Company Registration No. SC505698 (Scotland)
G&S Auto Repair Ltd
Unaudited accounts
for the year ended 30 April 2024
G&S Auto Repair Ltd
Unaudited accounts
Contents
G&S Auto Repair Ltd
Company Information
for the year ended 30 April 2024
Director
Agnieszka Bednarek
Company Number
SC505698 (Scotland)
Registered Office
78 ROSEBANK STREET
DUNDEE
DD3 6PG
SCOTLAND
Accountants
EC Finance Dundee
1 Harrison Road
Dundee
Angus
DD2 3SN
G&S Auto Repair Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
3,378
4,222
Cash at bank and in hand
435
1,235
Creditors: amounts falling due within one year
(9,235)
(9,242)
Net current liabilities
(2,639)
(3,380)
Total assets less current liabilities
739
842
Creditors: amounts falling due after more than one year
(51,203)
(44,866)
Net liabilities
(50,464)
(44,024)
Called up share capital
500
500
Capital redemption reserve
3,003
3,003
Profit and loss account
(53,967)
(47,527)
Shareholders' funds
(50,464)
(44,024)
For the year ending 30 April 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 her 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 20 January 2025 and were signed on its behalf by
Agnieszka Bednarek
Director
Company Registration No. SC505698
G&S Auto Repair Ltd
Notes to the Accounts
for the year ended 30 April 2024
G&S Auto Repair Ltd is a private company, limited by shares, registered in Scotland, registration number SC505698. The registered office is 78 ROSEBANK STREET, DUNDEE, DD3 6PG, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
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
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
12,701
754
13,455
At 30 April 2024
12,701
754
13,455
At 1 May 2023
8,961
272
9,233
Charge for the year
748
96
844
At 30 April 2024
9,709
368
10,077
At 30 April 2024
2,992
386
3,378
At 30 April 2023
3,740
482
4,222
G&S Auto Repair Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,770
8,416
Taxes and social security
136
481
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
937
937
Loans from directors
44,739
35,134
Allotted, called up and fully paid:
1 Ordinary shares of £500 each
500
500
9
Average number of employees
During the year the average number of employees was 3 (2023: 4).