1 April 2024 false No description of principal activity Taxfiler 2024.6 SC217241 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC217241 2024-03-31 SC217241 2024-04-01 2025-03-31 SC217241 business:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC217241 business:AbridgedAccounts 2024-04-01 2025-03-31 SC217241 2025-03-31 SC217241 2024-03-31 SC217241 core:WithinOneYear 2025-03-31 SC217241 core:WithinOneYear 2024-03-31 SC217241 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 SC217241 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 SC217241 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 SC217241 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 SC217241 core:PreviouslyStatedAmount 2025-03-31 SC217241 core:PreviouslyStatedAmount 2024-03-31 SC217241 business:SmallEntities 2024-04-01 2025-03-31 SC217241 business:Director1 2024-04-01 2025-03-31 SC217241 countries:Scotland 2024-04-01 2025-03-31 SC217241 business:RegisteredOffice 2024-04-01 2025-03-31 SC217241 core:PlantMachinery 2024-04-01 2025-03-31 SC217241 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC217241 (Scotland)
GF Accountancy Services Ltd Unaudited accounts for the year ended 31 March 2025
GF Accountancy Services Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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GF Accountancy Services Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
2,507
3,031
Current assets
Debtors
17,710
21,578
Cash at bank and in hand
35,473
25,315
53,183
46,893
Creditors: amounts falling due within one year
(34,061)
(23,316)
Net current assets
19,122
23,577
Net assets
21,629
26,608
Capital and reserves
Called up share capital
100
100
Profit and loss account
21,529
26,508
Shareholders' funds
21,629
26,608
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 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 December 2025 and were signed on its behalf by
Mr Gary D Fraser FCCA Director Company Registration No. SC217241
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GF Accountancy Services Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
GF Accountancy Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC217241. The registered office is 4 Rownahill Way, Port Seton, East Lothian, EH32 0SZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated so as to write off the cost of an asset over the useful life of that asset as follows:- Goodwill - 10% straight line
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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GF Accountancy Services Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Total
£
Cost
At 1 April 2024
14,000
At 31 March 2025
14,000
Amortisation
At 1 April 2024
14,000
At 31 March 2025
14,000
Net book value
At 31 March 2025
-
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2024
5,475
At 31 March 2025
5,475
Depreciation
At 1 April 2024
2,444
Charge for the year
524
At 31 March 2025
2,968
Net book value
At 31 March 2025
2,507
At 31 March 2024
3,031
6
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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