IRIS Accounts Production v24.1.9.2 SC706936 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7069362022-12-31SC7069362023-12-31SC7069362023-01-012023-12-31SC7069362021-08-16SC7069362021-08-172022-12-31SC7069362022-12-31SC706936ns15:Scotland2023-01-012023-12-31SC706936ns14:PoundSterling2023-01-012023-12-31SC706936ns10:Director12023-01-012023-12-31SC706936ns10:Director22023-01-012023-12-31SC706936ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC706936ns10:SmallEntities2023-01-012023-12-31SC706936ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC706936ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC706936ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC706936ns10:FullAccounts2023-01-012023-12-31SC706936ns10:RegisteredOffice2023-01-012023-12-31SC706936ns5:CurrentFinancialInstruments2023-12-31SC706936ns5:CurrentFinancialInstruments2022-12-31SC706936ns5:ShareCapital2023-12-31SC706936ns5:ShareCapital2022-12-31SC706936ns5:RetainedEarningsAccumulatedLosses2023-12-31SC706936ns5:RetainedEarningsAccumulatedLosses2022-12-31SC706936ns5:PlantMachinery2023-01-012023-12-31SC706936ns5:PlantMachinery2022-12-31SC706936ns5:PlantMachinery2023-12-31SC706936ns5:PlantMachinery2022-12-31SC706936ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC706936ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: SC706936 (Scotland)















GAMMA DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






GAMMA DESIGN LIMITED (REGISTERED NUMBER: SC706936)

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


GAMMA DESIGN LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: I N Macleod
W Young





REGISTERED OFFICE: 34 Cromwell Street
Stornoway
HS1 2DD





REGISTERED NUMBER: SC706936 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

GAMMA DESIGN LIMITED (REGISTERED NUMBER: SC706936)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,062

CURRENT ASSETS
Debtors 5 16,339 28,236
Cash at bank 37,104 25,684
53,443 53,920
CREDITORS
Amounts falling due within one year 6 22,874 25,564
NET CURRENT ASSETS 30,569 28,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,569

29,418

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,469 29,318
SHAREHOLDERS' FUNDS 30,569 29,418

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 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.

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 Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:



I N Macleod - Director



W Young - Director


GAMMA DESIGN LIMITED (REGISTERED NUMBER: SC706936)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Gamma Design 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 represents services provided during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current 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 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.

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 4 (2022 - 4 ) .

GAMMA DESIGN LIMITED (REGISTERED NUMBER: SC706936)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,416
Disposals (1,416 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 354
Charge for year 354
Eliminated on disposal (708 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,062

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,189 26,746
Other debtors 150 1,490
16,339 28,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 900 1,023
Director's loan account 2,950 2,950
Taxation and social security 6,597 20,012
Other creditors 12,427 1,579
22,874 25,564

7. RELATED PARTY DISCLOSURES

At 31 December 2023 one of the company's directors had provided the company with interest free loans of £2,950 (2022, £2,950). There are no fixed repayment terms for these loans.