Gallanach Marine Consultants Limited SC769319 false 2023-05-15 2024-05-31 2024-05-31 The principal activity of the company is provision of marine pilot services Digita Accounts Production Advanced 6.30.9574.0 true true SC769319 2023-05-15 2024-05-31 SC769319 2024-05-31 SC769319 bus:Director1 2024-05-31 SC769319 bus:Director2 2024-05-31 SC769319 bus:OrdinaryShareClass1 2024-05-31 SC769319 bus:OrdinaryShareClass2 2024-05-31 SC769319 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC769319 core:ShareCapital 2024-05-31 SC769319 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 SC769319 bus:SmallEntities 2023-05-15 2024-05-31 SC769319 bus:AuditExemptWithAccountantsReport 2023-05-15 2024-05-31 SC769319 bus:FullAccounts 2023-05-15 2024-05-31 SC769319 bus:SmallCompaniesRegimeForAccounts 2023-05-15 2024-05-31 SC769319 bus:RegisteredOffice 2023-05-15 2024-05-31 SC769319 bus:Director1 2023-05-15 2024-05-31 SC769319 bus:Director2 2023-05-15 2024-05-31 SC769319 bus:OrdinaryShareClass1 2023-05-15 2024-05-31 SC769319 bus:OrdinaryShareClass2 2023-05-15 2024-05-31 SC769319 bus:PrivateLimitedCompanyLtd 2023-05-15 2024-05-31 SC769319 bus:Agent1 2023-05-15 2024-05-31 SC769319 core:RetainedEarningsAccumulatedLosses 2023-05-15 2024-05-31 SC769319 core:ShareCapital 2023-05-15 2024-05-31 SC769319 countries:AllCountries 2023-05-15 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC769319

Gallanach Marine Consultants Limited

Annual Report and Unaudited Financial Statements

for the Period from 15 May 2023 to 31 May 2024

 

Gallanach Marine Consultants Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 9

 

Gallanach Marine Consultants Limited

Company Information

Directors

Mrs Kerry Joanna Somerville

Mr Christopher Thomas Somerville

Registered office

The Moorings
Gallanach Road
Oban
Argyll
PA34 4QH

Accountants

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

 

Gallanach Marine Consultants Limited

Directors' Report for the Period from 15 May 2023 to 31 May 2024

The directors present their report and the financial statements for the period from 15 May 2023 to 31 May 2024.

Incorporation

The company was incorporated on 15 May 2023.

Directors of the company

The directors who held office during the period were as follows:

Mrs Kerry Joanna Somerville (appointed 15 May 2023)

Mr Christopher Thomas Somerville (appointed 15 May 2023)

Principal activity

The principal activity of the company is provision of marine pilot services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 January 2025 and signed on its behalf by:
 

.........................................
Mr Christopher Thomas Somerville
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gallanach Marine Consultants Limited
for the Period Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gallanach Marine Consultants Limited for the period ended 31 May 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Gallanach Marine Consultants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gallanach Marine Consultants Limited and state those matters that we have agreed to state to the Board of Directors of Gallanach Marine Consultants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gallanach Marine Consultants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gallanach Marine Consultants 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 profit of Gallanach Marine Consultants Limited. You consider that Gallanach Marine Consultants Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Gallanach Marine Consultants 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.

......................................

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

1 January 2025

 

Gallanach Marine Consultants Limited

Profit and Loss Account for the Period from 15 May 2023 to 31 May 2024

Note

2024
£

Turnover

 

17,933

Cost of sales

 

(818)

Gross profit

 

17,115

Administrative expenses

 

(4,317)

Operating profit

 

12,798

Profit before tax

12,798

Tax on profit

 

(2,432)

Profit for the financial period

 

10,366

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Gallanach Marine Consultants Limited

Statement of Comprehensive Income for the Period from 15 May 2023 to 31 May 2024

2024
£

Profit for the period

10,366

Total comprehensive income for the period

10,366

 

Gallanach Marine Consultants Limited

(Registration number: SC769319)
Balance Sheet as at 31 May 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

4,500

Creditors: Amounts falling due within one year

3

(2,432)

Net assets

 

2,068

Capital and reserves

 

Called up share capital

4

2

Retained earnings

2,066

Shareholders' funds

 

2,068

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 January 2025 and signed on its behalf by:
 

.........................................
Mr Christopher Thomas Somerville
Director

 

Gallanach Marine Consultants Limited

Statement of Changes in Equity for the Period from 15 May 2023 to 31 May 2024

Share capital
£

Retained earnings
£

Total
£

Profit for the period

-

10,366

10,366

Dividends

-

(8,300)

(8,300)

New share capital subscribed

2

-

2

At 31 May 2024

2

2,066

2,068

 

Gallanach Marine Consultants Limited

Notes to the Unaudited Financial Statements for the Period from 15 May 2023 to 31 May 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Gallanach Marine Consultants Limited

Notes to the Unaudited Financial Statements for the Period from 15 May 2023 to 31 May 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

3

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

2,432

4

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary A share of £1 each

1

1

Ordinary B share of £1 each

1

1

2

2

5

Dividends

Interim dividends paid

2024
£

Interim dividend of £1,000.00 per each Ordinary A share

1,000

Interim dividend of £7,300.00 per each Ordinary B share

7,300

8,300