Gabbey Business Machines (1979) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: NI013926 (Northern Ireland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GABBEY BUSINESS MACHINES (1979) LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

M. Irvine

G Irvine

A R Irvine

REGISTERED OFFICE:

Unit 34 - 35

East Belfast Enterprise Park

308 Albertbridge Road

Belfast

Co. Antrim

BT5 4GX

REGISTERED NUMBER:

NI013926 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

Chartered Certified Accountants

17 Clarendon Road

Clarendon Dock

Belfast

BT1 3BG

BANKERS:

Bank of Ireland

1 Donegall Square South

Belfast

BT1 5LR

FIXED ASSETS

Tangible assets

4

16,005

12,170

Investments

5

8

16,013

12,178

CURRENT ASSETS

Stocks

6

49,725

52,466

Debtors

7

135,301

124,942

Cash at bank and in hand

142,716

123,590

327,742

300,998

CREDITORS

Amounts falling due within one year

8

74,173

66,973

NET CURRENT ASSETS

253,569

234,025

TOTAL ASSETS LESS CURRENT
LIABILITIES

269,582

246,203

PROVISIONS FOR LIABILITIES

3,841

2,921

NET ASSETS

265,741

243,282

CAPITAL AND RESERVES

Called up share capital

6

Share premium

21,037

Retained earnings

244,698

222,239

SHAREHOLDERS' FUNDS

265,741

243,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 authorised for issue by the Board of Directors and authorised for issue on 24 September 2026 and were signed on its behalf by:

G Irvine - Director

1.	STATUTORY INFORMATION

Gabbey Business Machines (1979) Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Preparation of consolidated financial statements

The financial statements contain information about Gabbey Business Machines (1979) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In preparing these financial statements the directors have made the following judgements and estimates:

(a) Recoverability of Debtors

Estimates are made in respect of the recoverable value of trade debtors. When assessing the level of provisions required, factors considered include current experience of debtor book, historical rates of non-recoverability and the ageing profile of debtors. See note 8 for the net carrying amount of debtors.

(b) Carrying value of stock

Stock represents goods for resale and is measured at the lower of cost and net realisable value. Net realisable value it the estimated selling price in the ordinary course of business, less the estimated costs to make the sale. Provision is made for obsolete and slow moving stock based on historical experience.

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 and 20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a money purchase (defined contribution) pension scheme. Contributions payable for the year are charged in the profit and loss account. These contributions are invested separately from the company's assets.

Investments

Investments held as fixed assets are stated at cost less provision for permanent diminution in value. Those held as current assets are stated at the lower of cost and net realisable value. Dividends are brought to account in the profit and loss account when received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Plant and

fittings

Motor

machinery

& equipment

vehicles

Totals

£

COST

At 1 January 2025

26,977

2,529

8,755

38,261

Additions

8,123

-

8,123

At 31 December 2025

35,100

2,529

8,755

46,384

DEPRECIATION

At 1 January 2025

18,171

938

6,982

26,091

Charge for year

3,527

318

443

4,288

At 31 December 2025

21,698

1,256

7,425

30,379

NET BOOK VALUE

At 31 December 2025

13,402

1,273

1,330

16,005

At 31 December 2024

8,806

1,591

1,773

12,170

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

8

NET BOOK VALUE

At 31 December 2025

8

At 31 December 2024

8

The company owns eight of the ten issued ordinary £1 shares in Island Office Supplies Limited. The directors are of the opinion that their shares are not worth more than their par value. Island Office Supplies Limited ceased trading on the 31 December 2012. The company had no transactions in the year ended 31 December 2025 (2024: no transactions), and had no capital and reserves as at 31 December 2025 (2024 - £0).

6.

STOCKS

31.12.25

31.12.24

£

Stocks

49,725

52,466

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

132,693

122,578

Other debtors

2,608

2,364

135,301

124,942

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

12,867

6,770

Taxation and social security

54,507

53,129

Other creditors

6,799

7,074

74,173

66,973

Included in other creditors is an amount of £2,665 (2024: £2,647) in relation to directors current accounts. This amount is interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

Gabbey Business Machines (1979) Limited hold an eighty per cent interest in the equity capital of Island Office Supplies Limited. Island Office Supplies Limited ceased trading on the 31 December 2012, and there was therefore no related party transactions during the year.

10.	ULTIMATE CONTROLLING PARTY

The company continues to be controlled by the Irvine family.