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REGISTERED NUMBER: SC489770 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Gormac Construction Limited

Gormac Construction Limited (Registered number: SC489770)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gormac Construction Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs J E MacFarlane
E MacFarlane





REGISTERED OFFICE: Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC489770 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

Gormac Construction Limited (Registered number: SC489770)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,012 4,782

CURRENT ASSETS
Debtors 5 113,621 66,981
Cash at bank 8,922 79,562
122,543 146,543
CREDITORS
Amounts falling due within one year 6 80,839 94,422
NET CURRENT ASSETS 41,704 52,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,716

56,903

CREDITORS
Amounts falling due after more than one
year

7

6,556

16,556
NET ASSETS 45,160 40,347

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,060 40,247
SHAREHOLDERS' FUNDS 45,160 40,347

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Gormac Construction Limited (Registered number: SC489770)

Balance Sheet - continued
31 October 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 22 May 2025 and were signed on its behalf by:




E MacFarlane - Director



Mrs J E MacFarlane - Director


Gormac Construction Limited (Registered number: SC489770)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Gormac Construction 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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Gormac Construction Limited (Registered number: SC489770)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 16,810
Additions 10,571
Disposals (1,841 )
At 31 October 2024 25,540
DEPRECIATION
At 1 November 2023 12,028
Charge for year 5,341
Eliminated on disposal (1,841 )
At 31 October 2024 15,528
NET BOOK VALUE
At 31 October 2024 10,012
At 31 October 2023 4,782

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 29,605 -
Amounts owed by associates 81,847 64,756
Other debtors 2,169 2,225
113,621 66,981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 13,688 10,000
Trade creditors 8,810 14,926
Taxation and social security 56,057 63,848
Other creditors 2,284 5,648
80,839 94,422

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 6,556 16,556

8. RELATED PARTY DISCLOSURES

Amounts due from group undertakings of £81,847.11 are unsecured and interest free.