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REGISTERED NUMBER: SC715345 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Gordana Graphics Limited

Gordana Graphics Limited (Registered number: SC715345)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gordana Graphics Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S C MacPherson
Miss T J Shanks





REGISTERED OFFICE: 20 Unity Terrace
Perth
PH1 2BE





REGISTERED NUMBER: SC715345 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Gordana Graphics Limited (Registered number: SC715345)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,091 40,314

CURRENT ASSETS
Debtors 5 6,156 8,253
Cash at bank 22,821 45,544
28,977 53,797
CREDITORS
Amounts falling due within one year 6 14,291 55,911
NET CURRENT ASSETS/(LIABILITIES) 14,686 (2,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,777

38,200

PROVISIONS FOR LIABILITIES 5,684 5,442
NET ASSETS 41,093 32,758

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,993 32,658
41,093 32,758

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

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

The directors acknowledge their 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.

Gordana Graphics Limited (Registered number: SC715345)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





Mr S C MacPherson - Director


Gordana Graphics Limited (Registered number: SC715345)

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

1. STATUTORY INFORMATION

Gordana Graphics 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2022 - 2 ) .

Gordana Graphics Limited (Registered number: SC715345)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023 - 51,995 51,995
Additions 2,720 - 2,720
At 31 December 2023 2,720 51,995 54,715
DEPRECIATION
At 1 January 2023 - 11,681 11,681
Charge for year 544 10,399 10,943
At 31 December 2023 544 22,080 22,624
NET BOOK VALUE
At 31 December 2023 2,176 29,915 32,091
At 31 December 2022 - 40,314 40,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,040 7,375
Other debtors 1,116 878
6,156 8,253

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,748 3,208
Taxation and social security 9,917 10,923
Other creditors 626 41,780
14,291 55,911

Gordana Graphics Limited (Registered number: SC715345)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
Mr S C MacPherson
Balance outstanding at start of year (39,950 ) -
Amounts advanced 41,912 50
Amounts repaid (1,962 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (39,950 )

Miss T J Shanks
Balance outstanding at start of year (165 ) -
Amounts advanced 2,169 1,768
Amounts repaid (2,004 ) (1,933 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (165 )

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr S C MacPherson & Miss T J Shanks, by virtue of their equal shareholding.