1 April 2023 v2024.39.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP061118362023-04-012024-03-31061118362024-03-31061118362023-03-3106111836core:WithinOneYear2024-03-3106111836core:WithinOneYear2023-03-3106111836core:AfterOneYear2024-03-3106111836core:AfterOneYear2023-03-3106111836core:ShareCapital2024-03-3106111836core:ShareCapital2023-03-3106111836core:RetainedEarningsAccumulatedLosses2024-03-3106111836bus:Director12023-04-012024-03-3106111836bus:Director22023-04-012024-03-3106111836bus:RegisteredOffice2023-04-012024-03-3106111836core:FurnitureFittings2023-04-012024-03-31061118362022-04-012023-03-3106111836core:PlantMachinery2024-03-310611183612023-04-012024-03-3106111836countries:EnglandWales2023-04-012024-03-3106111836bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3106111836bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106111836bus:SmallEntities2023-04-012024-03-3106111836bus:FullAccounts2023-04-012024-03-31
Company registration number:
06111836
Gerrmac Procinst Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Gerrmac Procinst Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Current assets    
Debtors 6
487
 
7,173
 
Cash at bank and in hand
950
 
20,784
 
1,437
 
27,957
 
Creditors: amounts falling due within one year 7
(9,014
)
(12,226
)
Net current (liabilities)/assets
(7,577
)
15,731
 
Total assets less current liabilities (7,577 ) 15,731  
Creditors: amounts falling due after more than one year 8
(10,405
)
(15,729
)
Net (liabilities)/assets
(17,982
)
2
 
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
(17,984
) -  
Shareholders (deficit)/funds
(17,982
)
2
 
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 August 2024
, and are signed on behalf of the board by:
Mr G McCann
Mrs E McCann
DirectorDirector
Company registration number:
06111836
Gerrmac Procinst Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bramhall House, 14 Ack Lane East
,
Bramhall
,
Stockport
,
SK7 2BY
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
33% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2023
and
31 March 2024
6,857
 
Depreciation  
At
1 April 2023
and
31 March 2024
6,857
 
Carrying amount  
At
31 March 2024
-  
At 31 March 2023 -  

6 Debtors

20242023
££
Other debtors
487
 
7,173
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
9,014
 
12,226
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
10,405
 
15,729
 

9 Directors' advances, credit and guarantees

During the financial year, Gerrmac Procinst Limited made an unsecured, interest free loan to Mr G McCann . The sum of the loan at the reporting period was £406. The loan is repayable on demand and in full.