1 01/04/2022 31/03/2023 2023-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC690781 2022-04-01 2023-03-31 SC690781 2023-03-31 SC690781 2022-03-31 SC690781 2021-04-01 2022-03-31 SC690781 2022-03-31 SC690781 2021-03-31 SC690781 bus:RegisteredOffice 2022-04-01 2023-03-31 SC690781 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 SC690781 bus:Director1 2022-04-01 2023-03-31 SC690781 core:WithinOneYear 2023-03-31 SC690781 core:WithinOneYear 2022-03-31 SC690781 bus:AllOrdinaryShares 2021-04-01 2022-03-31 SC690781 core:ShareCapital 2023-03-31 SC690781 core:ShareCapital 2022-03-31 SC690781 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC690781 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC690781 bus:Director1 2022-03-31 SC690781 bus:Director1 2023-03-31 SC690781 bus:Director1 2022-03-31 SC690781 bus:Director1 2021-04-01 2022-03-31 SC690781 bus:SmallEntities 2022-04-01 2023-03-31 SC690781 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC690781 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC690781 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC690781 bus:FullAccounts 2022-04-01 2023-03-31
Company registration number: SC690781
Scentology GKG Limited
Unaudited filleted financial statements
31 March 2023
Scentology GKG Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Scentology GKG Limited
Directors and other information
Directors Mrs R McCulloch
Company number SC690781
Registered office 55 Carolside Avenue
Clarkston
Glasgow
G76 7AD
Accountant JP Gallagher & Co
106 Moston Lane East
Manchester
M40 3QL
Scentology GKG Limited
Statement of financial position
31 March 2023
31/03/23 31/03/22
Note £ £ £ £
Current assets
Debtors 6 2,900 5,618
Cash at bank and in hand 11 477
_______ _______
2,911 6,095
Creditors: amounts falling due
within one year 7 ( 3,969) ( 5,816)
_______ _______
Net current (liabilities)/assets ( 1,058) 279
_______ _______
Total assets less current liabilities ( 1,058) 279
_______ _______
Net (liabilities)/assets ( 1,058) 279
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 1,158) 179
_______ _______
Shareholders (deficit)/funds ( 1,058) 279
_______ _______
For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 November 2023 , and are signed on behalf of the board by:
Mrs R McCulloch
Director
Company registration number: SC690781
Scentology GKG Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 55 Carolside Avenue, Clarkston, Glasgow, G76 7AD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Staff costs
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
The aggregate payroll costs incurred during the year were:
Year Period
ended ended
31/03/23 31/03/22
£ £
Wages and salaries 7,809 9,832
_______ _______
5. Dividends
Equity dividends
Year Period
ended ended
31/03/23 31/03/22
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior period) - 19,500
_______ _______
6. Debtors
31/03/23 31/03/22
£ £
Other debtors 2,900 5,618
_______ _______
7. Creditors: amounts falling due within one year
31/03/23 31/03/22
£ £
Corporation tax 3,429 4,616
Other creditors 540 1,200
_______ _______
3,969 5,816
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 31/03/23
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs R McCulloch 5,618 ( 2,718) 2,900
_______ _______ _______
Period ended 31/03/22
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs R McCulloch - 5,618 5,618
_______ _______ _______