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
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
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
Gareth James Morgan Limited
Statement of financial position
as at 31 January 2023
Investments
101,913
472,000
Cash at bank and in hand
390
3,320
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)
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
Gareth James Morgan Limited
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
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:
Computer equipment
2-3 years
4
Tangible fixed assets
Computer equipment
Gareth James Morgan Limited
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
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
Loans from directors
540,992
475,278
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
1,687
1,182
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).