GMACK Construction and Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC534441 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

GMACK Construction and Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

C Greer

J W McKerrow

G Jordan

REGISTERED OFFICE:

29 Brandon Street

Hamilton

ML3 6DA

BUSINESS ADDRESS:

2 MacDowall St

Paisley

PA3 2NB

REGISTERED NUMBER:

SC534441 (Scotland)

ACCOUNTANTS:

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

5,366

6,736

5,366

6,736

CURRENT ASSETS

Debtors

7

13,012

123,549

Cash at bank

341,362

312,760

354,374

436,309

CREDITORS

Amounts falling due within one year

8

153,060

149,075

NET CURRENT ASSETS

201,314

287,234

TOTAL ASSETS LESS CURRENT
LIABILITIES

206,680

293,970

CREDITORS

Amounts falling due after more than one
year

9

-

(2,499

)

PROVISIONS FOR LIABILITIES

(1,342

)

(1,684

)

NET ASSETS

205,338

289,787

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

205,238

289,687

SHAREHOLDERS' FUNDS

205,338

289,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by:

C Greer - Director

J W McKerrow - Director

1.	STATUTORY INFORMATION

GMACK Construction and Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is derived from construction and development services supplied by the company.

Turnover is measured at the fair value of the construction and development services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement on a straight line basis.

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.

Client accounts

The company holds funds on behalf of clients in separate, designated bank accounts. These funds do not legally belong to the company, and the company has no right of set-off against them. Consequently, in accordance with FRS 102, these client bank accounts and the corresponding liabilities to clients are not recognized as assets or liabilities within the statement of financial position.Financial Information.

At the balance sheet date, the total amount of client money held by the company in segregated bank accounts was £208,517 (2025: £Nil).

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

6,000

AMORTISATION

At 1 April 2025

and 31 March 2026

6,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

6,850

DEPRECIATION

At 1 April 2025

114

Charge for year

1,370

At 31 March 2026

1,484

NET BOOK VALUE

At 31 March 2026

5,366

At 31 March 2025

6,736

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

1,494

78,562

Other debtors

11,518

44,987

13,012

123,549

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

2,499

10,000

Trade creditors

72,429

23,689

Taxation and social security

61,965

101,260

Other creditors

16,167

14,126

153,060

149,075

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

-

2,499

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

2,499

12,499

The bank loan is supported by a 100% guarantee from the UK Government.

11.	RELATED PARTY DISCLOSURES

The company operates a loan account with the directors C Greer, J McKerrow and G Jordan.

During the year, the company repaid loans totalling £1,526 to the directors. At the year end, the balance due to the directors was £1,872 (2025 - £3,398). There are no fixed repayment terms and no interest charged.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GMACK Construction and Developments Ltd for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of GMACK Construction and Developments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GMACK Construction and Developments Ltd and state those matters that we have agreed to state to the Board of Directors of GMACK Construction and Developments Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GMACK Construction and Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GMACK Construction and Developments Ltd. You consider that GMACK Construction and Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GMACK Construction and Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

23 June 2026