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REGISTERED NUMBER: 02529118 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Gabletek Limited

Gabletek Limited (Registered number: 02529118)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gabletek Limited

Company Information
for the Year Ended 31st August 2024







DIRECTORS: Mrs S A Lodge
Miss J S Lodge





SECRETARY: Mrs S A Lodge





REGISTERED OFFICE: The Old Village Hall
Kingston Lisle Business Centre
Kingston Lisle
Wantage
OX12 9QX





REGISTERED NUMBER: 02529118 (England and Wales)





ACCOUNTANTS: LJ Smith Accountants Ltd
Orwell House
50 High Street
Hungerford
Berkshire
RG17 0NE

Gabletek Limited (Registered number: 02529118)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,866 7,190

CURRENT ASSETS
Stocks 45,371 52,392
Debtors 5 79,383 73,571
Cash at bank 91,090 62,012
215,844 187,975
CREDITORS
Amounts falling due within one year 6 92,569 85,715
NET CURRENT ASSETS 123,275 102,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,141

109,450

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 128,101 109,410
SHAREHOLDERS' FUNDS 128,141 109,450

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 3rd April 2025 and were signed on its behalf by:





Miss J S Lodge - Director


Gabletek Limited (Registered number: 02529118)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Gabletek 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.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% 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 6 (2023 - 6 ) .

Gabletek Limited (Registered number: 02529118)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st September 2023
and 31st August 2024 37,987 1,621 17,694 57,302
DEPRECIATION
At 1st September 2023 33,618 267 16,227 50,112
Charge for year 1,401 405 518 2,324
At 31st August 2024 35,019 672 16,745 52,436
NET BOOK VALUE
At 31st August 2024 2,968 949 949 4,866
At 31st August 2023 4,369 1,354 1,467 7,190

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,320 73,571
Other debtors 63 -
79,383 73,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,118 22,426
Taxation and social security 74,693 58,852
Other creditors 4,758 4,437
92,569 85,715