Gobebrilliant Limited
Registered number: 08770052
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,908 11,793
Current assets
Debtors 4 47,690 63,590
Cash at bank and in hand 47,529 70,110
95,219 133,700
Creditors: amounts falling due within one year 5 (11,821) (21,662)
Net current assets 83,398 112,038
Total assets less current liabilities 90,306 123,831
Provisions for liabilities (3,125) (3,125)
Net assets 87,181 120,706
Capital and reserves
Called up share capital 100 100
Profit and loss account 87,081 120,606
Shareholder's funds 87,181 120,706
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
J Peach
Director
Approved by the board on 15 October 2024
Gobebrilliant Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 section 1(a), 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 time incurred for work performed to date to the total estimated contract time.
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 over 3 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 6,242 22,174 28,416
Additions - 823 823
At 30 April 2024 6,242 22,997 29,239
Depreciation
At 1 May 2023 2,627 13,996 16,623
Charge for the year 664 5,044 5,708
At 30 April 2024 3,291 19,040 22,331
Net book value
At 30 April 2024 2,951 3,957 6,908
At 30 April 2023 3,615 8,178 11,793
4 Debtors 2024 2023
£ £
Trade debtors 2,873 6,666
Directors' loan account 43,313 55,713
Other debtors 1,504 1,211
47,690 63,590
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 6,499 15,351
Other taxes and social security costs 4,722 5,711
Other creditors 600 600
11,821 21,662
6 Other information
Gobebrilliant Limited is a private company limited by shares and incorporated in England. Its registered office is:
Basepoint Business Centre
Rivermead Drive
Swindon
Wilts
SN5 7EX
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