 07065840
800 LB Gorilla Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Old Mason's Arms, Piper Lane, Bradford Road, Otley, West Yorkshire, LS21 3EQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Franchise Fee
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and related parties.
4. Intangible assets
Franchise Fee
£
Cost
At 1 January 2023 and 31 December 2023
25,000
--------
Amortisation
At 1 January 2023 and 31 December 2023
25,000
--------
Carrying amount
At 31 December 2023
--------
At 31 December 2022
--------
5. Debtors
2023
2022
£
£
Other debtors
8,191
8,405
-------
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
9,158
11,016
Other creditors
6,252
7,658
--------
--------
15,410
18,674
--------
--------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr O T Morton
1,871
1,871
----
-------
----
-------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr O T Morton
3,307
( 3,307)
-------
----
-------
----