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REGISTERED NUMBER: SC465275 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

GOUROCK COSMETIC LIMITED

GOUROCK COSMETIC LIMITED (REGISTERED NUMBER: SC465275)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOUROCK COSMETIC LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M J Skimming
Ms L Wilson





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC465275 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

GOUROCK COSMETIC LIMITED (REGISTERED NUMBER: SC465275)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 142,374 159,927
142,374 159,927

CURRENT ASSETS
Debtors 6 42,960 2,673
Cash at bank and in hand 211,183 15,594
254,143 18,267
CREDITORS
Amounts falling due within one year 7 338,486 262,056
NET CURRENT LIABILITIES (84,343 ) (243,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,031

(83,862

)

CREDITORS
Amounts falling due after more than one
year

8

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES (35,594 ) (29,210 )
NET ASSETS/(LIABILITIES) 12,437 (133,072 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,436 (133,073 )
SHAREHOLDERS' FUNDS 12,437 (133,072 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GOUROCK COSMETIC LIMITED (REGISTERED NUMBER: SC465275)

Balance Sheet - continued
31 MAY 2024


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 Board of Directors and authorised for issue on 6 December 2024 and were signed on its behalf by:





M J Skimming - Director


GOUROCK COSMETIC LIMITED (REGISTERED NUMBER: SC465275)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Gourock Cosmetic 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The goodwill which was acquired in 2014 has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on a straight line basis
Plant and machinery - 15% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis
Computer equipment - 33% on a straight line basis

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.


GOUROCK COSMETIC LIMITED (REGISTERED NUMBER: SC465275)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 318,000
AMORTISATION
At 1 June 2023
and 31 May 2024 318,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

GOUROCK COSMETIC LIMITED (REGISTERED NUMBER: SC465275)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 6,190 237,164 4,317 29,394 277,065
Additions - 3,461 - 8,508 11,969
At 31 May 2024 6,190 240,625 4,317 37,902 289,034
DEPRECIATION
At 1 June 2023 - 100,394 2,117 14,627 117,138
Charge for year 619 20,645 549 7,709 29,522
At 31 May 2024 619 121,039 2,666 22,336 146,660
NET BOOK VALUE
At 31 May 2024 5,571 119,586 1,651 15,566 142,374
At 31 May 2023 6,190 136,770 2,200 14,767 159,927

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 40,000 -
Other debtors 2,960 2,673
42,960 2,673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,017 11,404
Trade creditors 36,211 43,722
Amounts owed to associates 140,751 181,910
Taxation and social security 93,965 20,190
Other creditors 53,542 4,830
338,486 262,056

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 10,000 20,000