Company Registration No. SC576064 (Scotland)
Gregory Smith Limited
Unaudited accounts
for the year ended 30 September 2024
Gregory Smith Limited
Unaudited accounts
Contents
Gregory Smith Limited
Company Information
for the year ended 30 September 2024
Company Number
SC576064 (Scotland)
Registered Office
49 JOHN FINNIE STREET
C/O MYVO LTD F4
KILMARNOCK
EAST AYRSHIRE
KA1 1EE
UNITED KINGDOM
Accountants
MYVO Ltd
49 John Finnie Street
Kilmarnock
East Ayrshire
KA1 1EE
Gregory Smith Limited
Statement of financial position
as at 30 September 2024
Tangible assets
31,992
480
Cash at bank and in hand
58,096
43,087
Creditors: amounts falling due within one year
(19,765)
(20,064)
Net current assets
47,493
23,023
Total assets less current liabilities
79,485
23,503
Creditors: amounts falling due after more than one year
(34,888)
-
Profit and loss account
44,597
23,503
Shareholders' funds
44,597
23,503
For the year ending 30 September 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 14 November 2024 and were signed on its behalf by
Gregory Smith
Director
Company Registration No. SC576064
Gregory Smith Limited
Notes to the Accounts
for the year ended 30 September 2024
Gregory Smith Limited is a private company, limited by shares, registered in Scotland, registration number SC576064. The registered office is 49 JOHN FINNIE STREET, C/O MYVO LTD F4, KILMARNOCK, EAST AYRSHIRE, KA1 1EE, UNITED KINGDOM.
2
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:
Computer equipment
reducing balance method
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
-
4,291
4,291
Additions
41,699
749
42,448
At 30 September 2024
41,699
5,040
46,739
At 1 October 2023
-
3,811
3,811
Charge for the year
10,425
511
10,936
At 30 September 2024
10,425
4,322
14,747
At 30 September 2024
31,274
718
31,992
At 30 September 2023
-
480
480
Amounts falling due within one year
Gregory Smith Limited
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,714
13,574
Loans from directors
1,722
501
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
34,888
-
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).