1 July 2023 false No description of principal activity Taxfiler 2024.6 SC567981business:PrivateLimitedCompanyLtd2023-07-012024-06-30 SC5679812023-06-30 SC5679812023-07-012024-06-30 SC567981business:AuditExemptWithAccountantsReport2023-07-012024-06-30 SC567981business:FilletedAccounts2023-07-012024-06-30 SC5679812024-06-30 SC567981business:Director22023-07-012024-06-30 SC567981business:RegisteredOffice2023-07-012024-06-30 SC5679812023-06-30 SC567981core:WithinOneYear2024-06-30 SC567981core:WithinOneYear2023-06-30 SC567981core:AfterOneYear2024-06-30 SC567981core:AfterOneYear2023-06-30 SC567981core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 SC567981core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC567981core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 SC567981core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC567981core:PreviouslyStatedAmount2024-06-30 SC567981core:PreviouslyStatedAmount2023-06-30 SC567981business:SmallEntities2023-07-012024-06-30 SC567981countries:Scotland2023-07-012024-06-30 SC567981core:MotorVehicles2023-07-012024-06-30 SC567981core:MotorVehicles2023-06-30 SC567981core:MotorVehicles2024-06-30 SC5679812022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC567981 (Scotland)
GGIF Care Limited Unaudited accounts for the year ended 30 June 2024
GGIF Care Limited Unaudited accounts Contents
Page
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GGIF Care Limited Company Information for the year ended 30 June 2024
Director
Gift Tadala Chilera
Company Number
SC567981 (Scotland)
Registered Office
4 Shapinsay Square ABERDEEN Aberdeenshire AB15 6NN Scotland
Accountants
SEC Accounting Services Ltd 15 St Curthberts Street Bedford MK40 3JG
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GGIF Care Limited Accountants' report
Accountants' report to the director of GGIF Care Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GGIF Care Limited for the year ended 30 June 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of GGIF Care Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of GGIF Care Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GGIF Care Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GGIF Care Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of GGIF Care Limited. You consider that GGIF Care 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 accounts of GGIF Care 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 accounts.
SEC Accounting Services Ltd 15 St Curthberts Street Bedford MK40 3JG 22 November 2024
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GGIF Care Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,836 
- 
Current assets
Debtors
44,776 
63,610 
Cash at bank and in hand
20,085 
69,081 
64,861 
132,691 
Creditors: amounts falling due within one year
(36,978)
(44,850)
Net current assets
27,883 
87,841 
Total assets less current liabilities
43,719 
87,841 
Creditors: amounts falling due after more than one year
(23,946)
- 
Net assets
19,773 
87,841 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,772 
87,840 
Shareholders' funds
19,773 
87,841 
For the year ending 30 June 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 22 November 2024 and were signed on its behalf by
Gift Tadala Chilera Director Company Registration No. SC567981
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GGIF Care Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
GGIF Care Limited is a private company, limited by shares, registered in Scotland, registration number SC567981. The registered office is 4 Shapinsay Square, , ABERDEEN, Aberdeenshire, AB15 6NN, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
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 using straight line method :
Motor vehicles
20% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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GGIF Care Limited Notes to the Accounts for the year ended 30 June 2024
Taxation
Income tax expense represent the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expenses that are taxable or deductible in other year and items that are never taxable and deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 July 2023
- 
Additions
18,353 
At 30 June 2024
18,353 
Depreciation
Charge for the year
2,517 
At 30 June 2024
2,517 
Net book value
At 30 June 2024
15,836 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,591 
63,542 
Accrued income and prepayments
204 
68 
Other debtors
26,981 
- 
44,776 
63,610 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,875 
- 
VAT
2,398 
17,678 
Obligations under finance leases and hire purchase contracts
1,710 
- 
Taxes and social security
21,381 
26,172 
Other creditors
3,414 
- 
Accruals
1,200 
1,000 
36,978 
44,850 
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GGIF Care Limited Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,833 
- 
Obligations under finance leases and hire purchase contracts
8,113 
- 
23,946 
- 
8
Average number of employees
During the year the average number of employees was 27 (2023: 54).
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