Company Registration No. 11907143 (England and Wales)
GABS7 LTD
Unaudited accounts
for the year ended 31 March 2024
GABS7 LTD
Unaudited accounts
Contents
GABS7 LTD
Company Information
for the year ended 31 March 2024
Company Number
11907143 (England and Wales)
Registered Office
77 Hazelwood Road
Acoks Green
Birmingham
B27 7XW
Accountants
DoKument Ltd
Corbet Arms
High Street
Market Drayton
Shropshire
TF9 1PY
GABS7 LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
82,023
50,017
Creditors: amounts falling due within one year
(37,797)
(24,486)
Net current assets
44,226
25,531
Called up share capital
1
1
Profit and loss account
47,682
26,256
Shareholders' funds
47,683
26,257
For the year ending 31 March 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 24 October 2024 and were signed on its behalf by
Shehin Mustafov
Director
Company Registration No. 11907143
GABS7 LTD
Notes to the Accounts
for the year ended 31 March 2024
GABS7 LTD is a private company, limited by shares, registered in England and Wales, registration number 11907143. The registered office is 77 Hazelwood Road, Acoks Green, Birmingham, B27 7XW.
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.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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:
Computer equipment
25% Straight line
4
Tangible fixed assets
Computer equipment
GABS7 LTD
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,792
3,764
Loans from directors
32,005
20,722
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).