Company Registration No. 04796348 (England and Wales)
Gorniak & Mckechnie Ltd
Unaudited accounts
for the year ended 31 March 2024
Gorniak & Mckechnie Ltd
Unaudited accounts
Contents
Gorniak & Mckechnie Ltd
Company Information
for the year ended 31 March 2024
Directors
Ian James McKechnie
Thomas James McKechnie
Secretary
Ian James McKechnie
Company Number
04796348 (England and Wales)
Registered Office
Studio 37 Church Street
Eye
IP23 7BD
England
Gorniak & Mckechnie Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
39,371
49,341
Cash at bank and in hand
(2,764)
(4,969)
Creditors: amounts falling due within one year
(29,047)
(37,602)
Net current liabilities
(24,952)
(31,424)
Total assets less current liabilities
14,419
17,917
Creditors: amounts falling due after more than one year
(14,411)
(17,083)
Provisions for liabilities
Called up share capital
4
4
Profit and loss account
4
1
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by
Thomas James McKechnie
Director
Company Registration No. 04796348
Gorniak & Mckechnie Ltd
Notes to the Accounts
for the year ended 31 March 2024
Gorniak & Mckechnie Ltd is a private company, limited by shares, registered in England and Wales, registration number 04796348. The registered office is Studio 37 Church Street, Eye, IP23 7BD, England.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years Straight Line
Motor vehicles
8 years Straight Line
Fixtures & fittings
10 years Straight Line
Computer equipment
5 years Straight Line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
52,520
7,650
29,485
4,066
93,721
At 31 March 2024
52,520
7,650
29,485
4,066
93,721
At 1 April 2023
12,848
3,733
24,841
2,958
44,380
Charge for the year
5,252
956
2,949
813
9,970
At 31 March 2024
18,100
4,689
27,790
3,771
54,350
At 31 March 2024
34,420
2,961
1,695
295
39,371
At 31 March 2023
39,672
3,917
4,644
1,108
49,341
Gorniak & Mckechnie Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
12,413
15,907
Loans from directors
15,286
17,730
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
(972)
-
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).