Company Registration No. SC612219 (Scotland)
GMC CAR AND COMMERCIAL REPAIRS LTD
Unaudited accounts
for the year ended 31 March 2024
GMC CAR AND COMMERCIAL REPAIRS LTD
Unaudited accounts
Contents
GMC CAR AND COMMERCIAL REPAIRS LTD
Company Information
for the year ended 31 March 2024
Director
George Thomas McLaughlin
Company Number
SC612219 (Scotland)
Registered Office
UNIT 1 99 GREENHILL ROAD
PAISLEY
PA3 1RD
SCOTLAND
Accountants
McCreath Accountancy
Lomond House
4 South Street
Inchinnan
Renfrewshire
PA4 9RJ
GMC CAR AND COMMERCIAL REPAIRS LTD
Statement of financial position
as at 31 March 2024
Tangible assets
43,702
36,208
Cash at bank and in hand
34,649
26,213
Creditors: amounts falling due within one year
(94,024)
(45,545)
Net current assets
41,321
19,474
Total assets less current liabilities
85,023
55,682
Creditors: amounts falling due after more than one year
(61,344)
(87,582)
Net assets/(liabilities)
23,679
(31,900)
Called up share capital
100
100
Profit and loss account
23,579
(32,000)
Shareholders' funds
23,679
(31,900)
For the year ending 31 March 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 3 April 2024 and were signed on its behalf by
George Thomas McLaughlin
Director
Company Registration No. SC612219
GMC CAR AND COMMERCIAL REPAIRS LTD
Notes to the Accounts
for the year ended 31 March 2024
GMC CAR AND COMMERCIAL REPAIRS LTD is a private company, limited by shares, registered in Scotland, registration number SC612219. The registered office is UNIT 1 99 GREENHILL ROAD, PAISLEY, PA3 1RD, SCOTLAND.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
33,629
34,825
-
68,454
Additions
19,825
-
2,517
22,342
At 31 March 2024
53,454
34,825
2,517
90,796
At 1 April 2023
20,316
11,930
-
32,246
Charge for the year
8,285
5,724
839
14,848
At 31 March 2024
28,601
17,654
839
47,094
At 31 March 2024
24,853
17,171
1,678
43,702
At 31 March 2023
13,313
22,895
-
36,208
Amounts falling due within one year
Trade debtors
94,045
20,499
GMC CAR AND COMMERCIAL REPAIRS LTD
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
84,900
21,593
Other creditors
6,479
6,625
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).