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Registered number: 07812163
Gabriel Maintenance Solution Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 07812163
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,747 30,252
24,747 30,252
CURRENT ASSETS
Stocks 5 228,690 233,690
Debtors 6 33,722 25,440
Cash at bank and in hand 828,208 712,381
1,090,620 971,511
Creditors: Amounts Falling Due Within One Year 7 (102,326 ) (58,046 )
NET CURRENT ASSETS (LIABILITIES) 988,294 913,465
TOTAL ASSETS LESS CURRENT LIABILITIES 1,013,041 943,717
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,546 ) (5,748 )
NET ASSETS 1,007,495 937,969
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 1,007,494 937,968
SHAREHOLDERS' FUNDS 1,007,495 937,969
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Jason Lindsay
Director
30 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gabriel Maintenance Solution Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07812163 . The registered office is Masonic Building, 9 Mill Street, Sutton Coldfield, West Midlands, B72 1TJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of construction services. Turnover is reduced for estimated customer rebates and other similar allowances.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. In respect of work in progress, the cost comprises materials and recoverable direct labour and overhead apportionments. 
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
Page 3
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 55,855 41,221 97,076
Additions - 89 89
As at 31 October 2024 55,855 41,310 97,165
Depreciation
As at 1 November 2023 45,379 21,445 66,824
Provided during the period 2,619 2,975 5,594
As at 31 October 2024 47,998 24,420 72,418
Net Book Value
As at 31 October 2024 7,857 16,890 24,747
As at 1 November 2023 10,476 19,776 30,252
5. Stocks
2024 2023
£ £
Work in progress 228,690 233,690
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,380 14,371
Prepayments and accrued income 10,610 712
Other debtors 13,732 10,357
33,722 25,440
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,317 13,795
Other taxes and social security 56,727 35,110
Other creditors 518 318
Accruals and deferred income 2,540 2,540
Director's loan account 4,224 6,283
102,326 58,046
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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