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Company Registration No. 11907143 (England and Wales)
GABS7 LTD Unaudited accounts for the year ended 31 March 2024
GABS7 LTD Unaudited accounts Contents
Page
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GABS7 LTD Company Information for the year ended 31 March 2024
Director
Shehin Mustafov
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
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GABS7 LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,457 
726 
Current assets
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 
Net assets
47,683 
26,257 
Capital and reserves
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
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GABS7 LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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
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.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,450 
Additions
4,124 
At 31 March 2024
5,574 
Depreciation
At 1 April 2023
724 
Charge for the year
1,393 
At 31 March 2024
2,117 
Net book value
At 31 March 2024
3,457 
At 31 March 2023
726 
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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 
37,797 
24,486 
6
Share capital
2024 
2023 
£ 
£ 
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).
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