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REGISTERED NUMBER: SC416898 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

GMF Technical Limited

GMF Technical Limited (Registered number: SC416898)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 5

GMF Technical Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A McFarlane



REGISTERED OFFICE: Unit 4 Station Road Ind Est
Station Crescent
Renfrew
Renfrewshire
PA4 8RA



REGISTERED NUMBER: SC416898 (Scotland)



ACCOUNTANT: Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA



BANKERS: Royal Bank of Scotland
27 Canal Street
Renfrew
Renfrewshire
PA4 8QG

GMF Technical Limited (Registered number: SC416898)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,720 50,116

CURRENT ASSETS
Cash at bank and in hand 796 796

CREDITORS
Amounts falling due within one year 5 35,705 35,505
NET CURRENT LIABILITIES (34,909 ) (34,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,811

15,407

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,711 15,307
SHAREHOLDERS' FUNDS 11,811 15,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2024 and were signed by:





A McFarlane - Director


GMF Technical Limited (Registered number: SC416898)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

GMF Technical 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 - not provided
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 46,720 45,667 92,387
DEPRECIATION
At 1 March 2023 - 42,271 42,271
Charge for year - 3,396 3,396
At 29 February 2024 - 45,667 45,667
NET BOOK VALUE
At 29 February 2024 46,720 - 46,720
At 28 February 2023 46,720 3,396 50,116

GMF Technical Limited (Registered number: SC416898)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors (1 ) (1 )
Taxation and social security 1,882 1,882
Other creditors 33,824 33,624
35,705 35,505

GMF Technical Limited

Report of the Accountant to the Director of
GMF Technical Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA


Date: .............................................