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REGISTERED NUMBER: SC571791















ROBERT GEARY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 JULY 2017 TO 31 OCTOBER 2018






ROBERT GEARY LTD (REGISTERED NUMBER: SC571791)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 JULY 2017 TO 31 OCTOBER 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


ROBERT GEARY LTD (REGISTERED NUMBER: SC571791)

BALANCE SHEET
31 OCTOBER 2018

Notes £    £   
FIXED ASSETS
Intangible assets 4 475
Tangible assets 5 16,477
16,952

CURRENT ASSETS
Stocks 36,645
Debtors 6 3,563
Cash at bank and in hand 155
40,363
CREDITORS
Amounts falling due within one year 7 59,696
NET CURRENT LIABILITIES (19,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,381

)

CREDITORS
Amounts falling due after more than one year 8 7,000
NET LIABILITIES (9,381 )

CAPITAL AND RESERVES
Called up share capital 10 2
Retained earnings (9,383 )
SHAREHOLDERS' FUNDS (9,381 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2018 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.

ROBERT GEARY LTD (REGISTERED NUMBER: SC571791)

BALANCE SHEET - continued
31 OCTOBER 2018


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 8 March 2019 and were signed by:





Mr R W Geary - Director


ROBERT GEARY LTD (REGISTERED NUMBER: SC571791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 JULY 2017 TO 31 OCTOBER 2018

1. STATUTORY INFORMATION

Robert Geary Ltd is a private company, limited by shares, registered in Scotland. The registered office is 25
Lister Road, Hillington, Glasgow, Scotland, G52 4BH.

The financial statements are presented in Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The 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 the Companies Act 2006. There were no material departures from the standard. The financial
statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The validity of this is dependent on the
continued support of the director who considers that it is appropriate to prepare the financial statements on a
going concern basis.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. The company's policy is to recognise
a sale when substantively all the risks and rewards in connection with the goods have been passed to the buyer.

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.

Website is being amortised evenly over its estimated useful life of five 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 - 33.3% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Government grants
Government grants of a capital nature are taken to a separate deferred income account and released to the profit
and loss account in accordance with the company's depreciation policy over the useful economic life of the asset
concerned. Grants of a revenue nature are taken to the profit and loss account in the year in which the
expenditure is incurred.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments
The company only has financial assets and liabilities of a kind which qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and subsequently measured at their settlement
value.


ROBERT GEARY LTD (REGISTERED NUMBER: SC571791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 JULY 2017 TO 31 OCTOBER 2018

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is
calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in
respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred
tax assets are recognised only to the extent that the director considers it to be more likely than not that there will
be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred taxation is measured on a non-discounted basis at the average tax rates which would apply when the
timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance
sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is
presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the
transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Hire purchase and leasing commitments
Assets purchased under finance leases and hire purchase agreements are capitalised and disclosed under tangible
fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is
charged to the profit and loss account over the relevant period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 500
At 31 October 2018 500
AMORTISATION
Charge for period 25
At 31 October 2018 25
NET BOOK VALUE
At 31 October 2018 475

ROBERT GEARY LTD (REGISTERED NUMBER: SC571791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 JULY 2017 TO 31 OCTOBER 2018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 21,693
At 31 October 2018 21,693
DEPRECIATION
Charge for period 5,216
At 31 October 2018 5,216
NET BOOK VALUE
At 31 October 2018 16,477

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,158
Other debtors 2,405
3,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 3,469
Hire purchase contracts (see note 9) 1,880
Trade creditors 21,277
Taxation and social security 443
Other creditors 32,627
59,696

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts (see note 9) 7,000

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire
purchase
contracts
£   
Net obligations repayable:
Within one year 1,880
Between one and five years 7,000
8,880

ROBERT GEARY LTD (REGISTERED NUMBER: SC571791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 JULY 2017 TO 31 OCTOBER 2018

9. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
£   
Within one year 7,411
Between one and five years 7,768
15,179

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

11. RELATED PARTY DISCLOSURES

Included in creditors is an amount due to the director of £25,292. This loan is interest free, unsecured and no
repayment terms have been established.