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REGISTERED NUMBER: SC392802 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Gm Civil & Structural Consulting
Engineers Ltd

Gm Civil & Structural Consulting
Engineers Ltd (Registered number: SC392802)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gm Civil & Structural Consulting
Engineers Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTORS: M H Carlin
G Maxwell





SECRETARY: Mrs K S M Maxwell





REGISTERED OFFICE: 1st Floor
Grove House 1 Kilmartin Place
Uddingston
Glasgow
G71 5PH





REGISTERED NUMBER: SC392802 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Gm Civil & Structural Consulting
Engineers Ltd (Registered number: SC392802)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,159 36,159

CURRENT ASSETS
Debtors 5 844,671 672,287
Cash at bank and in hand 24,218 310,986
868,889 983,273
CREDITORS
Amounts falling due within one year 6 718,072 736,179
NET CURRENT ASSETS 150,817 247,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,976

283,253

CREDITORS
Amounts falling due after more than one
year

7

184,547

206,345
NET ASSETS 2,429 76,908

CAPITAL AND RESERVES
Called up share capital 109 109
Retained earnings 2,320 76,799
SHAREHOLDERS' FUNDS 2,429 76,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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.

Gm Civil & Structural Consulting
Engineers Ltd (Registered number: SC392802)

Balance Sheet - continued
28 February 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





M H Carlin - Director


Gm Civil & Structural Consulting
Engineers Ltd (Registered number: SC392802)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Gm Civil & Structural Consulting Engineers Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.


Gm Civil & Structural Consulting
Engineers Ltd (Registered number: SC392802)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2023 - 33 ).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 28 February 2024 29,529 29,321 58,850
DEPRECIATION
At 1 March 2023
and 28 February 2024 - 22,691 22,691
NET BOOK VALUE
At 28 February 2024 29,529 6,630 36,159
At 28 February 2023 29,529 6,630 36,159

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 90,842 160,186
Other debtors 2,778 2,778
No description 3,464 -
Directors' current accounts 734,284 496,020
Tax 12,035 12,035
Prepayments 1,268 1,268
844,671 672,287

Gm Civil & Structural Consulting
Engineers Ltd (Registered number: SC392802)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other loans 100,553 86,177
Tax 305,526 347,615
Social security and other taxes 27,569 25,215
Pension payable 4,234 4,234
VAT 243,048 220,470
Other creditors - 15,326
Accrued expenses 37,142 37,142
718,072 736,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Other loans - 1-2 years 73,053 83,877
Other loans - 2-5 years 111,494 122,468
184,547 206,345