2023-07-01 SC186543 2024-06-30 SC186543 2023-07-01 2024-06-30 SC186543 2023-06-30 SC186543 2022-07-01 2023-06-30 SC186543 uk-core:WithinOneYear 2023-06-30 SC186543 uk-core:WithinOneYear 2024-06-30 SC186543 uk-core:AfterOneYear 2023-06-30 SC186543 uk-core:AfterOneYear 2024-06-30 SC186543 uk-core:ShareCapital 2024-06-30 SC186543 uk-core:ShareCapital 2023-06-30 SC186543 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC186543 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC186543 uk-bus:Director1 2023-07-01 2024-06-30 SC186543 uk-core:WithinOneYear 2024-06-30 SC186543 uk-core:WithinOneYear 2023-06-30 SC186543 uk-core:AfterOneYear uk-core:Secured 2024-06-30 SC186543 uk-core:AfterOneYear uk-core:Secured 2023-06-30 iso4217:GBP xbrli:pure SC186543 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC186543 uk-bus:FRS102 2023-07-01 2024-06-30 SC186543 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 SC186543 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
GSM(ACCOUNTANCY) LTD
Registered Number:SC186543
For the year ended 30 June 2024
Scotland
Unaudited Financial Statements
2
For the year ended 30 June 2024
GSM(ACCOUNTANCY) LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC186543
As at 30 June 2024
GSM(ACCOUNTANCY) LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
535
713
2
535
713
Current assets
26,948
Cash and cash equivalents
37,311
37,311
26,948
Trade and other payables: amounts falling due within one
year
(21,517)
(19,532)
3
5,431
17,779
Net current assets
Total assets less current liabilities
18,314
6,144
Trade and other payables: amounts falling due after more
than one year
-
(2,680)
4
15,634
Net assets
6,144
Capital and reserves
Called up share capital
102
102
Retained earnings
15,532
6,042
15,634
6,144
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
GEORGE MATHESON Director
These financial statements were approved and authorised for issue by the Board on 28 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2024
GSM(ACCOUNTANCY) LTD
Notes to the Financial Statements
Statutory Information
GSM(ACCOUNTANCY) LTD is a private limited company, limited by shares, domiciled in Scotland, registration
number SC186543.
Registered address:
20 LIPNEY
MENSTRIE
FK11 7HJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 July 2023
4,522
At 30 June 2024
4,522
Provision for depreciation and impairment
At 01 July 2023
3,809
Charge for year
178
At 30 June 2024
3,987
At 30 June 2024
Net book value
535
At 30 June 2023
713
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5
For the year ended 30 June 2024
GSM(ACCOUNTANCY) LTD
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,000
-
Trade creditors
3,098
4,164
Taxation and social security
8,124
9,361
Other creditors
6,310
7,992
19,532
21,517
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
2,680
-
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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