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REGISTERED NUMBER: SC576702 (Scotland)















Gorsebank Services Limited

Financial Statements For The Year Ended 30 September 2023






Gorsebank Services Limited (Registered number: SC576702)






Contents of the Financial Statements
For The Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Gorsebank Services Limited

Company Information
For The Year Ended 30 September 2023







DIRECTORS: A J J Kemp
Mrs S Kemp





REGISTERED OFFICE: Park House Centre
South Street
Elgin
Moray
IV30 1JB





REGISTERED NUMBER: SC576702 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Gorsebank Services Limited (Registered number: SC576702)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 9,446

CURRENT ASSETS
Cash at bank 7,535 9,314

CREDITORS
Amounts falling due within one year 5 1,011 1,834
NET CURRENT ASSETS 6,524 7,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,524

16,926

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 6,424 16,826
SHAREHOLDERS' FUNDS 6,524 16,926

Gorsebank Services Limited (Registered number: SC576702)

Balance Sheet - continued
30 September 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 9 November 2023 and were signed on its behalf by:




A J J Kemp - Director



Mrs S Kemp - Director


Gorsebank Services Limited (Registered number: SC576702)

Notes to the Financial Statements
For The Year Ended 30 September 2023

1. STATUTORY INFORMATION

Gorsebank Services 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.
Equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Gorsebank Services Limited (Registered number: SC576702)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2022 26,821
Disposals (26,821 )
At 30 September 2023 -
DEPRECIATION
At 1 October 2022 17,375
Charge for year 2,361
Eliminated on disposal (19,736 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 9,446

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 1,011 1,834

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 October 2022 16,826
Deficit for the year (5,302 )
Dividends (5,100 )
At 30 September 2023 6,424

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,100 were paid to the directors .

Gorsebank Services Limited (Registered number: SC576702)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

8. RELATED PARTY DISCLOSURES - continued

A J J Kemp and Mrs S Kemp

are directors in the company


A loan has been given to the company by the directors. No interest is charged and no repayment terms have been agreed.

30.9.23 30.9.22
£    £   
Amount due to related party at the balance sheet date 11 834

9. ULTIMATE CONTROLLING PARTY

The controlling party is A J J Kemp.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Gorsebank Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gorsebank Services Limited for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gorsebank Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gorsebank Services Limited and state those matters that we have agreed to state to the Board of Directors of Gorsebank Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gorsebank Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gorsebank Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gorsebank Services Limited. You consider that Gorsebank Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gorsebank Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


9 November 2023