GM CONTRACTORS (SCOTLAND) LTD

GM CONTRACTORS (SCOTLAND) LTD

GM CONTRACTORS (SCOTLAND) LTD - Company Information

Print Friendly Version

GM CONTRACTORS (SCOTLAND) LTD

Company Registration Number:
SC527133 (Scotland)

Unaudited abridged accounts for the year ended 28 February 2021

Period of accounts

Start date: 01 March 2020

End date: 28 February 2021

GM CONTRACTORS (SCOTLAND) LTD

Contents of the Financial Statements

for the Period Ended 28 February 2021

Balance sheet
Notes

GM CONTRACTORS (SCOTLAND) LTD

Balance sheet

As at 28 February 2021


Notes
2021
2020


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 21,000 0
Investments:   0 0
Total fixed assets: 21,000 0
Current assets
Stocks: 0 0
Debtors:   3,520 42,291
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 3,520 42,291
Creditors: amounts falling due within one year:   (32,293) (47,297)
Net current assets (liabilities): (28,773) (5,006)
Total assets less current liabilities: (7,773) (5,006)
Creditors: amounts falling due after more than one year: 4 (45,000) 0
Provision for liabilities: 0 0
Total net assets (liabilities): (52,773) (5,006)
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (52,775) (5,008)
Shareholders funds: (52,773) (5,006)

The notes form part of these financial statements

GM CONTRACTORS (SCOTLAND) LTD

Balance sheet statements

For the year ending 28 February 2021 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 November 2021
and signed on behalf of the board by:

Name: Graeme Matthew
Status: Director

The notes form part of these financial statements

GM CONTRACTORS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

1. Accounting policies

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

Turnover policy

Turnover represents the net invoiced amount of work done excluding Vale Added Tax and consists entirely of work done in United Kingdom.

Other accounting policies

The unaudited financial statements have been prepared on the going concern basis of accounting.The company is dependent on the continued support of the Directors to ensure that it can continue to trade.The Directors have indicated their willingness to support the company and an improvement in trading is expected in the foreseeable future.

GM CONTRACTORS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

2. Employees

2021 2020
Average number of employees during the period 5 4

GM CONTRACTORS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

3. Tangible Assets

Total
Cost £
At 01 March 2020 0
Additions 28,000
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2021 28,000
Depreciation
At 01 March 2020 0
Charge for year 7,000
On disposals 0
Other adjustments 0
At 28 February 2021 7,000
Net book value
At 28 February 2021 21,000
At 29 February 2020 0

GM CONTRACTORS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

4. Creditors: amounts falling due after more than one year note

Bank Loan - £45000

GM CONTRACTORS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

5. Financial commitments

There were no capital commitments authorised or contracted for at 28th February 2021.

GM CONTRACTORS (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

6. Post balance sheet events

There have been no significant events since the end of the period which could significantly affect these accounts.