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COMPANY REGISTRATION NUMBER: 11859691
Gabby Business Consultancy Limited
Unaudited Financial Statements
31 March 2025
Gabby Business Consultancy Limited
Strategic Report
Year ended 31 March 2025
No disclosure information required in the strategic report.
This report was approved by the board of directors on 25 May 2025 and signed on behalf of the board by:
MR J E Bruce-Quansah
Director
Registered office:
7a Cricklewood Broadway
London
United Kingdom
NW2 3JX
Gabby Business Consultancy Limited
Director's Report
Year ended 31 March 2025
The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2025 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year. It is anticipated that the company will remain dormant for the foreseeable future.
Principal activities
The principal activity of the company during the year was non-trading.
Director
The director who served the company during the year was as follows:
MR J E Bruce-Quansah
The company is a small entity, no additionally information regarding the appointment and resignation dates of directors have been disclosed .
Dividends
The director does not recommend the payment of a dividend.
Disclosure of information in the strategic report
The company is dormant.It is a non-trading company.no strategic report required
This report was approved by the board of directors on 25 May 2025 and signed on behalf of the board by:
MR J E Bruce-Quansah
Director
Registered office:
7a Cricklewood Broadway
London
United Kingdom
NW2 3JX
Gabby Business Consultancy Limited
Income Statement
Year ended 31 March 2025
2025
2024
Note
£
£
Turnover
4
19,525
Cost of sales
1,556
----
--------
Gross profit
17,969
Administrative expenses
18,234
----
--------
Operating loss
5
( 265)
Interest payable and similar expenses
6
636
----
--------
Loss before taxation
( 901)
Tax on loss
----
----
Loss for the financial year
( 901)
----
----
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year.
Gabby Business Consultancy Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
7
1,774
1,774
Current assets
Debtors
8
7,255
7,255
Cash at bank and in hand
18,758
18,758
--------
--------
26,013
26,013
Creditors: amounts falling due within one year
9
10,000
10,000
--------
--------
Net current assets
16,013
16,013
--------
--------
Total assets less current liabilities
17,787
17,787
Creditors: amounts falling due after more than one year
10
20,000
20,000
--------
--------
Net liabilities
( 2,213)
( 2,213)
--------
--------
Gabby Business Consultancy Limited
Statement of Financial Position (continued)
31 March 2025
2025
2024
Note
£
£
Capital and reserves
Called up share capital
11
1
1
Profit and loss account
12
( 2,214)
( 2,214)
-------
-------
Shareholders deficit
( 2,213)
( 2,213)
-------
-------
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 May 2025 , and are signed on behalf of the board by:
MR J E Bruce-Quansah
Director
Company registration number: 11859691
Gabby Business Consultancy Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7a Cricklewood Broadway, London, NW2 3JX, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The entity is dormant as defined by section 1169 of the Companies Act 2006. The entity received no income and incurred no expenditure during the current year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. 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 assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Turnover
Turnover arises from:
2025
2024
£
£
Sale of goods
19,525
----
--------
No turnover, Non-trading company.
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Operating loss
Operating profit or loss is stated after charging:
2025
2024
£
£
Depreciation of tangible assets
591
Impairment of trade debtors
8,450
----
-------
6. Interest payable and similar expenses
2025
2024
£
£
Other interest payable and similar charges
636
----
----
7. Tangible assets
Equipment
£
Cost
At 1 April 2024 and 31 March 2025
4,691
-------
Depreciation
At 1 April 2024 and 31 March 2025
2,917
-------
Carrying amount
At 31 March 2025
1,774
-------
At 31 March 2024
1,774
-------
8. Debtors
2025
2024
£
£
Trade debtors
7,255
7,255
-------
-------
9. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
--------
--------
10. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
20,000
20,000
--------
--------
11. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
12. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
13. Analysis of changes in net debt
At 1 Apr 2024
Cash flows
At 31 Mar 2025
£
£
£
Cash at bank and in hand
18,758
18,758
Debt due within one year
(10,000)
(10,000)
Debt due after one year
(20,000)
(20,000)
--------
----
--------
( 11,242)
( 11,242)
--------
----
--------