G-TEN COMMERCIALS LTD

Company Registration Number:
SC478495 (Scotland)

Unaudited abridged accounts for the year ended 31 May 2025

Period of accounts

Start date: 01 June 2024

End date: 31 May 2025

G-TEN COMMERCIALS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2025

Balance sheet
Notes

G-TEN COMMERCIALS LTD

Balance sheet

As at 31 May 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 3,362 4,202
Total fixed assets: 3,362 4,202
Current assets
Stocks: 27,500 71,150
Debtors:   1,833 1,823
Cash at bank and in hand: 144,730 119,121
Total current assets: 174,063 192,094
Creditors: amounts falling due within one year: 4 (48,439) (63,632)
Net current assets (liabilities): 125,624 128,462
Total assets less current liabilities: 128,986 132,664
Provision for liabilities: (639) (1,050)
Total net assets (liabilities): 128,347 131,614
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 128,247 131,514
Shareholders funds: 128,347 131,614

The notes form part of these financial statements

G-TEN COMMERCIALS LTD

Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 June 2025
and signed on behalf of the board by:

Name: Michelle Petrie
Status: Director

The notes form part of these financial statements

G-TEN COMMERCIALS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for the sale of commercial vehicles (net of VAT). Turnover is recognised in the accounting period to which it relates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: Plant and Equipment - 20% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date.

G-TEN COMMERCIALS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

G-TEN COMMERCIALS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2025

3. Tangible Assets

Total
Cost £
At 01 June 2024 7,139
At 31 May 2025 7,139
Depreciation
At 01 June 2024 2,937
Charge for year 840
At 31 May 2025 3,777
Net book value
At 31 May 2025 3,362
At 31 May 2024 4,202

G-TEN COMMERCIALS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2025

4. Creditors: amounts falling due within one year note

Directors Loan Account £35,199 (2024 - £32,739), Corporation Tax £4,026 (2024 - £5,814), Other Taxes & Social Security £8,280 (2024 - £9,645), Bank Loan £0 (2024 - £14,500) and Other Creditors £934 (2024 - £934)