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REGISTERED NUMBER: SC360981 (Scotland)















Financial Statements For The Year Ended 30 June 2023

for

Gecom Ltd.

Gecom Ltd. (Registered number: SC360981)






Contents of the Financial Statements
For The Year Ended 30 June 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Gecom Ltd.

Company Information
For The Year Ended 30 June 2023







DIRECTORS: C Hilditch
Mrs G J Hilditch





SECRETARY: Mrs G J Hilditch





REGISTERED OFFICE: 25 Ballencrieff Mill
Balmuir Road
Bathgate
West Lothian
EH48 4LL





REGISTERED NUMBER: SC360981 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Gecom Ltd. (Registered number: SC360981)

Abridged Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 588,216 430,124

CURRENT ASSETS
Stocks 6,324 6,841
Debtors 45,894 63,562
Cash at bank and in hand 49,033 8,013
101,251 78,416
CREDITORS
Amounts falling due within one year 212,735 138,955
NET CURRENT LIABILITIES (111,484 ) (60,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,732

369,585

CREDITORS
Amounts falling due after more than one
year

5

(153,703

)

(30,490

)

PROVISIONS FOR LIABILITIES (9,395 ) (8,631 )
NET ASSETS 313,634 330,464

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 313,632 330,462
SHAREHOLDERS' FUNDS 313,634 330,464

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

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

Gecom Ltd. (Registered number: SC360981)

Abridged Statement of Financial Position - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





C Hilditch - Director


Gecom Ltd. (Registered number: SC360981)

Notes to the Financial Statements
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

Gecom Ltd. 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. 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 stated net of VAT. Turnover from the sale of goods is recognised when the goods are physically sold to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance

Financial instruments
The company holds basic financial instrument which are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Current or deferred taxation assets and liabilities are not discounted.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the Statement of Comprehensive Income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

Gecom Ltd. (Registered number: SC360981)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 547,721
Additions 171,857
At 30 June 2023 719,578
DEPRECIATION
At 1 July 2022 117,597
Charge for year 13,765
At 30 June 2023 131,362
NET BOOK VALUE
At 30 June 2023 588,216
At 30 June 2022 430,124

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 93,333 -

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 173,037 40,490

The Royal Bank of Scotland PLC holds a standard security and floating charge over the whole assets of the company including the property.