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REGISTERED NUMBER: OC308125 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

GECKO CREATIVE LLP

GECKO CREATIVE LLP (REGISTERED NUMBER: OC308125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

General Information 1

Report of the Members 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 6


GECKO CREATIVE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DESIGNATED MEMBERS: Miss H S Gibbs
I J Brixton





REGISTERED OFFICE: 30 Parsonage Lane
Bishops Stortford
Herts
CM23 5BG





REGISTERED NUMBER: OC308125 (England and Wales)





ACCOUNTANTS: Barrow LLP
Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT

GECKO CREATIVE LLP (REGISTERED NUMBER: OC308125)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MAY 2024

The members present their report with the financial statements of the LLP for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of an advertising/marketing agency.

DESIGNATED MEMBERS
The designated members during the year under review were:

Miss H S Gibbs
I J Brixton

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £80,412 (2023 - £58,426 profit).

MEMBERS' INTERESTS
Drawings are paid to members at levels agreed in advance and are on account of their share of the profits of the LLP. Any drawings made in excess of their profit share are repayable to the LLP.

Loans from members are made and agreed in order to support the working capital requirements of the LLP.

ON BEHALF OF THE MEMBERS:





Miss H S Gibbs - Designated member


12 November 2024

GECKO CREATIVE LLP (REGISTERED NUMBER: OC308125)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MAY 2024

31.5.24 31.5.23
£    £   

TURNOVER 139,016 90,528

Cost of sales (45,074 ) (18,603 )
GROSS PROFIT 93,942 71,925

Administrative expenses (13,530 ) (13,499 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



80,412



58,426

GECKO CREATIVE LLP (REGISTERED NUMBER: OC308125)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 5,339 9,615

CURRENT ASSETS
Debtors 6 5,764 6,301
Cash at bank 7,939 10,612
13,703 16,913
CREDITORS
Amounts falling due within one year 7 (9,873 ) (5,172 )
NET CURRENT ASSETS 3,830 11,741
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 9,169 21,356

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 8,969 21,156

MEMBERS' OTHER INTERESTS
Capital accounts 200 200
9,169 21,356

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 8,969 21,156
Members' other interests 200 200
9,169 21,356

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 May 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

GECKO CREATIVE LLP (REGISTERED NUMBER: OC308125)

BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 12 November 2024 and were signed by:




Miss H S Gibbs - Designated member




I J Brixton - Designated member


GECKO CREATIVE LLP (REGISTERED NUMBER: OC308125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Gecko Creative LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

GECKO CREATIVE LLP (REGISTERED NUMBER: OC308125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 15,605 6,366 21,971
Additions - 1,165 1,165
Disposals - (1,298 ) (1,298 )
At 31 May 2024 15,605 6,233 21,838
DEPRECIATION
At 1 June 2023 9,022 3,334 12,356
Charge for year 3,901 963 4,864
Eliminated on disposal - (721 ) (721 )
At 31 May 2024 12,923 3,576 16,499
NET BOOK VALUE
At 31 May 2024 2,682 2,657 5,339
At 31 May 2023 6,583 3,032 9,615

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 5,655 6,173
Other debtors 109 128
5,764 6,301

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 389 365
Taxation and social security 8,284 3,607
Other creditors 1,200 1,200
9,873 5,172

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with debts due to other creditors who are unsecured. There is no protection afforded to creditors in such an event which is legally enforceable and cannot be revoked solely by a decision of the members.

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'.