Gabel Commodity Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07877819 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Gabel Commodity Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Stevens

REGISTERED OFFICE:

73 Ladywood Avenue

Belper

Derbyshire

DE56 1HT

REGISTERED NUMBER:

07877819 (England and Wales)

ACCOUNTANTS:

SPi Accountancy LLP

Unit 10 Tiger Court

Kings Business Park

Knowsley

Liverpool

Merseyside

L34 1BH

FIXED ASSETS

Tangible assets

4

7,169

9,347

CURRENT ASSETS

Debtors

5

6,700

17,756

Cash at bank

43,447

43,562

50,147

61,318

CREDITORS

Amounts falling due within one year

6

37,767

50,463

NET CURRENT ASSETS

12,380

10,855

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,549

20,202

CREDITORS

Amounts falling due after more than one
year

7

-

(2,581

)

PROVISIONS FOR LIABILITIES

8

(1,792

)

(2,337

)

NET ASSETS

17,757

15,284

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

17,657

15,184

SHAREHOLDERS' FUNDS

17,757

15,284

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 June 2025 and were signed by:

Mr G Stevens - Director

1.	STATUTORY INFORMATION

Gabel Commodity Services Ltd 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 reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

13,795

6,250

1,713

21,758

DEPRECIATION

At 1 January 2024

6,035

4,663

1,713

12,411

Charge for year

1,940

238

-

2,178

At 31 December 2024

7,975

4,901

1,713

14,589

NET BOOK VALUE

At 31 December 2024

5,820

1,349

-

7,169

At 31 December 2023

7,760

1,587

-

9,347

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

6,600

17,656

Other debtors

100

6,700

17,756

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

14,597

25,245

Hire purchase contracts

2,581

3,428

Trade creditors

4,691

9,008

Taxation and social security

13,212

9,989

Other creditors

2,686

2,793

37,767

50,463

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Hire purchase contracts

-

2,581

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

1,792

2,337

Deferred

tax

£

Balance at 1 January 2024

2,337

Deferred Tax provision

(545

)

Balance at 31 December 2024

1,792

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

Mr G Stevens

Balance outstanding at start of year

-

Amounts advanced

86,840

29,662

Amounts repaid

(86,840

)

(29,662

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

10.	RELATED PARTY DISCLOSURES

During the year dividends totalling £14,845 ( 2023 - £11,266 ) were paid to the director and dividends totalling £14,262 ( 2023 - £10,824 ) were paid to Mrs Cara Maw-Stevens.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Stevens.