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REGISTERED NUMBER: SC636074 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2023

FOR

G-MARX LTD

G-MARX LTD (REGISTERED NUMBER: SC636074)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G-MARX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JULY 2023







DIRECTOR: G M McCluskie





REGISTERED OFFICE: 13 St. Mungo's Crescent
Carfin
Motherwell
ML1 4BB





REGISTERED NUMBER: SC636074 (Scotland)





ACCOUNTANTS: McDaid & Partners
Stanley House
69/71 Hamilton Road
Motherwell
Lanarkshire
ML1 3DG

G-MARX LTD (REGISTERED NUMBER: SC636074)

BALANCE SHEET
30 JULY 2023

30.7.23 30.7.22
Notes £    £   
CURRENT ASSETS
Debtors 4 53,687 55,730
Cash at bank 12,778 744
66,465 56,474
CREDITORS
Amounts falling due within one year 5 27,883 23,990
NET CURRENT ASSETS 38,582 32,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,582

32,484

CREDITORS
Amounts falling due after more than one
year

6

23,363

27,806
NET ASSETS 15,219 4,678

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,218 4,677
SHAREHOLDERS' FUNDS 15,219 4,678

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 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 21 December 2023 and were signed by:




G M McCluskie - Director


G-MARX LTD (REGISTERED NUMBER: SC636074)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023

1. STATUTORY INFORMATION

G-Marx 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.

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 and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is 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.

3. EMPLOYEES AND DIRECTORS

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

G-MARX LTD (REGISTERED NUMBER: SC636074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JULY 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Other debtors 53,687 55,730

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Bank loans and overdrafts 3,549 2,500
Trade creditors 331 -
Taxation and social security 22,502 20,240
Other creditors 1,501 1,250
27,883 23,990

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.7.23 30.7.22
£    £   
Bank loans 23,363 27,806

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 July 2023 and the period ended 30 July 2022:

30.7.23 30.7.22
£    £   
G M McCluskie
Balance outstanding at start of year (41,923 ) (27,380 )
Amounts advanced 80,869 14,625
Amounts repaid (78,826 ) (29,168 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (39,880 ) (41,923 )

Loans to the director are interest free and repayable on demand.