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Company registration number:
SC266454
GSC Timber Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2025
GSC Timber Ltd
Statement of Financial Position
31 March 2025
20252024
££
Fixed assets
14,445
 
9,861
 
   
Current assets
118,851
 
106,991
 
Prepayments and accrued income
3,578
 
3,143
 
Creditors: amounts falling due within one year
(121,432
 )
(122,512
 )
Net current assets/(liabilities)
997
 
(12,378
 )
Total assets less current liabilities
15,442
 
(2,517
 )
Creditors: amounts falling due after more than one year
(5,500
 )
(11,500
 )
Accruals and deferred income
(1,800
 )
(1,800
 )
Net assets/(liabilities)
8,142
 
(15,817
 )
   
Capital and reserves
8,142
 
(15,817
 )

Notes to the Financial Statements

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
20 Wellington Square
,
Ayr
,
KA7 1EZ
, United Kingdom.

2 Average number of employees

The average number of persons employed by the company during the year was
5
(2024:
3.00
).

3 Director's advances, credit and guarantees

During the period the following transactions occurred with a director:
Amounts advanced: £614 (2024 - £26,274)
Amounts repaid: £51,000 (2024 - £8,100)
At the balance sheet date the company owed £24,674 to the director (2024 - the director owed £25,712 to the company).
For the year ending
31 March 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
17 September 2025
, and are signed on behalf of the board by:
G McDowall
Director
Company registration number:
SC266454