Gorbals MOT Testing Station Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC241672 (Scotland)

Financial Statements

for the Year Ended 31 December 2024

for

Gorbals MOT Testing Station Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

David Kidd

REGISTERED OFFICE:

Unit 3

Morris Park

37 Rosyth Road

Glasgow

G5 0YD

REGISTERED NUMBER:

SC241672 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

29,378

22,254

CURRENT ASSETS

Stocks

5

1,516

1,488

Debtors

6

4,816

2,566

Cash at bank and in hand

31,903

23,788

38,235

27,842

CREDITORS

Amounts falling due within one year

7

45,038

47,263

NET CURRENT LIABILITIES

(6,803

)

(19,421

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,575

2,833

CREDITORS

Amounts falling due after more than one
year

8

11,718

-

NET ASSETS

10,857

2,833

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

10,855

2,831

SHAREHOLDERS' FUNDS

10,857

2,833

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 8 May 2025 and were signed by:

David Kidd - Director

1.	STATUTORY INFORMATION

Gorbals MOT Testing Station 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

51,519

1,504

-

941

53,964

Additions

-

13,950

-

13,950

At 31 December 2024

51,519

1,504

13,950

941

67,914

DEPRECIATION

At 1 January 2024

29,721

1,359

-

630

31,710

Charge for year

3,269

22

3,488

47

6,826

At 31 December 2024

32,990

1,381

3,488

677

38,536

NET BOOK VALUE

At 31 December 2024

18,529

123

10,462

264

29,378

At 31 December 2023

21,798

145

-

311

22,254

5.

STOCKS

31.12.24

31.12.23

£

Stocks

1,516

1,488

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade Debtors

4,816

2,566

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other loans - LOAN DISBURSAL

4,983

8,082

Trade creditors

6,074

5,879

Tax

3,710

Social security and other taxes

3,109

3,055

VAT

3,094

6

Other creditors

10,669

10,394

Directors' current accounts

11,401

14,334

Accrued expenses

1,998

1,803

45,038

47,263

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Hire purchase contracts

11,718

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

2

Ordinary

£1

2