REGISTERED NUMBER: 09664674 (England and Wales)

Financial Statements

for the Year Ended 31st July 2024

for

Gabriel Machin Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Wagner

REGISTERED OFFICE:

7 Market Place

Henley on Thames

Oxfordshire

RG9 2AA

REGISTERED NUMBER:

09664674 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

2 West Street

Henley On Thames

Oxfordshire

RG9 2DU

FIXED ASSETS

Intangible assets

4

50,000

100,000

Tangible assets

5

24,660

30,311

74,660

130,311

CURRENT ASSETS

Stocks

20,000

20,000

Debtors

50,041

60,044

Cash at bank and in hand

315,280

228,138

385,321

308,182

CREDITORS

Amounts falling due within one year

78,059

51,517

NET CURRENT ASSETS

307,262

256,665

TOTAL ASSETS LESS CURRENT LIABILITIES

381,922

386,976

PROVISIONS FOR LIABILITIES

6,165

7,578

NET ASSETS

375,757

379,398

CAPITAL AND RESERVES

Called up share capital

6

200

200

Retained earnings

375,557

379,198

SHAREHOLDERS' FUNDS

375,757

379,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 3rd April 2025 and were signed by:

B Wagner - Director

1.	STATUTORY INFORMATION

Gabriel Machin Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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

-

20% on cost and 10% on cost

Fixtures and fittings

-

20% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33.33% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2023

and 31st July 2024

500,000

AMORTISATION

At 1st August 2023

400,000

Amortisation for year

50,000

At 31st July 2024

450,000

NET BOOK VALUE

At 31st July 2024

50,000

At 31st July 2023

100,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2023

109,541

Additions

3,400

At 31st July 2024

112,941

DEPRECIATION

At 1st August 2023

79,230

Charge for year

9,051

At 31st July 2024

88,281

NET BOOK VALUE

At 31st July 2024

24,660

At 31st July 2023

30,311

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.24

31.7.23

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary A

£1

100

100

200

200

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24

31.7.23

£

£

B Wagner

Balance outstanding at start of year

55,297

(262

)

Amounts advanced

148,459

152,931

Amounts repaid

(158,070

)

(97,372

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

45,686

55,297

The overdrawn loan will be repaid on 6 April 2025.