G M K FISHING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Company registration number SC340440 (Scotland)
PAGES FOR FILING WITH REGISTRAR
G M K FISHING LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
291,432
253,809
Current assets
91,789
46,987
Creditors: amounts falling due within one year
(97,676)
(86,082)
Net current liabilities
(5,887)
(39,095)
Total assets less current liabilities
285,545
214,714
Creditors: amounts falling due after more than one year
(45,268)
(33,871)
Net assets
240,277
180,843
Capital and reserves
240,277
180,843
Notes to the financial statements
1
Financial commitments, guarantees and contingencies

The entity had the following future commitments at the balance sheet date:

 

Outstanding loans of £55,549 (2023: £46,603) with £17,800 (2023: £12,731) falling due within one year.

 

Hire purchase liabilities of £11,764 (2023: £nil) with £4,245 (2023: £nil) falling due within one year. The liability is secured over the asset to which it relates.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
1
1
3
Related party transactions

Included within 'creditors: amounts falling due within one year' is £35,010 owed to the company director (2023: £37,114). This loan bears no interest and is repayable on demand dependent on the availability of funds within the business.

G M K Fishing Ltd is a private company limited by shares incorporated in Scotland. The registered office is 1 Dunnottar Drive, Kilmarnock, Ayrshire, KA1 2RZ.

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

G M K FISHING LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
Mr Garry MacKinnon
Director
Company registration number SC340440 (Scotland)
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