Company Registration No. SC426892 (Scotland)
GOSHEN ADELAK AND AUTOS LIMITED LTD
Unaudited accounts
for the year ended 29 June 2023
GOSHEN ADELAK AND AUTOS LIMITED LTD
Unaudited accounts
Contents
GOSHEN ADELAK AND AUTOS LIMITED LTD
Company Information
for the year ended 29 June 2023
Company Number
SC426892 (Scotland)
Registered Office
47 Broad Street
Glasgow
G40 2QW
United Kingdom
GOSHEN ADELAK AND AUTOS LIMITED LTD
Statement of financial position
as at 29 June 2023
Tangible assets
11,563
13,188
Inventories
173,417
136,709
Cash at bank and in hand
1,514
14,737
Creditors: amounts falling due within one year
(280,903)
(209,522)
Net current liabilities
(105,972)
(58,076)
Net liabilities
(94,409)
(44,888)
Called up share capital
1
1
Profit and loss account
(94,410)
(44,889)
Shareholders' funds
(94,409)
(44,888)
For the year ending 29 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2024 and were signed on its behalf by
Korede Adebisi
Director
Company Registration No. SC426892
GOSHEN ADELAK AND AUTOS LIMITED LTD
Notes to the Accounts
for the year ended 29 June 2023
GOSHEN ADELAK AND AUTOS LIMITED LTD is a private company, limited by shares, registered in Scotland, registration number SC426892. The registered office is 47 Broad Street, Glasgow, G40 2QW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 30 June 2022
7,712
13,570
21,282
At 29 June 2023
7,712
13,570
21,282
At 30 June 2022
1,469
6,625
8,094
Charge for the year
375
1,250
1,625
At 29 June 2023
1,844
7,875
9,719
At 29 June 2023
5,868
5,695
11,563
At 29 June 2022
6,243
6,945
13,188
GOSHEN ADELAK AND AUTOS LIMITED LTD
Notes to the Accounts
for the year ended 29 June 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,000
561
Other creditors
14,212
(1,463)
Loans from directors
261,932
210,424
6
Average number of employees
During the year the average number of employees was 3 (2022: 9).