GCJ (No1) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC331740 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

GCJ (No1) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

G B Chalmers

SECRETARY:

Brodies Secretarial Services Ltd

REGISTERED OFFICE:

Brodies House

31-33 Union Grove

Aberdeen

AB10 6SD

REGISTERED NUMBER:

SC331740 (Scotland)

ACCOUNTANTS:

The Grant Considine Partnership

Chartered Accountants

46 High Street

Banchory

Aberdeenshire

AB31 5SR

CURRENT ASSETS

Cash at bank and in hand

2,142

3,566

CREDITORS

Amounts falling due within one year

5

2,142

3,565

NET CURRENT ASSETS

-

1

TOTAL ASSETS LESS CURRENT LIABILITIES

-

1

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1

)

-

SHAREHOLDERS' FUNDS

-

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 October 2017 and were signed by:

G B Chalmers - Director

1.	STATUTORY INFORMATION

GCJ (No1) Limited 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 for the period ended 31 March 2017 are the first financial statements that comply

with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015. The transition to FRS 102

Section 1A has not resulted in any changes in accounting policies to those used previously.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and with the Companies Act 2006. The financial statements have been prepared under the historical

cost convention.

Revenue recognition

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that

future economic benefits will flow to the entity and when risks and rewards of ownership have passed to the

customer. This typically happens when goods are delivered and legal title has passed.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

2,142

3,565