Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302No description of principal activity2023-07-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC222533 2023-07-01 2024-06-30 SC222533 2022-07-01 2023-06-30 SC222533 2024-06-30 SC222533 2023-06-30 SC222533 c:CompanySecretary1 2023-07-01 2024-06-30 SC222533 c:Director1 2023-07-01 2024-06-30 SC222533 c:Director2 2023-07-01 2024-06-30 SC222533 c:RegisteredOffice 2023-07-01 2024-06-30 SC222533 d:PlantMachinery 2023-07-01 2024-06-30 SC222533 d:PlantMachinery 2024-06-30 SC222533 d:PlantMachinery 2023-06-30 SC222533 d:Goodwill 2024-06-30 SC222533 d:Goodwill 2023-06-30 SC222533 d:CurrentFinancialInstruments 2024-06-30 SC222533 d:CurrentFinancialInstruments 2023-06-30 SC222533 d:Non-currentFinancialInstruments 2024-06-30 SC222533 d:Non-currentFinancialInstruments 2023-06-30 SC222533 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC222533 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC222533 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC222533 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC222533 d:ShareCapital 2024-06-30 SC222533 d:ShareCapital 2023-06-30 SC222533 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC222533 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC222533 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC222533 c:OrdinaryShareClass1 2024-06-30 SC222533 c:OrdinaryShareClass1 2023-06-30 SC222533 c:FRS102 2023-07-01 2024-06-30 SC222533 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC222533 c:FullAccounts 2023-07-01 2024-06-30 SC222533 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC222533 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC222533










G M S ENTERPRISES LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
G M S ENTERPRISES LTD.
 

COMPANY INFORMATION


Directors
Mr J MacLachlan 
Mrs S MacLachlan 




Company secretary
Mrs S MacLachlan



Registered number
SC222533



Registered office
C/O John MacLachlan Limited
Torran Gorm Industrial Estate

Oban

Argyll

PA34 4PL




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
G M S ENTERPRISES LTD.
REGISTERED NUMBER:SC222533

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
2,000
408

Cash at bank and in hand
  
470
41

  
2,470
449

Creditors: amounts falling due within one year
 7 
(107,583)
(100,452)

Net current liabilities
  
 
 
(105,113)
 
 
(100,003)

Total assets less current liabilities
  
(105,113)
(100,003)

Creditors: amounts falling due after more than one year
 8 
(4,999)
(10,000)

  

Net liabilities
  
(110,112)
(110,003)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(110,212)
(110,103)

  
(110,112)
(110,003)


Page 1

 
G M S ENTERPRISES LTD.
REGISTERED NUMBER:SC222533

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J MacLachlan
Mrs S MacLachlan
Director
Director


Date: 26 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
G M S ENTERPRISES LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

G M S Enterprises Ltd is a private company, limited by shares and incorporated in Scotland. The address of the registered office is C/O John MacLachlan Limited, Torran Gorm Industrial Estate, Oban, Argyll, PA34 4PL.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
G M S ENTERPRISES LTD.
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
20,000



At 30 June 2024

20,000



Amortisation


At 1 July 2023
20,000



At 30 June 2024

20,000



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 4

 
G M S ENTERPRISES LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2023
1,043



At 30 June 2024

1,043



Depreciation


At 1 July 2023
1,043



At 30 June 2024

1,043



Net book value



At 30 June 2024
-



At 30 June 2023
-

Page 5

 
G M S ENTERPRISES LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Other debtors
2,000
408



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
5,000

Trade creditors
2,626
-

Other taxation and social security
909
150

Other creditors
96,409
93,202

Accruals and deferred income
2,639
2,100

107,583
100,452



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,999
10,000



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 6