Company Registration No. SC542836 (Scotland)
G2BS SOLUTIONS LTD
Unaudited accounts
for the year ended 31 August 2024
G2BS SOLUTIONS LTD
Unaudited accounts
Contents
G2BS SOLUTIONS LTD
Company Information
for the year ended 31 August 2024
Company Number
SC542836 (Scotland)
Registered Office
4 SOUTH STREET, LOMOND HOUSE
INCHINNAN
RENFREW
PA4 9RJ
SCOTLAND
Accountants
McCreath Accountancy
Lomond House
4 South Street
Inchinnan
Renfrewshire
PA4 9RJ
G2BS SOLUTIONS LTD
Statement of financial position
as at 31 August 2024
Tangible assets
279,654
174,234
Cash at bank and in hand
57,977
13,278
Creditors: amounts falling due within one year
(26,950)
(39,617)
Net current assets
219,818
78,008
Total assets less current liabilities
499,472
252,242
Creditors: amounts falling due after more than one year
(393,138)
(146,082)
Net assets
106,334
106,160
Profit and loss account
106,334
106,160
Shareholders' funds
106,334
106,160
For the year ending 31 August 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 director acknowledges his 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 23 September 2024 and were signed on its behalf by
Robert Cherry
Director
Company Registration No. SC542836
G2BS SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 August 2024
G2BS SOLUTIONS LTD is a private company, limited by shares, registered in Scotland, registration number SC542836. The registered office is 4 SOUTH STREET, LOMOND HOUSE, INCHINNAN, RENFREW, PA4 9RJ, SCOTLAND.
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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:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
40,500
180,600
4,324
225,424
Additions
38,000
186,037
13,482
237,519
Disposals
-
(29,583)
-
(29,583)
At 31 August 2024
78,500
337,054
17,806
433,360
At 1 September 2023
10,125
38,921
2,144
51,190
Charge for the year
19,625
78,034
4,857
102,516
At 31 August 2024
29,750
116,955
7,001
153,706
At 31 August 2024
48,750
220,099
10,805
279,654
At 31 August 2023
30,375
141,679
2,180
174,234
Amounts falling due within one year
Trade debtors
175,236
94,503
Other debtors
13,555
9,844
G2BS SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,928
Other creditors
824
30,270
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
180,645
140,460
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Average number of employees
During the year the average number of employees was 0 (2023: 0).