REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2021 to 29 November 2022 |
for |
Gordon Campbell Electrical Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2021 to 29 November 2022 |
for |
Gordon Campbell Electrical Ltd |
Gordon Campbell Electrical Ltd (Registered number: SC614924) |
Contents of the Financial Statements |
for the Period 1 December 2021 to 29 November 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Gordon Campbell Electrical Ltd |
Company Information |
for the Period 1 December 2021 to 29 November 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Achorn House |
34 Millbank Road |
Munlochy |
Ross-Shire |
IV8 8ND |
Gordon Campbell Electrical Ltd (Registered number: SC614924) |
Abridged Balance Sheet |
29 November 2022 |
29.11.22 | 30.11.21 |
£ | £ |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
Gordon Campbell Electrical Ltd (Registered number: SC614924) |
Notes to the Financial Statements |
for the Period 1 December 2021 to 29 November 2022 |
1. | STATUTORY INFORMATION |
Gordon Campbell Electrical Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company ceased trading on 31 March 2021 and the accounts have been prepared on a break-up basis. No adjustments have been made as a result of this basis as the director is of the opinion that the recoverable value of each asset is not materially different from the carrying value. |
Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non convertible preference shares and non puttable ordinary or preference shares are publicly traded or their fair value can otherwise be measured reliably , the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. |
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. |
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately. |
All equity investments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. |
Any reversals of impairment are recognised in profit and loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. |
Taxation |
Taxation for the period 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 period 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. |
Gordon Campbell Electrical Ltd (Registered number: SC614924) |
Notes to the Financial Statements - continued |
for the Period 1 December 2021 to 29 November 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 29 November 2022 and the year ended 30 November 2021: |
29.11.22 | 30.11.21 |
£ | £ |
Balance outstanding at start of period |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
The director's loan bears interest at 2.25%, is unsecured and has no fixed terms of repayment. |