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REGISTERED NUMBER: 09977982 (England and Wales)








Unaudited Financial Statements

For The Year Ended 29 July 2024

for

Gecko Innovations Ltd

Gecko Innovations Ltd (Registered number: 09977982)






Contents of the Financial Statements
For The Year Ended 29 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gecko Innovations Ltd

Company Information
For The Year Ended 29 July 2024







DIRECTORS: M Penprase
Mrs L Penprase





REGISTERED OFFICE: Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL





BUSINESS ADDRESS: The Old Grain Store
Hampage Farm
Alresford
S024 0HX





REGISTERED NUMBER: 09977982 (England and Wales)





ACCOUNTANTS: TC Bromhead Limited
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Gecko Innovations Ltd (Registered number: 09977982)

Balance Sheet
29 July 2024

29.7.24 29.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 315,358 262,082

CURRENT ASSETS
Stocks 37,928 32,778
Debtors 5 168,791 206,994
Cash at bank 445,997 389,356
652,716 629,128
CREDITORS
Amounts falling due within one year 6 95,585 206,090
NET CURRENT ASSETS 557,131 423,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

872,489

685,120

PROVISIONS FOR LIABILITIES 30,625 -
NET ASSETS 841,864 685,120

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 841,854 685,110
841,864 685,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





M Penprase - Director


Gecko Innovations Ltd (Registered number: 09977982)

Notes to the Financial Statements
For The Year Ended 29 July 2024

1. STATUTORY INFORMATION

Gecko Innovations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

Gecko Innovations Ltd (Registered number: 09977982)

Notes to the Financial Statements - continued
For The Year Ended 29 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 July 2023 522,275
Additions 163,588
Disposals (69,610 )
At 29 July 2024 616,253
DEPRECIATION
At 30 July 2023 260,193
Charge for year 76,833
Eliminated on disposal (36,131 )
At 29 July 2024 300,895
NET BOOK VALUE
At 29 July 2024 315,358
At 29 July 2023 262,082

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.24 29.7.23
£    £   
Trade debtors 139,477 184,674
Other debtors 29,314 22,320
168,791 206,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.24 29.7.23
£    £   
Trade creditors 10,721 20,116
Taxation and social security 75,375 122,339
Other creditors 9,489 63,635
95,585 206,090

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.7.24 29.7.23
£    £   
Within one year 3,333 18,333
Between one and five years - 3,333
3,333 21,666

Gecko Innovations Ltd (Registered number: 09977982)

Notes to the Financial Statements - continued
For The Year Ended 29 July 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 July 2024 and 29 July 2023:

29.7.24 29.7.23
£    £   
M Penprase
Balance outstanding at start of year (32,219 ) (11,343 )
Amounts advanced 105,752 150,347
Amounts repaid (71,433 ) (171,223 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,100 (32,219 )

The loan is charged at the HMRC official interest rate. It is repayable on demand.