Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 1 April 2023 false 18 November 2025 1 April 2024 31 March 2025 31 March 2025 SC104242 Mr Gerald McGinn Mr Stephen McGinn Mr Gary McGinn Mr Daniel McGinn Mrs Margaret McGinn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC104242 2024-03-31 SC104242 2025-03-31 SC104242 2024-04-01 2025-03-31 SC104242 frs-core:Non-currentFinancialInstruments 2025-03-31 SC104242 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC104242 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC104242 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC104242 frs-core:ShareCapital 2025-03-31 SC104242 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC104242 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC104242 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 SC104242 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC104242 frs-bus:Audited 2024-04-01 2025-03-31 SC104242 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC104242 frs-bus:Director1 2024-04-01 2025-03-31 SC104242 frs-bus:Director2 2024-04-01 2025-03-31 SC104242 frs-bus:Director3 2024-04-01 2025-03-31 SC104242 frs-bus:Director4 2024-04-01 2025-03-31 SC104242 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC104242 frs-countries:Scotland 2024-04-01 2025-03-31 SC104242 2023-03-31 SC104242 2024-03-31 SC104242 2023-04-01 2024-03-31 SC104242 frs-core:Non-currentFinancialInstruments 2024-03-31 SC104242 frs-core:ShareCapital 2024-03-31 SC104242 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC104242
G.M.G. (Contractors) Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
G.M.G. (Contractors) Limited
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—5

Page 1
G.M.G. (Contractors) Limited
Abridged Balance Sheet
As At 31 March 2025
Abridged Balance Sheet
Registered number: SC104242

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 947,939 |  | 418,315
|  |  | 947,939 |  | 418,315
CURRENT ASSETS
Stocks |  | 56,114 |  | 336,614 |
Debtors |  | 2,918,535 |  | 2,758,074 |
Cash at bank and in hand |  | 1,383,634 |  | 365,397 |
|  | 4,358,283 |  | 3,460,085 |
Creditors: Amounts Falling Due Within One Year |  | (3,495,593 ) |  | (1,784,963 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 862,690 |  | 1,675,122
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,810,629 |  | 2,093,437
Creditors: Amounts Falling Due After More Than One Year |  |  | (228,784 ) |  | (152,749 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (35,253 ) |  | (35,253 )
NET ASSETS |  |  | 1,546,592 |  | 1,905,435
CAPITAL AND RESERVES
Called up share capital | 5 |  | 200 |  | 200
Profit and Loss Account |  |  | 1,546,392 |  | 1,905,235
SHAREHOLDERS' FUNDS |  |  | 1,546,592 |  | 1,905,435

Page 1
Page 2
G.M.G. (Contractors) Limited
Abridged Balance Sheet (continued)
As At 31 March 2025
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr Gerald McGinn Director
18 November 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
G.M.G. (Contractors) Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 March 2025
Notes to the Abridged Financial Statements
1. General Information
G.M.G. (Contractors) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC104242 . The registered office is 142 Swinton Road, Baillieston, Glasgow, G69 6DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Construction contract
Revenue from construction contracts is recognised over time using the Output method to measure progress toward satisfaction of performance obligations. This method reflects the value of work completed to date, based on Contract Valuation certified by the customer
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 15% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 15% reducing balance

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in Progress (WIP) represents the cumulative value of construction services provided under a contract that have not yet been invoiced to the customer. It is recognised as a contract asset when the company’s performance exceeds the amounts billed to the customer. WIP is measured using the Output method, based on the proportion of work completed to date.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
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G.M.G. (Contractors) Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 March 2025
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2024: 44)
36 44
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 April 2024 | 831,675
Additions | 810,061
Disposals | (276,770 )
As at 31 March 2025 | 1,364,966
Depreciation
As at 1 April 2024 | 413,360
Provided during the period | 173,148
Disposals | (169,481 )
As at 31 March 2025 | 417,027
Net Book Value
As at 31 March 2025 | 947,939
As at 1 April 2024 | 418,315

5. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

6. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
Page 4
Page 5
G.M.G. (Contractors) Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 March 2025
7. Audit Information
The auditor's report on the accounts of G.M.G. (Contractors) Limited for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Dalvir Johal - CA (Senior Statutory Auditor) for and on behalf of Ballantyne & Company Limited , Statutory Auditor.
Page 5