IRIS Accounts Production v23.3.0.418 SC506135 Board of Directors 1.4.22 31.3.23 31.3.23 true false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5061352022-03-31SC5061352023-03-31SC5061352022-04-012023-03-31SC5061352021-03-31SC5061352021-04-012022-03-31SC5061352022-03-31SC506135ns16:Scotland2022-04-012023-03-31SC506135ns15:PoundSterling2022-04-012023-03-31SC506135ns11:Director12022-04-012023-03-31SC506135ns11:PrivateLimitedCompanyLtd2022-04-012023-03-31SC506135ns11:SmallEntities2022-04-012023-03-31SC506135ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC506135ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC506135ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC506135ns11:FullAccounts2022-04-012023-03-31SC506135ns11:OrdinaryShareClass12022-04-012023-03-31SC506135ns11:OrdinaryShareClass22022-04-012023-03-31SC506135ns11:Director22022-04-012023-03-31SC506135ns11:RegisteredOffice2022-04-012023-03-31SC506135ns6:CurrentFinancialInstruments2023-03-31SC506135ns6:CurrentFinancialInstruments2022-03-31SC506135ns6:ShareCapital2023-03-31SC506135ns6:ShareCapital2022-03-31SC506135ns6:RetainedEarningsAccumulatedLosses2023-03-31SC506135ns6:RetainedEarningsAccumulatedLosses2022-03-31SC506135ns6:ShareCapital2021-03-31SC506135ns6:RetainedEarningsAccumulatedLosses2021-03-31SC506135ns6:RetainedEarningsAccumulatedLosses2021-04-012022-03-31SC506135ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-31SC506135ns6:CostValuation2022-03-31SC506135ns6:Subsidiary12022-04-012023-03-31SC5061351ns6:Subsidiary12022-04-012023-03-31SC5061352ns6:Subsidiary12022-04-012023-03-31SC506135ns6:Subsidiary12023-03-31SC506135ns6:Subsidiary12022-03-31SC506135ns6:Subsidiary12021-04-012022-03-31SC506135ns11:OrdinaryShareClass12023-03-31SC506135ns11:OrdinaryShareClass22023-03-31SC5061352ns11:Director22022-03-31SC5061352ns11:Director22021-03-31SC5061352ns11:Director22022-04-012023-03-31SC5061352ns11:Director22021-04-012022-03-31SC5061352ns11:Director22023-03-31SC5061352ns11:Director22022-03-31SC506135ns11:Director112022-03-31SC506135ns11:Director112021-03-31SC506135ns11:Director112022-04-012023-03-31SC506135ns11:Director112021-04-012022-03-31SC506135ns11:Director112023-03-31SC506135ns11:Director112022-03-31
REGISTERED NUMBER: SC506135 (Scotland)












UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SITE FORCE GLASGOW LIMITED

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


SITE FORCE GLASGOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P Mccallum
Mrs C Mccallum





REGISTERED OFFICE: C/o Donachie Chartered Accountants
Templeton House
62 Templeton Street
Glasgow
G40 1DA





BUSINESS ADDRESS: School House St. Quivox
Ayr
South Ayrshire
KA6 5HJ





REGISTERED NUMBER: SC506135 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 176,751 176,751
Investment property 5 584,402 197,680
761,153 374,431

CURRENT ASSETS
Debtors 6 909 292
Cash at bank 4,209 37,681
5,118 37,973
CREDITORS
Amounts falling due within one year 7 149,833 78,754
NET CURRENT LIABILITIES (144,715 ) (40,781 )
TOTAL ASSETS LESS CURRENT LIABILITIES 616,438 333,650

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 616,338 333,550
SHAREHOLDERS' FUNDS 616,438 333,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 2 November 2023 and were signed on its behalf by:





Mrs C Mccallum - Director


SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 April 2021 100 238,729 238,829

Changes in equity
Dividends - (184,000 ) (184,000 )
Total comprehensive income - 278,821 278,821
Balance at 31 March 2022 100 333,550 333,650

Changes in equity
Dividends - (180,000 ) (180,000 )
Total comprehensive income - 462,788 462,788
Balance at 31 March 2023 100 616,338 616,438

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

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


1. STATUTORY INFORMATION

Site Force Glasgow 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.

Preparation of consolidated financial statements
The financial statements contain information about Site Force Glasgow Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received, net of VAT and represents the supply of services under contracts.

Turnover recognised at the point at which the Company has fulfilled its contractual obligations to the customer and can be reliably measured and it is probable that the economic benefit associated with the sale will flow to the entity.

Other income relates to rent. Rental income is recognised when the company is entitled to receive the income based on the contractual agreement in force.

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

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

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.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.


SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

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


2. ACCOUNTING POLICIES - continued
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 balance sheet date.

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

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Debtors and creditors that fall due within one year
Debtors and creditors that fall due within one year are recorded in the financial statements at undiscounted transaction (invoice) price. Debtors are reviewed for impairment at each reporting date and any impairments are recorded within the profit and loss and shown within administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 176,751
NET BOOK VALUE
At 31 March 2023 176,751
At 31 March 2022 176,751

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

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


4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Site Force Construction & Engineering Services Ltd.
Registered office: c/o Donachie Chartered Accountants, 2 Floor, 62 Templeton Street, Glasgow, G40 1DA.
Nature of business: Recruitment
%
Class of shares: holding
Ordinary A 100.00
Ordinary B 100.00
2023 2022
£    £   
Aggregate capital and reserves 465,164 541,089
Profit for the year 394,075 282,574

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 197,680
Additions 386,722
At 31 March 2023 584,402
NET BOOK VALUE
At 31 March 2023 584,402
At 31 March 2022 197,680

The directors are of the opinion that the fair value of the investment property at the balance sheet date is not materially different from the cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 909 292

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax - 259
Other creditors 1,000 1,000
Directors' current accounts 148,833 77,495
149,833 78,754

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
P Mccallum
Balance outstanding at start of year (38,748 ) 7,451
Amounts advanced 53,492 53,801
Amounts repaid (90,000 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (75,256 ) (38,748 )

Mrs C Mccallum
Balance outstanding at start of year (38,747 ) 7,451
Amounts advanced 55,170 53,802
Amounts repaid (90,000 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (73,577 ) (38,747 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £180,000 (2022 - £184,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The controlling party is P Mccallum.