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Unaudited Financial Statements for the Year Ended 31 March 2023

for

George Gill Financial Services Limited

George Gill Financial Services Limited (Registered number: SC299207)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


George Gill Financial Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: G Gill





SECRETARY:





REGISTERED OFFICE: 6 Ash Terrace
Stirling
FK8 2PW





REGISTERED NUMBER: SC299207 (Scotland)





ACCOUNTANTS: D & A Pearston Ltd
Chartered Accountants
73 Stirling Business Centre
Wellgreen Place
Stirling
FK8 2DZ

George Gill Financial Services Limited (Registered number: SC299207)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 332,354 51,633

CURRENT ASSETS
Debtors 5 52,006 48,225
Cash at bank 200,460 283,548
252,466 331,773
CREDITORS
Amounts falling due within one year 6 59,048 61,892
NET CURRENT ASSETS 193,418 269,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,772

321,514

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 8 525,762 321,504
SHAREHOLDERS' FUNDS 525,772 321,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 2 October 2023 and were signed by:





G Gill - Director


George Gill Financial Services Limited (Registered number: SC299207)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

George Gill Financial Services Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover represents invoiced sales of goods and services.

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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 NIL (2022 - 1 ).

George Gill Financial Services Limited (Registered number: SC299207)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 50,000 9,168 59,168
Additions 279,816 1,750 281,566
At 31 March 2023 329,816 10,918 340,734
DEPRECIATION
At 1 April 2022 - 7,535 7,535
Charge for year - 845 845
At 31 March 2023 - 8,380 8,380
NET BOOK VALUE
At 31 March 2023 329,816 2,538 332,354
At 31 March 2022 50,000 1,633 51,633

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 52,006 48,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1 (1 )
Taxation and social security 57,337 60,231
Other creditors 1,710 1,662
59,048 61,892

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
10 Ordinary £1 10 10

8. RESERVES
Retained
earnings
£   

At 1 April 2022 321,504
Profit for the year 245,432
Dividends (41,174 )
At 31 March 2023 525,762

George Gill Financial Services Limited (Registered number: SC299207)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
G Gill
Balance outstanding at start of year 47,949 47,453
Amounts advanced 3,887 496
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,836 47,949

10. ULTIMATE CONTROLLING PARTY

The controlling party is G Gill.