1 April 2023 false No description of principal activity Taxfiler 2024.6 SC612219business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC6122192023-03-31 SC6122192023-04-012024-03-31 SC612219business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 SC612219business:FilletedAccounts2023-04-012024-03-31 SC6122192024-03-31 SC612219business:Director12023-04-012024-03-31 SC612219business:RegisteredOffice2023-04-012024-03-31 SC6122192023-03-31 SC612219core:WithinOneYear2024-03-31 SC612219core:WithinOneYear2023-03-31 SC612219core:AfterOneYear2024-03-31 SC612219core:AfterOneYear2023-03-31 SC612219core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC612219core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC612219core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC612219core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC612219core:PreviouslyStatedAmount2024-03-31 SC612219core:PreviouslyStatedAmount2023-03-31 SC612219business:SmallEntities2023-04-012024-03-31 SC612219countries:Scotland2023-04-012024-03-31 SC612219core:PlantMachinery2023-03-31 SC612219core:MotorVehicles2023-03-31 SC612219core:ComputerEquipment2023-03-31 SC612219core:PlantMachinery2023-04-012024-03-31 SC612219core:MotorVehicles2023-04-012024-03-31 SC612219core:ComputerEquipment2023-04-012024-03-31 SC612219core:PlantMachinery2024-03-31 SC612219core:MotorVehicles2024-03-31 SC612219core:ComputerEquipment2024-03-31 SC6122192022-04-012023-03-31 iso4217:GBP xbrli:pure
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
Page
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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
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GMC CAR AND COMMERCIAL REPAIRS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,702 
36,208 
Current assets
Inventories
6,651 
6,176 
Debtors
94,045 
32,630 
Cash at bank and in hand
34,649 
26,213 
135,345 
65,019 
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)
Capital and reserves
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
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GMC CAR AND COMMERCIAL REPAIRS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
24,853 
17,171 
1,678 
43,702 
At 31 March 2023
13,313 
22,895 
- 
36,208 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
12,131 
Trade debtors
94,045 
20,499 
94,045 
32,630 
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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 
£ 
£ 
VAT
2,645 
17,327 
Trade creditors
84,900 
21,593 
Other creditors
6,479 
6,625 
94,024 
45,545 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
61,344 
87,582 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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