Registered number
07898291
Gabriel Star Limited
Filleted Accounts
for the year ended 31 January 2024
Gabriel Star Limited
Registered number: 07898291
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 143,750 144,000
Current assets
Debtors 4 59,234 55,961
Cash at bank and in hand 37,110 7,129
96,344 63,090
Creditors: amounts falling due within one year 5 (65,631) (66,987)
Net current assets/(liabilities) 30,713 (3,897)
Total assets less current liabilities 174,463 140,103
Creditors: amounts falling due after more than one year 6 (94,102) (94,702)
Net assets 80,361 45,401
Capital and reserves
Called up share capital 2 2
Profit and loss account 80,359 45,399
Shareholders' funds 80,361 45,401
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Daniel Murphy
Director
Approved by the board on 3 October 2024
Gabriel Star Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rendering of services.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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balances
Fixtures, fittings, tools and equipment 20% reducing balances
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 143,000 8,817 151,817
At 31 January 2024 143,000 8,817 151,817
Depreciation
At 1 February 2023 - 7,817 7,817
Charge for the year - 250 250
At 31 January 2024 - 8,067 8,067
Net book value
At 31 January 2024 143,000 750 143,750
At 31 January 2023 143,000 1,000 144,000
4 Debtors 2024 2023
£ £
Trade debtors 12,643 12,511
Other debtors 46,591 43,450
59,234 55,961
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,760 -
NEST Pension Scheme 34 34
Taxation and social security costs 31,302 13,903
Other creditors 30,535 53,050
65,631 66,987
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 94,102 94,702
7 Other information
Gabriel Star Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
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