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REGISTERED NUMBER: SC176913 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

GAS CERTIFICATION COMPANY LIMITED

GAS CERTIFICATION COMPANY LIMITED (REGISTERED NUMBER: SC176913)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

GAS CERTIFICATION COMPANY LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mrs E Loudon



SECRETARY: Mrs E Loudon



REGISTERED OFFICE: 29 Brandon Street
Hamilton
ML3 6DA



REGISTERED NUMBER: SC176913 (Scotland)



ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA



BANKERS: The Royal Bank of Scotland
8 Hopetoun Street
Bathgate
EH48 4EU

GAS CERTIFICATION COMPANY LIMITED (REGISTERED NUMBER: SC176913)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,374 6,562

CURRENT ASSETS
Debtors 6 95,311 98,932
Cash at bank and in hand 350,133 303,257
445,444 402,189
CREDITORS
Amounts falling due within one year 7 145,099 133,519
NET CURRENT ASSETS 300,345 268,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,719

275,232

PROVISIONS FOR LIABILITIES 1,094 1,247
NET ASSETS 303,625 273,985

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 303,623 273,983
SHAREHOLDERS' FUNDS 303,625 273,985

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 29 August 2023 and were signed by:



Mrs E Loudon - Director


GAS CERTIFICATION COMPANY LIMITED (REGISTERED NUMBER: SC176913)

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

1. STATUTORY INFORMATION

Gas Certification Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis.

Turnover and revenue recognition
Turnover is derived from running training and certification courses and performing gas safety audits.

Turnover therefore represents the fair value of these services supplied by the company, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - Straight line over 5 years and Straight line over 4 years

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £2,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

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.


GAS CERTIFICATION COMPANY LIMITED (REGISTERED NUMBER: SC176913)

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

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
Government grants which are deemed to be revenue in nature are credited to the profit and loss account as they become receivable. Grants of a capital nature are treated as deferred income and released to the profit and loss account over the expected useful lives of the specific assets to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 93,899
DEPRECIATION
At 1 August 2022 87,337
Charge for year 2,188
At 31 July 2023 89,525
NET BOOK VALUE
At 31 July 2023 4,374
At 31 July 2022 6,562

GAS CERTIFICATION COMPANY LIMITED (REGISTERED NUMBER: SC176913)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 91,335 91,116
Other debtors 3,976 7,816
95,311 98,932

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15,928 9,102
Taxation and social security 83,766 79,646
Other creditors 45,405 44,771
145,099 133,519

8. PENSION COMMITMENTS

Included within other creditors are contributions totalling £1,164 (2022 - £1,538) which were due to the pension scheme at the year end.

9. RELATED PARTY DISCLOSURES

At the year end the director had advanced funds to the company totalling £322 (2022 - £986). This balance is unsecured, interest free and is expected to be repaid shortly after the year end.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Gas Certification Company Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gas Certification Company Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Gas Certification Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gas Certification Company Limited and state those matters that we have agreed to state to the director of Gas Certification Company Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Gas Certification Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gas Certification Company Limited. You consider that Gas Certification Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gas Certification Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


29 August 2023