GM JOINERY (SCOTLAND) LIMITED

GM JOINERY (SCOTLAND) LIMITED

GM JOINERY (SCOTLAND) LIMITED - Company Information

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GM JOINERY (SCOTLAND) LIMITED

Company Registration Number:
SC380171 (Scotland)

Unaudited statutory accounts for the year ended 30 June 2019

Period of accounts

Start date: 1 July 2018

End date: 30 June 2019

GM JOINERY (SCOTLAND) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2019

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GM JOINERY (SCOTLAND) LIMITED

Profit And Loss Account

for the Period Ended 30 June 2019

2019 2018


£
£
Turnover: 758,993 1,041,767
Cost of sales: ( 817,415 ) ( 787,329 )
Gross profit(or loss): (58,422) 254,438
Operating profit(or loss): (58,422) 254,438
Profit(or loss) before tax: (58,422) 254,438
Tax: 0 ( 48,397 )
Profit(or loss) for the financial year: (58,422) 206,041

GM JOINERY (SCOTLAND) LIMITED

Balance sheet

As at 30 June 2019

Notes 2019 2018


£
£
Fixed assets
Tangible assets: 3 101,932 106,710
Total fixed assets: 101,932 106,710
Current assets
Debtors: 4 59,662 157,136
Cash at bank and in hand: 232,007 255,419
Investments: 5 0 9,139
Total current assets: 291,669 421,694
Creditors: amounts falling due within one year: 6 ( 61,486 ) ( 123,117 )
Net current assets (liabilities): 230,183 298,577
Total assets less current liabilities: 332,115 405,287
Total net assets (liabilities): 332,115 405,287
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 332,015 405,187
Total Shareholders' funds: 332,115 405,287

The notes form part of these financial statements

GM JOINERY (SCOTLAND) LIMITED

Balance sheet statements

For the year ending 30 June 2019 the company was entitled to exemption 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 March 2020
and signed on behalf of the board by:

Name: Mrs Donna Mullen
Status: Director

The notes form part of these financial statements

GM JOINERY (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life: Equipment 20percent on the reducing balance, Vans 20percent on the reducing balance

GM JOINERY (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

  • 2. Employees

    2019 2018
    Average number of employees during the period 10 10

GM JOINERY (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2018 222,716 83,477 306,193
Additions 20,705 0 20,705
Disposals
Revaluations
Transfers
At 30 June 2019 243,421 83,477 326,898
Depreciation
At 1 July 2018 150,964 48,519 199,483
Charge for year 18,491 6,992 25,483
On disposals
Other adjustments
At 30 June 2019 169,455 55,511 224,966
Net book value
At 30 June 2019 73,966 27,966 101,932
At 30 June 2018 71,752 34,958 106,710

GM JOINERY (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

4. Debtors

2019 2018
£ £
Other debtors 59,662 157,136
Total 59,662 157,136

GM JOINERY (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

5. Current assets investments note

n/a

GM JOINERY (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

6. Creditors: amounts falling due within one year note

2019 2018
£ £
Other creditors 61,486 123,117
Total 61,486 123,117