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REGISTERED NUMBER: SC029504 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Grampian Light Industries Limited

Grampian Light Industries Limited (Registered number: SC029504)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grampian Light Industries Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mark Stuart Drysdale
Lewis Anthony Drysdale





REGISTERED OFFICE: Barcaldine Lodge
Barcaldine
Oban
Argyll
PA37 1SG





REGISTERED NUMBER: SC029504 (Scotland)





ACCOUNTANTS: Mackay & Co CA
120 George Street
Oban
Argyll
PA34 5NT

Grampian Light Industries Limited (Registered number: SC029504)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,422 -
Investment property 5 144,382 144,382
200,804 144,382

CURRENT ASSETS
Cash at bank 30,662 38,260

CREDITORS
Amounts falling due within one year 6 16,847 6,350
NET CURRENT ASSETS 13,815 31,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,619

176,292

CREDITORS
Amounts falling due after more than
one year

7

46,676

-
NET ASSETS 167,943 176,292

CAPITAL AND RESERVES
Called up share capital 42,000 42,000
Revaluation reserve 8 38,000 38,000
Retained earnings 87,943 96,292
SHAREHOLDERS' FUNDS 167,943 176,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Grampian Light Industries Limited (Registered number: SC029504)

Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:




Mark Stuart Drysdale - Director



Lewis Anthony Drysdale - Director


Grampian Light Industries Limited (Registered number: SC029504)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Grampian Light Industries 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 75,230
At 31 December 2022 75,230
DEPRECIATION
Charge for year 18,808
At 31 December 2022 18,808
NET BOOK VALUE
At 31 December 2022 56,422

Grampian Light Industries Limited (Registered number: SC029504)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 144,382
NET BOOK VALUE
At 31 December 2022 144,382
At 31 December 2021 144,382

Investment property at the year end comprises two properties and land known as Callum's Hill.

The investment properties are included in the financial statements at their fair value. These values are regularly reviewed by the Directors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 9,324 -
Taxation and social security - 3,136
Other creditors 7,523 3,214
16,847 6,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 46,676 -

8. RESERVES
Revaluation
reserve
£   
At 1 January 2022
and 31 December 2022 38,000