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REGISTERED NUMBER: SC241672 (Scotland)















Financial Statements

for the Year Ended 31 December 2023

for

Gorbals MOT Testing Station Limited

Gorbals MOT Testing Station Limited (Registered number: SC241672)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gorbals MOT Testing Station Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: David Kidd





REGISTERED OFFICE: Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YD





REGISTERED NUMBER: SC241672 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Gorbals MOT Testing Station Limited (Registered number: SC241672)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,254 26,182

CURRENT ASSETS
Stocks 5 1,488 1,636
Debtors 6 2,566 1,700
Cash at bank and in hand 23,788 42,234
27,842 45,570
CREDITORS
Amounts falling due within one year 7 47,263 45,837
NET CURRENT LIABILITIES (19,421 ) (267 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,833

25,915

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 2,831 25,913
SHAREHOLDERS' FUNDS 2,833 25,915

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 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.

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 13 March 2024 and were signed by:




David Kidd - Director


Gorbals MOT Testing Station Limited (Registered number: SC241672)

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

1. STATUTORY INFORMATION

Gorbals MOT Testing Station 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Gorbals MOT Testing Station Limited (Registered number: SC241672)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 51,519 1,504 941 53,964
DEPRECIATION
At 1 January 2023 25,874 1,333 575 27,782
Charge for year 3,847 26 55 3,928
At 31 December 2023 29,721 1,359 630 31,710
NET BOOK VALUE
At 31 December 2023 21,798 145 311 22,254
At 31 December 2022 25,645 171 366 26,182

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 1,488 1,636

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade Debtors 2,566 1,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans - LOAN DISBURSAL 8,082 11,174
Trade creditors 5,879 6,180
Tax 3,710 4,653
Social security and other taxes 3,055 2,316
VAT 6 1,644
Other creditors 10,394 18,190
Directors' current accounts 14,334 -
Accrued expenses 1,803 1,680
47,263 45,837

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2