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REGISTERED NUMBER: SC406304 (Scotland)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Gorach Limited

Gorach Limited (Registered number: SC406304)

Contents of the Financial Statements
for the year ended 31st December 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Gorach Limited

Company Information
for the year ended 31st December 2023







Directors: W A Fraser
A R D C Fraser





Secretary: A R D C Fraser





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC406304 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Gorach Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gorach Limited for the year ended 31st December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Gorach Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gorach Limited and state those matters that we have agreed to state to the Board of Directors of Gorach Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gorach Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gorach Limited. You consider that Gorach Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gorach Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


14th November 2024

Gorach Limited (Registered number: SC406304)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 317,799 319,397
Investments 5 100 100
317,899 319,497

Current assets
Debtors 6 57,917 21,368
Cash at bank 1,977 22,967
59,894 44,335
Creditors
Amounts falling due within one year 7 119,307 176,482
Net current liabilities (59,413 ) (132,147 )
Total assets less current liabilities 258,486 187,350

Provisions for liabilities 143 211
Net assets 258,343 187,139

Capital and reserves
Called up share capital 100 100
Retained earnings 258,243 187,039
258,343 187,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Gorach Limited (Registered number: SC406304)

Balance Sheet - continued
31st December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th November 2024 and were signed on its behalf by:





A R D C Fraser - Director


Gorach Limited (Registered number: SC406304)

Notes to the Financial Statements
for the year ended 31st December 2023


1. Statutory information

Gorach Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - No depreciation
Plant and machinery etc - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

Gorach Limited (Registered number: SC406304)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1st January 2023
and 31st December 2023 311,408 93,000 404,408
Depreciation
At 1st January 2023 - 85,011 85,011
Charge for year - 1,598 1,598
At 31st December 2023 - 86,609 86,609
Net book value
At 31st December 2023 311,408 6,391 317,799
At 31st December 2022 311,408 7,989 319,397

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1st January 2023
and 31st December 2023 100
Net book value
At 31st December 2023 100
At 31st December 2022 100

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 57,917 21,368

Gorach Limited (Registered number: SC406304)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Amounts owed to group undertakings 70,000 70,000
Taxation and social security 1,184 -
Other creditors 48,123 106,482
119,307 176,482