Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC280398 Mrs Margaret McLay Mr George McLay Mrs Margaret McLay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC280398 2023-03-31 SC280398 2024-03-31 SC280398 2023-04-01 2024-03-31 SC280398 frs-core:CurrentFinancialInstruments 2024-03-31 SC280398 frs-core:ComputerEquipment 2024-03-31 SC280398 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC280398 frs-core:ComputerEquipment 2023-03-31 SC280398 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 SC280398 frs-core:FurnitureFittings 2024-03-31 SC280398 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC280398 frs-core:FurnitureFittings 2023-03-31 SC280398 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC280398 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC280398 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC280398 frs-core:MotorVehicles 2024-03-31 SC280398 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC280398 frs-core:MotorVehicles 2023-03-31 SC280398 frs-core:OtherResidualIntangibleAssets 2024-03-31 SC280398 frs-core:OtherResidualIntangibleAssets 2023-03-31 SC280398 frs-core:PlantMachinery 2024-03-31 SC280398 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC280398 frs-core:PlantMachinery 2023-03-31 SC280398 frs-core:ShareCapital 2024-03-31 SC280398 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC280398 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC280398 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC280398 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC280398 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC280398 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC280398 frs-bus:Director1 2023-04-01 2024-03-31 SC280398 frs-bus:Director2 2023-04-01 2024-03-31 SC280398 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC280398 frs-countries:Scotland 2023-04-01 2024-03-31 SC280398 2022-03-31 SC280398 2023-03-31 SC280398 2022-04-01 2023-03-31 SC280398 frs-core:CurrentFinancialInstruments 2023-03-31 SC280398 frs-core:ShareCapital 2023-03-31 SC280398 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC280398
Gemm 4 x 4 Limited
Financial Statements
For The Year Ended 31 March 2024
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC280398
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 58,533 61,777
58,533 61,777
CURRENT ASSETS
Stocks 6 355,284 330,356
Debtors 7 56,710 54,985
411,994 385,341
Creditors: Amounts Falling Due Within One Year 8 (280,763 ) (257,856 )
NET CURRENT ASSETS (LIABILITIES) 131,231 127,485
TOTAL ASSETS LESS CURRENT LIABILITIES 189,764 189,262
NET ASSETS 189,764 189,262
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 179,764 179,262
SHAREHOLDERS' FUNDS 189,764 189,262
Page 1
Page 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Margaret McLay
Director
19th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gemm 4 x 4 Limited is a private company, limited by shares, incorporated in Scotland, registered number SC280398 . The registered office is Railway Cottage, Lochlands, Larbert, Stirlingshire, FK5 3NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 15% Straight Line
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Blance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
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Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 15,780
As at 31 March 2024 15,780
Amortisation
As at 1 April 2023 15,780
As at 31 March 2024 15,780
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 111,226 64,206 44,046 373
Additions - - 1,450 -
As at 31 March 2024 111,226 64,206 45,496 373
Depreciation
As at 1 April 2023 65,661 52,325 40,145 373
Provided during the period 1,722 1,782 975 -
As at 31 March 2024 67,383 54,107 41,120 373
Net Book Value
As at 31 March 2024 43,843 10,099 4,376 -
As at 1 April 2023 45,565 11,881 3,901 -
Computer Equipment Total
£ £
Cost
As at 1 April 2023 645 220,496
Additions - 1,450
As at 31 March 2024 645 221,946
Depreciation
As at 1 April 2023 215 158,719
Provided during the period 215 4,694
As at 31 March 2024 430 163,413
...CONTINUED
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Net Book Value
As at 31 March 2024 215 58,533
As at 1 April 2023 430 61,777
6. Stocks
2024 2023
£ £
Stock 355,284 330,356
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56,710 53,280
VAT - 1,705
56,710 54,985
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,865 41,029
Bank loans and overdrafts 9,898 916
Other taxes and social security 5,436 4,553
VAT 13,320 -
Other creditors 22,118 37,066
Accruals and deferred income 1,500 1,500
Directors' loan accounts 195,626 172,792
280,763 257,856
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
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