1 April 2023 false No description of principal activity Taxfiler 2024.6 04796348business:PrivateLimitedCompanyLtd2023-04-012024-03-31 047963482023-03-31 047963482023-04-012024-03-31 04796348business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 04796348business:FilletedAccounts2023-04-012024-03-31 047963482024-03-31 04796348business:Director12023-04-012024-03-31 04796348business:Director22023-04-012024-03-31 04796348business:CompanySecretary12023-04-012024-03-31 04796348business:RegisteredOffice2023-04-012024-03-31 047963482023-03-31 04796348core:WithinOneYear2024-03-31 04796348core:WithinOneYear2023-03-31 04796348core:AfterOneYear2024-03-31 04796348core:AfterOneYear2023-03-31 04796348core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 04796348core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 04796348core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 04796348core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 04796348core:PreviouslyStatedAmount2024-03-31 04796348core:PreviouslyStatedAmount2023-03-31 04796348business:SmallEntities2023-04-012024-03-31 04796348countries:EnglandWales2023-04-012024-03-31 04796348core:LandBuildings2023-04-012024-03-31 04796348core:MotorVehicles2023-04-012024-03-31 04796348core:FurnitureFittings2023-04-012024-03-31 04796348core:ComputerEquipment2023-04-012024-03-31 04796348core:LandBuildings2023-03-31 04796348core:MotorVehicles2023-03-31 04796348core:FurnitureFittings2023-03-31 04796348core:ComputerEquipment2023-03-31 04796348core:LandBuildings2024-03-31 04796348core:MotorVehicles2024-03-31 04796348core:FurnitureFittings2024-03-31 04796348core:ComputerEquipment2024-03-31 047963482022-04-012023-03-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Gorniak & Mckechnie Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,371 
49,341 
Current assets
Debtors
6,859 
11,147 
Cash at bank and in hand
(2,764)
(4,969)
4,095 
6,178 
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
Deferred tax
- 
(829)
Net assets
8 
5 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
4 
1 
Shareholders' funds
8 
5 
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
- 4 -
Gorniak & Mckechnie Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
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 
- 5 -
Gorniak & Mckechnie Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,859 
9,672 
Other debtors
- 
1,475 
6,859 
11,147 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
12,413 
15,907 
Other creditors
999 
2,715 
Loans from directors
15,286 
17,730 
Accruals
349 
1,250 
29,047 
37,602 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,383 
17,083 
Obligations under finance leases and hire purchase contracts
(972)
- 
14,411 
17,083 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -