Company Registration No. 11133825 (England and Wales)
Gables Business Finance Limited
Unaudited accounts
for the year ended 31 December 2024
Gables Business Finance Limited
Unaudited accounts
Contents
Gables Business Finance Limited
Company Information
for the year ended 31 December 2024
Directors
M Bailey
F Bailey
Company Number
11133825 (England and Wales)
Registered Office
1st Floor Waterfront One
Waterfront Business Park
Brierley Hill
West Midlands
DY5 1LX
Gables Business Finance Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
40,870
44,714
Creditors: amounts falling due within one year
(64,922)
(62,468)
Net current assets
5,893
18,101
Total assets less current liabilities
5,893
18,131
Creditors: amounts falling due after more than one year
(3,465)
(15,833)
Called up share capital
2
2
Profit and loss account
2,426
2,296
Shareholders' funds
2,428
2,298
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by
M Bailey
Director
Company Registration No. 11133825
Gables Business Finance Limited
Notes to the Accounts
for the year ended 31 December 2024
Gables Business Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 11133825. The registered office is 1st Floor Waterfront One, Waterfront Business Park, Brierley Hill, West Midlands, DY5 1LX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
10,398
12,392
Other debtors
19,547
23,463
Gables Business Finance Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,935
10,000
Taxes and social security
44,663
36,276
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 A Ordinary Share of £1 each
1
1
1 B Ordinary Share of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loan account
8,463
161,085
165,000
4,548
8,463
161,085
165,000
4,548
The balance of the directors' loan is included within other debtors in note 5 as at 31 December 2024 and 31 December 2023.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).