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Company Registration No. 8691126 (England and Wales)
GABEST LTD Unaudited accounts for the year ended 30 September 2024
GABEST LTD Unaudited accounts Contents
Page
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GABEST LTD Company Information for the year ended 30 September 2024
Directors
Mr. Olatunde O Akande Mr. Olumuyiwa Daniel Ariyo
Company Number
8691126 (England and Wales)
Registered Office
23 Emperor Crescent Pineham Northampton Northamptonshire NN4 9FA
Accountants
Jabez AOO Accountants 29 Regent Square Belvedere Kent DA17 6EP
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GABEST LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
27,285 
17,800 
Debtors
35,356 
13,798 
62,641 
31,598 
Creditors: amounts falling due within one year
(18,905)
(19,226)
Net current assets
43,736 
12,372 
Total assets less current liabilities
43,736 
12,372 
Creditors: amounts falling due after more than one year
(48,167)
(60,904)
Net liabilities
(4,431)
(48,532)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(4,432)
(48,533)
Shareholders' funds
(4,431)
(48,532)
For the year ending 30 September 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 8 February 2025 and were signed on its behalf by
Mr. Olatunde O Akande Director Company Registration No. 8691126
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GABEST LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
GABEST LTD is a private company, limited by shares, registered in England and Wales, registration number 8691126. The registered office is 23 Emperor Crescent, Pineham, Northampton, Northamptonshire, NN4 9FA.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
8,088 
4,798 
Trade debtors
27,200 
9,000 
Other debtors
68 
- 
35,356 
13,798 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,046 
293 
Trade creditors
5,500 
18,000 
Other creditors
4,359 
933 
18,905 
19,226 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,667 
24,404 
Trade creditors
31,500 
36,500 
48,167 
60,904 
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GABEST LTD Notes to the Accounts for the year ended 30 September 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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