1 February 2022 false No description of principal activity Taxfiler 2023.9.1 SC604783business:PrivateLimitedCompanyLtd2022-02-012023-01-31 SC6047832022-01-31 SC6047832022-02-012023-01-31 SC604783business:AuditExemptWithAccountantsReport2022-02-012023-01-31 SC604783business:FilletedAccounts2022-02-012023-01-31 SC6047832023-01-31 SC604783business:Director12022-02-012023-01-31 SC604783business:RegisteredOffice2022-02-012023-01-31 SC6047832022-01-31 SC604783core:WithinOneYear2023-01-31 SC604783core:WithinOneYear2022-01-31 SC604783core:AfterOneYear2023-01-31 SC604783core:AfterOneYear2022-01-31 SC604783core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC604783core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 SC604783core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC604783core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 SC604783core:PreviouslyStatedAmount2023-01-31 SC604783core:PreviouslyStatedAmount2022-01-31 SC604783business:SmallEntities2022-02-012023-01-31 SC604783countries:Scotland2022-02-012023-01-31 SC604783core:ComputerEquipment2022-02-012023-01-31 SC604783core:ComputerEquipment2022-01-31 SC604783core:ComputerEquipment2023-01-31 SC6047832021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC604783 (Scotland)
Gareth James Morgan Limited Unaudited accounts for the year ended 31 January 2023
Gareth James Morgan Limited Unaudited accounts Contents
Page
- 2 -
Gareth James Morgan Limited Company Information for the year ended 31 January 2023
Director
Gareth James Morgan
Company Number
SC604783 (Scotland)
Registered Office
Sgarbach House 10 Binniehill Road Cumbernauld Glasgow G68 9AJ Scotland
Accountants
FBD Consultancy, Accounts & Tax Ltd Sgarbach House 10 Binniehill Road Cumbernauld North Lanarkshire G68 9AJ
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Gareth James Morgan Limited for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gareth James Morgan Limited for the year ended 31 January 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
FBD Consultancy, Accounts & Tax Ltd Chartered Accountants Sgarbach House 10 Binniehill Road Cumbernauld North Lanarkshire G68 9AJ 18 October 2023
- 4 -
Gareth James Morgan Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
288 
3,380 
Current assets
Debtors
- 
12,672 
Investments
101,913 
472,000 
Cash at bank and in hand
390 
3,320 
102,303 
487,992 
Creditors: amounts falling due within one year
(547,230)
(482,407)
Net current (liabilities)/assets
(444,927)
5,585 
Total assets less current liabilities
(444,639)
8,965 
Creditors: amounts falling due after more than one year
(7,987)
(10,148)
Net liabilities
(452,626)
(1,183)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(452,627)
(1,184)
Shareholders' funds
(452,626)
(1,183)
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 18 October 2023 and were signed on its behalf by
Gareth James Morgan Director Company Registration No. SC604783
- 5 -
Gareth James Morgan Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Gareth James Morgan Limited is a private company, limited by shares, registered in Scotland, registration number SC604783. The registered office is Sgarbach House 10 Binniehill Road, Cumbernauld, Glasgow , G68 9AJ, Scotland.
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.
3
Accounting policies
These financial statements for the year ended 31 January 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
2-3 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2022
10,850 
At 31 January 2023
10,850 
Depreciation
At 1 February 2022
7,470 
Charge for the year
3,092 
At 31 January 2023
10,562 
Net book value
At 31 January 2023
288 
At 31 January 2022
3,380 
- 6 -
Gareth James Morgan Limited Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
12,672 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
101,913 
472,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,700 
2,303 
Obligations under finance leases and hire purchase contracts
2,047 
3,756 
Other creditors
- 
419 
Loans from directors
540,992 
475,278 
Accruals
1,491 
651 
547,230 
482,407 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,300 
8,966 
Obligations under finance leases and hire purchase contracts
1,687 
1,182 
7,987 
10,148 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 7 -