Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC498396 2022-04-01 2023-03-31 SC498396 2021-04-01 2022-03-31 SC498396 2023-03-31 SC498396 2022-03-31 SC498396 c:Director1 2022-04-01 2023-03-31 SC498396 c:Director2 2022-04-01 2023-03-31 SC498396 c:RegisteredOffice 2022-04-01 2023-03-31 SC498396 d:PlantMachinery 2022-04-01 2023-03-31 SC498396 d:PlantMachinery 2023-03-31 SC498396 d:PlantMachinery 2022-03-31 SC498396 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC498396 d:CurrentFinancialInstruments 2023-03-31 SC498396 d:CurrentFinancialInstruments 2022-03-31 SC498396 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC498396 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC498396 d:ShareCapital 2023-03-31 SC498396 d:ShareCapital 2022-03-31 SC498396 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC498396 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC498396 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC498396 c:OrdinaryShareClass1 2023-03-31 SC498396 c:OrdinaryShareClass1 2022-03-31 SC498396 c:FRS102 2022-04-01 2023-03-31 SC498396 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC498396 c:FullAccounts 2022-04-01 2023-03-31 SC498396 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC498396










GAULCROSS WIND LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
GAULCROSS WIND LIMITED
 

COMPANY INFORMATION


DIRECTORS
C W Gray 
Mrs M H Gray 




REGISTERED NUMBER
SC498396



REGISTERED OFFICE
Greenacres
Portsoy

Banff

Aberdeenshire

AB45 2UL




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
GAULCROSS WIND LIMITED
REGISTERED NUMBER: SC498396

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
752,293
810,161

  
752,293
810,161

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
49,960
121,493

Cash at bank and in hand
  
369,758
62,707

  
419,718
184,200

Creditors: amounts falling due within one year
 6 
(62,827)
(99,252)

NET CURRENT ASSETS
  
 
 
356,891
 
 
84,948

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,109,184
895,109

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(128,409)
(129,779)

  
 
 
(128,409)
 
 
(129,779)

NET ASSETS
  
980,775
765,330


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
980,675
765,230

  
980,775
765,330


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2023.

C W Gray
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
GAULCROSS WIND LIMITED
REGISTERED NUMBER: SC498396

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


Page 2

 
GAULCROSS WIND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

Gaulcross Wind Limited is a private company, limited by shares, incorporated in Scotland with the registration number  SC498396.  The registered office and trading address is Greenacres, Portsoy, Banff, Aberdeenshire, United Kingdom, AB45 2UL.                                                
                                                                                                                                                                     The financial statements are presented in Sterling which is the functional currency of the Company and
rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

REVENUE

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
5%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
GAULCROSS WIND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.5

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 April 2022
1,157,369



At 31 March 2023

1,157,369



DEPRECIATION


At 1 April 2022
347,208


Charge for the year on owned assets
57,868



At 31 March 2023

405,076



NET BOOK VALUE



At 31 March 2023
752,293



At 31 March 2022
810,161

Page 4

 
GAULCROSS WIND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


DEBTORS

2023
2022
£
£


Trade debtors
31,580
114,990

Other debtors
9,826
-

Prepayments and accrued income
8,554
6,503

49,960
121,493



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Other creditors
58,089
95,838

Accruals
4,738
3,414

62,827
99,252



7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 5