Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC212170 Mr Gerald McGinn Mrs Margaret McGinn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC212170 2024-03-31 SC212170 2025-03-31 SC212170 2024-04-01 2025-03-31 SC212170 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC212170 frs-core:ShareCapital 2025-03-31 SC212170 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC212170 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC212170 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 SC212170 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC212170 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC212170 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC212170 frs-core:CostValuation 2024-03-31 SC212170 frs-core:CostValuation 2025-03-31 SC212170 frs-bus:Director1 2024-04-01 2025-03-31 SC212170 frs-bus:Director1 2024-03-31 SC212170 frs-bus:Director1 2025-03-31 SC212170 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC212170 frs-countries:Scotland 2024-04-01 2025-03-31 SC212170 2023-03-31 SC212170 2024-03-31 SC212170 2023-04-01 2024-03-31 SC212170 frs-core:ShareCapital 2024-03-31 SC212170 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC212170
Gmg (Holdings) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: SC212170
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 234,254 240,443
Investments 5 210,556 210,556
444,810 450,999
CURRENT ASSETS
Debtors 6 622,032 544,495
Cash at bank and in hand 47,469 60,580
669,501 605,075
Creditors: Amounts Falling Due Within One Year 526,235 (385,627 )
NET CURRENT ASSETS (LIABILITIES) 1,195,736 219,448
TOTAL ASSETS LESS CURRENT LIABILITIES 1,640,546 670,447
NET ASSETS 1,640,546 670,447
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,640,446 670,347
SHAREHOLDERS' FUNDS 1,640,546 670,447
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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
24 December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Gmg (Holdings) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC212170 . The registered office is 21 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. 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:
Freehold 2% Straight line
2.3. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 2 (2024: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 357,993
As at 31 March 2025 357,993
Depreciation
As at 1 April 2024 117,550
Provided during the period 6,189
As at 31 March 2025 123,739
Net Book Value
As at 31 March 2025 234,254
As at 1 April 2024 240,443
Page 3
Page 4
5. Investments
Total
£
Cost or Valuation
As at 1 April 2024 210,556
As at 31 March 2025 210,556
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 210,556
As at 1 April 2024 210,556
6. Debtors
2025 2024
£ £
Due after more than one year
Other debtors 449,546 449,546
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Gerald McGinn 431,058 129,538 100,000 - 460,596
The above loan is unsecured, interest free and repayable on demand.
Page 4