Caseware UK (AP4) 2024.0.164 2024.0.164 72023-03-01falseNo description of principal activity6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11686829 2023-03-01 2024-02-29 11686829 2022-03-01 2023-02-28 11686829 2024-02-29 11686829 2023-02-28 11686829 c:Director1 2023-03-01 2024-02-29 11686829 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 11686829 d:Buildings d:LongLeaseholdAssets 2024-02-29 11686829 d:Buildings d:LongLeaseholdAssets 2023-02-28 11686829 d:ComputerEquipment 2023-03-01 2024-02-29 11686829 d:ComputerEquipment 2024-02-29 11686829 d:ComputerEquipment 2023-02-28 11686829 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11686829 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11686829 d:CurrentFinancialInstruments 2024-02-29 11686829 d:CurrentFinancialInstruments 2023-02-28 11686829 d:Non-currentFinancialInstruments 2024-02-29 11686829 d:Non-currentFinancialInstruments 2023-02-28 11686829 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11686829 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11686829 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 11686829 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11686829 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 11686829 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 11686829 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 11686829 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 11686829 d:ShareCapital 2024-02-29 11686829 d:ShareCapital 2023-02-28 11686829 d:RetainedEarningsAccumulatedLosses 2024-02-29 11686829 d:RetainedEarningsAccumulatedLosses 2023-02-28 11686829 c:FRS102 2023-03-01 2024-02-29 11686829 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11686829 c:FullAccounts 2023-03-01 2024-02-29 11686829 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11686829 2 2023-03-01 2024-02-29 11686829 4 2023-03-01 2024-02-29 11686829 e:PoundSterling 2023-03-01 2024-02-29 11686829 d:EntityControlledByKeyManagementPersonnel1 2023-03-01 2024-02-29 11686829 d:EntityControlledByKeyManagementPersonnel1 2024-02-29 11686829 d:EntityControlledByKeyManagementPersonnel1 2023-02-28 iso4217:GBP xbrli:pure


















Gabriel Scott Ltd























Unaudited

Financial statements



for the year ended 29 February 2024



Registered number: 11686829

 
Gabriel Scott Ltd - Registered number: 11686829


Statement of financial position
As at 29 February 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
86,205
101,386

  
86,205
101,386

Current assets
  

Stocks
  
552,054
420,039

Debtors
 5 
389,227
820,299

Cash at bank and in hand
  
18,800
42,725

  
960,081
1,283,063

Creditors: amounts falling due within one year
 6 
(528,423)
(1,469,425)

Net current assets/(liabilities)
  
 
 
431,658
 
 
(186,362)

Total assets less current liabilities
  
517,863
(84,976)

Creditors: amounts falling due after more than one year
 7 
(17,501)
(27,500)

  

Net assets/(liabilities)
  
500,362
(112,476)


Capital and reserves
  

Share capital
  
1
1

Profit and loss account
  
500,361
(112,477)

  
500,362
(112,476)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
Gabriel Scott Ltd - Registered number: 11686829


Statement of financial position (continued)
As at 29 February 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue and signed by:




S Richler
Director

Date: 30 July 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
Gabriel Scott Ltd
 
 

Notes to the financial statements
For the year ended 29 February 2024

1.


General information

Gabriel Scott Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office address is Suite 1, 7th Floor 50 Broadway, London, SW1H 0DB and and its registered number is 11686829. The principal place of business is 12 Old Burlington Street, Mayfair, London, W1S 3AH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified  within these accounting policies and in accordance with section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit or loss within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
Gabriel Scott Ltd
 

Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
Gabriel Scott Ltd
 

Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10 years
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.13

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.14

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
Gabriel Scott Ltd
 

Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.15

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and related parties and loans to related parties.


3.


Employees

The average monthly number of employees, including the directors, during the year was 6 (2023 - 7).


4.


Tangible fixed assets







Long-term leasehold property
Computer equipment
Total

£
£
£



Cost


At 1 March 2023
150,049
1,208
151,257



At 29 February 2024

150,049
1,208
151,257



Depreciation


At 1 March 2023
48,839
1,032
49,871


Charge for the year
15,005
176
15,181



At 29 February 2024

63,844
1,208
65,052



Net book value



At 29 February 2024
86,205
-
86,205



At 28 February 2023
101,210
176
101,386

Page 6

 
Gabriel Scott Ltd
 
 

Notes to the financial statements
For the year ended 29 February 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
99,430

Other debtors
370,234
601,658

Prepayments and accrued income
18,993
119,211

389,227
820,299



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
170,433
87,995

Amounts owed to group undertakings
-
1,059,941

Corporation tax
51,004
111,673

Other taxation and social security
93,669
26,946

Other creditors
163,656
135,554

Accruals
39,661
37,316

528,423
1,469,425



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
17,501
27,500

17,501
27,500


Page 7

 
Gabriel Scott Ltd
 
 

Notes to the financial statements
For the year ended 29 February 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
17,501
10,000


17,501
10,000

Amounts falling due 2-5 years

Bank loans
-
17,500


-
17,500


27,501
37,500



9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions payable by the company to the fund and amounted to £4,445 (2023: £4,006). Contributions totaling £2,664
(2023: £2,137) were payable to the fund at the reporting date.


10.


Related party transactions

During the year a loan was provided to a director of the company of £181,293 (2023: £172,512) and repayments were made of £424,282 (2023: £nil). Interest of £9,456 (2023: £8,694) was charged on the loan. At the balance sheet date £264,259 (2023: £497,792) was owed to the company.


Page 8