Company Registration No. SC650213 (Scotland)
GMS Holdings Scotland Ltd
Unaudited accounts
for the year ended 31 October 2021
GMS Holdings Scotland Ltd
Unaudited accounts
Contents
GMS Holdings Scotland Ltd
Company Information
for the year ended 31 October 2021
Directors
Mark Grier
Gary Grier
Simon Findlay
Company Number
SC650213 (Scotland)
Registered Office
25 WOODHALL ROAD
WISHAW
ML2 8PY
UNITED KINGDOM
GMS Holdings Scotland Ltd
Statement of financial position
as at 31 October 2021
Tangible assets
468,680
468,680
Cash at bank and in hand
20,471
77,812
Creditors: amounts falling due within one year
(120,548)
(292,296)
Net current liabilities
(100,077)
(217,181)
Net assets
368,603
251,499
Called up share capital
120
120
Profit and loss account
368,483
251,379
Shareholders' funds
368,603
251,499
For the year ending 31 October 2021 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.
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 3 May 2022 and were signed on its behalf by
Mark Grier
Director
Company Registration No. SC650213
GMS Holdings Scotland Ltd
Notes to the Accounts
for the year ended 31 October 2021
GMS Holdings Scotland Ltd is a private company, limited by shares, registered in Scotland, registration number SC650213. The registered office is 25 WOODHALL ROAD, WISHAW, ML2 8PY, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings
At 1 November 2020
468,680
At 31 October 2021
468,680
At 31 October 2021
468,680
At 31 October 2020
468,680
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
30,668
112,416
Loans from directors
89,880
179,880
GMS Holdings Scotland Ltd
Notes to the Accounts
for the year ended 31 October 2021
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
