Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr J Bradley 16/11/2022 03/11/2016 Mr K J Bradley 28/04/2016 Mr G McLachlan 30/03/2018 15 September 2023 The principal activity of the company continued to be that of consultancy for quantity surveyor services. SC533950 2023-03-31 SC533950 bus:Director1 2023-03-31 SC533950 bus:Director2 2023-03-31 SC533950 bus:Director3 2023-03-31 SC533950 2022-03-31 SC533950 core:CurrentFinancialInstruments 2023-03-31 SC533950 core:CurrentFinancialInstruments 2022-03-31 SC533950 core:Non-currentFinancialInstruments 2023-03-31 SC533950 core:Non-currentFinancialInstruments 2022-03-31 SC533950 core:ShareCapital 2023-03-31 SC533950 core:ShareCapital 2022-03-31 SC533950 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC533950 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC533950 core:OtherPropertyPlantEquipment 2022-03-31 SC533950 core:OtherPropertyPlantEquipment 2023-03-31 SC533950 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-03-31 SC533950 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-03-31 SC533950 bus:OrdinaryShareClass1 2023-03-31 SC533950 2022-04-01 2023-03-31 SC533950 bus:FullAccounts 2022-04-01 2023-03-31 SC533950 bus:SmallEntities 2022-04-01 2023-03-31 SC533950 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC533950 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC533950 bus:Director1 2022-04-01 2023-03-31 SC533950 bus:Director2 2022-04-01 2023-03-31 SC533950 bus:Director3 2022-04-01 2023-03-31 SC533950 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-04-01 2023-03-31 SC533950 2021-04-01 2022-03-31 SC533950 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 SC533950 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC533950 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC533950 (Scotland)

GLENMHOR CONSULTING LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

GLENMHOR CONSULTING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

GLENMHOR CONSULTING LTD

BALANCE SHEET

AS AT 31 MARCH 2023
GLENMHOR CONSULTING LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 666 1,094
666 1,094
Current assets
Debtors 4 159,597 165,622
Cash at bank and in hand 92,379 217,009
251,976 382,631
Creditors: amounts falling due within one year 5 ( 95,560) ( 157,715)
Net current assets 156,416 224,916
Total assets less current liabilities 157,082 226,010
Creditors: amounts falling due after more than one year 6 ( 22,500) ( 32,500)
Net assets 134,582 193,510
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 134,482 193,410
Total shareholder's funds 134,582 193,510

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Glenmhor Consulting Ltd (registered number: SC533950) were approved and authorised for issue by the Director on 15 September 2023. They were signed on its behalf by:

Mr K J Bradley
Director
Mr G McLachlan
Director
GLENMHOR CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
GLENMHOR CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Glenmhor Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are recognised at transaction price.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 5,114 5,114
At 31 March 2023 5,114 5,114
Accumulated depreciation
At 01 April 2022 4,020 4,020
Charge for the financial year 428 428
At 31 March 2023 4,448 4,448
Net book value
At 31 March 2023 666 666
At 31 March 2022 1,094 1,094

4. Debtors

2023 2022
£ £
Trade debtors 54,719 36,373
Amounts owed by related parties 104,878 116,329
Other debtors 0 12,920
159,597 165,622

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Taxation and social security 82,107 144,617
Other creditors 3,453 3,098
95,560 157,715

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 22,500 32,500

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Other related party transactions

2023 2022
£ £
Entities over which the entity has control, joint control or significant influence 104,878 91,222