Company Registration No. SC415697 (Scotland)
Gem Falkirk Ltd
Unaudited accounts
for the year ended 31 August 2022
Gem Falkirk Ltd
Unaudited accounts
Contents
Gem Falkirk Ltd
Company Information
for the year ended 31 August 2022
Company Number
SC415697 (Scotland)
Registered Office
40 Charlotte Dundas Court
Grangemouth
FK3 9EB
Scotland
Accountants
FBD Consultancy, Accounts & Tax Ltd
Sgarbach House
10 Binniehill Road
Cumbernauld
North Lanarkshire
G68 9AJ
Gem Falkirk Ltd
Statement of financial position
as at 31 August 2022
Tangible assets
2,488
4,977
Cash at bank and in hand
1,407
1,664
Creditors: amounts falling due within one year
(27,668)
(26,793)
Net current liabilities
(12,445)
(3,987)
Total assets less current liabilities
(9,957)
990
Provisions for liabilities
Net (liabilities)/assets
(10,430)
44
Called up share capital
1
1
Profit and loss account
(10,431)
43
Shareholders' funds
(10,430)
44
For the year ending 31 August 2022 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 her 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 8 April 2024 and were signed on its behalf by
Amy McFadzean
Director
Company Registration No. SC415697
Gem Falkirk Ltd
Notes to the Accounts
for the year ended 31 August 2022
Gem Falkirk Ltd is a private company, limited by shares, registered in Scotland, registration number SC415697. The registered office is 40 Charlotte Dundas Court, Grangemouth, FK3 9EB, Scotland.
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:
Plant & machinery
4 years straight line
4
Tangible fixed assets
Plant & machinery
At 1 September 2021
10,221
Amounts falling due within one year
Trade debtors
6,403
14,357
Accrued income and prepayments
781
561
Gem Falkirk Ltd
Notes to the Accounts
for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
18,247
19,000
Taxes and social security
6,623
6,623
7
Deferred taxation
2022
2021
Other deferred taxation
473
946
Provision at start of year
946
1,444
Credited to the profit and loss account
(473)
(498)
Provision at end of year
473
946
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).