2022-03-01 SC337082 2023-02-28 SC337082 2022-03-01 2023-02-28 SC337082 2022-02-28 SC337082 2021-03-01 2022-02-28 SC337082 uk-core:WithinOneYear uk-bus:Original 2022-02-28 SC337082 uk-core:WithinOneYear uk-bus:Original 2023-02-28 SC337082 uk-core:AfterOneYear uk-bus:Original 2022-02-28 SC337082 uk-core:AfterOneYear uk-bus:Original 2023-02-28 SC337082 uk-core:ShareCapital uk-bus:Original 2023-02-28 SC337082 uk-core:ShareCapital uk-bus:Original 2022-02-28 SC337082 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-02-28 SC337082 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-02-28 SC337082 uk-bus:Director1 uk-bus:Original 2022-03-01 2023-02-28 SC337082 uk-core:ToolsEquipment uk-bus:Original 2022-03-01 2023-02-28 SC337082 uk-core:ComputerEquipment uk-bus:Original 2022-03-01 2023-02-28 SC337082 uk-core:MotorCars uk-bus:Original 2022-03-01 2023-02-28 SC337082 uk-core:FurnitureFittings uk-bus:Original 2022-03-01 2023-02-28 SC337082 uk-core:ComputerEquipment uk-bus:Original 2022-02-28 SC337082 uk-core:FurnitureFittings uk-bus:Original 2022-02-28 SC337082 uk-core:MotorCars uk-bus:Original 2022-02-28 SC337082 uk-core:ToolsEquipment uk-bus:Original 2022-02-28 SC337082 uk-core:MotorCars uk-bus:Original 2023-02-28 SC337082 uk-core:FurnitureFittings uk-bus:Original 2023-02-28 SC337082 uk-core:ComputerEquipment uk-bus:Original 2023-02-28 SC337082 uk-core:ToolsEquipment uk-bus:Original 2023-02-28 SC337082 uk-core:WithinOneYear uk-bus:Original uk-core:Secured 2023-02-28 SC337082 uk-core:WithinOneYear uk-bus:Original uk-core:Secured 2022-02-28 SC337082 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2023-02-28 SC337082 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure SC337082 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-03-01 2023-02-28 SC337082 uk-bus:FRS102 uk-bus:Original 2022-03-01 2023-02-28 SC337082 uk-bus:FilletedAccounts uk-bus:Original 2022-03-01 2023-02-28 SC337082 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-03-01 2023-02-28
Gloss Developments Ltd
Registered Number:SC337082
For the year ended 28 February 2023
Scotland
Unaudited Financial Statements
2
For the year ended 28 February 2023
Gloss Developments Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
SC337082
As at 28 February 2023
Gloss Developments Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
31,897
28,366
2
31,897
28,366
Current assets
Inventories
113,000
34,468
3
Trade and other receivables
41,656
73,504
4
141,714
Cash and cash equivalents
169,349
277,321
296,370
Trade and other payables: amounts falling due within one
year
(113,533)
(96,270)
5
182,837
181,051
Net current assets
Total assets less current liabilities
212,948
211,203
Trade and other payables: amounts falling due after more
than one year
(38,334)
(38,082)
6
174,866
Net assets
172,869
Capital and reserves
Called up share capital
2
2
Retained earnings
174,864
172,867
174,866
172,869
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Paul Rogers Director
These financial statements were approved and authorised for issue by the Board on 22 August 2023 and were signed by:
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4
Registered Number :
SC337082
For the year ended 28 February 2023
Gloss Developments Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 28 February 2023
Gloss Developments Ltd
Notes to the Financial Statements
Statutory Information
Gloss Developments Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC337082.
Registered address:
28 Orchard Brae Gardens
Edinburgh
EH4 2HJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Tools
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Tools
£
£
£
£
£
Cost or
valuation
At 01 March 2022
95,328
12,547
5,608
52,377
24,796
14,164
4,793
-
-
9,371
Additions
At 28 February 2023
52,377
5,608
17,340
109,492
34,167
Provision for depreciation and impairment
At 01 March 2022
66,962
9,261
4,420
35,616
17,665
Charge for year
10,633
2,020
297
4,190
4,126
At 28 February 2023
77,595
11,281
4,717
39,806
21,791
At 28 February 2023
Net book value
12,376
12,571
891
6,059
31,897
At 28 February 2022
7,131
16,761
1,188
3,286
28,366
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6
For the year ended 28 February 2023
Gloss Developments Ltd
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
34,468
113,000
4. Trade and other receivables
2022
2023
£
£
Trade debtors
73,504
40,000
Other debtors
-
1,656
41,656
73,504
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
-
10,000
Trade creditors
19,890
55,279
Taxation and social security
26,847
18,052
Other creditors
49,533
30,202
96,270
113,533
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
38,082
38,334
7. Average number of persons employed
During the year the average number of employees was 8 (2022 : 7)
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