Company Registration No. SC217011 (Scotland)
G.A.S. Autogas Limited
Unaudited accounts
for the year ended 29 February 2024
G.A.S. Autogas Limited
Unaudited accounts
Contents
G.A.S. Autogas Limited
Company Information
for the year ended 29 February 2024
Company Number
SC217011 (Scotland)
Registered Office
78/2 GRANTON CRESCENT
EDINBURGH
EH5 1PB
G.A.S. Autogas Limited
Statement of financial position
as at 29 February 2024
Tangible assets
5,795
6,514
Cash at bank and in hand
2,506
1,591
Creditors: amounts falling due within one year
(104,810)
(109,156)
Net current liabilities
(54,804)
(59,520)
Net liabilities
(49,009)
(53,006)
Called up share capital
2
2
Profit and loss account
(49,011)
(53,008)
Shareholders' funds
(49,009)
(53,006)
For the year ending 29 February 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 24 November 2024 and were signed on its behalf by
Spas Yanev
Director
Company Registration No. SC217011
G.A.S. Autogas Limited
Notes to the Accounts
for the year ended 29 February 2024
G.A.S. Autogas Limited is a private company, limited by shares, registered in Scotland, registration number SC217011. The registered office is 78/2 GRANTON CRESCENT, EDINBURGH, EH5 1PB.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
18% write down
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
11,583
34,975
4,627
500
51,685
At 29 February 2024
11,583
34,975
4,627
500
51,685
At 1 March 2023
10,432
30,451
3,791
497
45,171
Charge for the year
115
452
151
1
719
At 29 February 2024
10,547
30,903
3,942
498
45,890
At 29 February 2024
1,036
4,072
685
2
5,795
At 28 February 2023
1,151
4,524
836
3
6,514
G.A.S. Autogas Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
22,500
22,500
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,800
1,800
Loans from directors
102,304
106,876
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).