IRIS Accounts Production v23.3.0.418 SC723394 Board of Directors 8.2.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7233942022-02-07SC7233942023-02-28SC7233942022-02-082023-02-28SC7233942022-02-07SC723394ns10:Originalns15:Scotland2022-02-082023-02-28SC723394ns14:PoundSterlingns10:Original2022-02-082023-02-28SC723394ns10:Originalns10:Director12022-02-082023-02-28SC723394ns10:Original2022-02-082023-02-28SC723394ns10:Original2023-02-28SC723394ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-082023-02-28SC723394ns10:Originalns10:SmallEntities2022-02-082023-02-28SC723394ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-082023-02-28SC723394ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-082023-02-28SC723394ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-082023-02-28SC723394ns10:Originalns10:AbridgedAccounts2022-02-082023-02-28SC723394ns10:Originalns10:Director22022-02-082023-02-28SC723394ns10:Originalns10:RegisteredOffice2022-02-082023-02-28SC723394ns10:Originalns5:CurrentFinancialInstruments2023-02-28SC723394ns10:Originalns5:Non-currentFinancialInstruments2023-02-28SC723394ns5:ShareCapitalns10:Original2023-02-28SC723394ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28SC723394ns10:Originalns5:LandBuildings2022-02-082023-02-28SC723394ns10:Originalns5:PlantMachinery2022-02-082023-02-28
REGISTERED NUMBER: SC723394 (Scotland)















Unaudited Financial Statements

for the Period 8 February 2022 to 28 February 2023

for

Glachbeg Croft Ltd

Glachbeg Croft Ltd (Registered number: SC723394)






Contents of the Financial Statements
for the Period 8 February 2022 to 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Glachbeg Croft Ltd

Company Information
for the Period 8 February 2022 to 28 February 2023







DIRECTORS: D P Spooner
Miss E M G Smillie





REGISTERED OFFICE: Unit 3
Fodderty Way
Dingwall Business Park
Dingwall
IV15 9XB





REGISTERED NUMBER: SC723394 (Scotland)





ACCOUNTANTS: Mackay & Co CA
3 Fodderty Way
Dingwall
Ross-shire
IV15 9XB

Glachbeg Croft Ltd (Registered number: SC723394)

Abridged Balance Sheet
28 February 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 289,761

CURRENT ASSETS
Stocks 6,200
Debtors 5,570
Cash at bank 12,836
24,606
CREDITORS
Amounts falling due within one year 132,441
NET CURRENT LIABILITIES (107,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,926

CREDITORS
Amounts falling due after more than
one year

5

173,235
NET ASSETS 8,691

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 8,689
8,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

Glachbeg Croft Ltd (Registered number: SC723394)

Abridged Balance Sheet - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 November 2023 and were signed on its behalf by:





D P Spooner - Director


Glachbeg Croft Ltd (Registered number: SC723394)

Notes to the Financial Statements
for the Period 8 February 2022 to 28 February 2023

1. STATUTORY INFORMATION

Glachbeg Croft Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Glachbeg Croft Ltd (Registered number: SC723394)

Notes to the Financial Statements - continued
for the Period 8 February 2022 to 28 February 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 302,775
Disposals (4,800 )
At 28 February 2023 297,975
DEPRECIATION
Charge for period 9,414
Eliminated on disposal (1,200 )
At 28 February 2023 8,214
NET BOOK VALUE
At 28 February 2023 289,761

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
£   
Repayable by instalments
Other loans greater than 5 yrs 173,235