Company Registration No. 13937447 (England and Wales)
Gaia Vibrance Ltd
Unaudited accounts
for the year ended 29 February 2024
Gaia Vibrance Ltd
Unaudited accounts
Contents
Gaia Vibrance Ltd
Company Information
for the year ended 29 February 2024
Directors
Mr Charles Bishop
Ms Elise Yuill
Company Number
13937447 (England and Wales)
Registered Office
1 Levy Water, Ballard Lane
Ashburton
Newton Abbot
Devon
TQ13 7QA
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
Gaia Vibrance Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
18,089
21,620
Cash at bank and in hand
1,166
192
Creditors: amounts falling due within one year
(20,576)
(17,161)
Net current liabilities
(16,509)
(16,969)
Total assets less current liabilities
1,580
4,651
Creditors: amounts falling due after more than one year
(5,200)
(7,600)
Net liabilities
(3,620)
(2,949)
Called up share capital
10
10
Profit and loss account
(3,630)
(2,959)
Shareholders' funds
(3,620)
(2,949)
For the year ending 29 February 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 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 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 of Directors and authorised for issue on 19 October 2024 and were signed on its behalf by
Ms Elise Yuill
Director
Company Registration No. 13937447
Gaia Vibrance Ltd
Notes to the Accounts
for the year ended 29 February 2024
Gaia Vibrance Ltd is a private company, limited by shares, registered in England and Wales, registration number 13937447. The registered office is 1 Levy Water, Ballard Lane, Ashburton, Newton Abbot, Devon, TQ13 7QA.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
28,597
230
28,827
Additions
1,100
1,399
2,499
At 29 February 2024
29,697
1,629
31,326
At 1 March 2023
7,149
58
7,207
Charge for the year
5,637
393
6,030
At 29 February 2024
12,786
451
13,237
At 29 February 2024
16,911
1,178
18,089
At 28 February 2023
21,448
172
21,620
Amounts falling due within one year
Gaia Vibrance Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,400
2,400
Obligations under finance leases and hire purchase contracts
1,166
-
Loans from directors
10,425
14,041
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).