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REGISTERED NUMBER: SC385109 (Scotland)















Financial Statements for the Year Ended 30 September 2023

for

Plummers GM Limited

Plummers GM Limited (Registered number: SC385109)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plummers GM Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S Plummer
Mrs S Plummer





SECRETARY: Mrs S Plummer





REGISTERED OFFICE: Easter Downiedrum
Main Street
Blairingone
Dollar
FK14 7NU





REGISTERED NUMBER: SC385109 (Scotland)






Plummers GM Limited (Registered number: SC385109)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,786 63,320

CURRENT ASSETS
Stocks 1,500 3,033
Debtors 5 52,826 70,710
Cash at bank and in hand 27,823 26,418
82,149 100,161
CREDITORS
Amounts falling due within one year 6 105,403 126,221
NET CURRENT LIABILITIES (23,254 ) (26,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,532

37,260

CREDITORS
Amounts falling due after more than one
year

7

-

(12,258

)

PROVISIONS FOR LIABILITIES (5,970 ) (7,572 )
NET ASSETS 23,562 17,430

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 23,560 17,428
SHAREHOLDERS' FUNDS 23,562 17,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Plummers GM Limited (Registered number: SC385109)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by:





S Plummer - Director


Plummers GM Limited (Registered number: SC385109)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Plummers GM 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred trecognized 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Plummers GM Limited (Registered number: SC385109)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 19,673 33,664 47,509 5,385 106,231
Additions - 639 - - 639
At 30 September 2023 19,673 34,303 47,509 5,385 106,870
DEPRECIATION
At 1 October 2022 2,300 14,177 22,171 4,263 42,911
Charge for year 1,737 3,997 5,068 371 11,173
At 30 September 2023 4,037 18,174 27,239 4,634 54,084
NET BOOK VALUE
At 30 September 2023 15,636 16,129 20,270 751 52,786
At 30 September 2022 17,373 19,487 25,338 1,122 63,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,420 69,510
Other debtors 406 1,200
52,826 70,710

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 7,061
Trade creditors 40,887 57,420
Taxation and social security 39,188 31,451
Other creditors 25,328 30,289
105,403 126,221

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 12,258

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

Plummers GM Limited (Registered number: SC385109)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. RESERVES
Retained
earnings
£   

At 1 October 2022 17,428
Profit for the year 72,132
Dividends (66,000 )
At 30 September 2023 23,560

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr & Mrs S Plummer throughout the year under review. Mr & Mrs S Plummer are the directors and shareholders.