GABAR LIMITED

Company Registration Number:
NI070366 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

GABAR LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

GABAR LIMITED

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 21,792 29,056
Tangible assets: 4 341,661 366,205
Total fixed assets: 363,453 395,261
Current assets
Stocks: 321,127 329,722
Debtors:   148,960 129,913
Cash at bank and in hand: 18,666 6,356
Total current assets: 488,753 465,991
Creditors: amounts falling due within one year:   (276,099) (291,243)
Net current assets (liabilities): 212,654 174,748
Total assets less current liabilities: 576,107 570,009
Creditors: amounts falling due after more than one year:   (13,126) (68,507)
Total net assets (liabilities): 562,981 501,502
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 562,881 501,402
Shareholders funds: 562,981 501,502

The notes form part of these financial statements

GABAR LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 May 2025
and signed on behalf of the board by:

Name: Gabriel McGeown
Status: Director

The notes form part of these financial statements

GABAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write of the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful life as follows. Land & Buildings 2% straight line Plant & Machinery 20% straight line Fixtures 23% straight line Motor vehicles 20% straight line. The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Intangible fixed assets and amortisation policy

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition costs over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

GABAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 9 9

GABAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Intangible Assets

Total
Cost £
At 01 October 2023 153,105
At 30 September 2024 153,105
Amortisation
At 01 October 2023 124,049
Charge for year 7,264
At 30 September 2024 131,313
Net book value
At 30 September 2024 21,792
At 30 September 2023 29,056

GABAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible Assets

Total
Cost £
At 01 October 2023 561,187
Additions 7,040
Disposals (18,800)
At 30 September 2024 549,427
Depreciation
At 01 October 2023 194,982
Charge for year 24,064
On disposals (11,280)
At 30 September 2024 207,766
Net book value
At 30 September 2024 341,661
At 30 September 2023 366,205