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REGISTERED NUMBER: SC399145 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

GLOBAL ABSEILING & INSPECTION SOLUTIONS
LTD

GLOBAL ABSEILING & INSPECTION SOLUTIONS
LTD (REGISTERED NUMBER: SC399145)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL ABSEILING & INSPECTION SOLUTIONS
LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: D M Greaves





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC399145 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

GLOBAL ABSEILING & INSPECTION SOLUTIONS
LTD (REGISTERED NUMBER: SC399145)

Balance Sheet
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246 184,126

CURRENT ASSETS
Debtors 5 72 20
Cash at bank 241,588 14,047
241,660 14,067
CREDITORS
Amounts falling due within one year 6 7,543 1,401
NET CURRENT ASSETS 234,117 12,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,363

196,792

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 234,263 196,692
SHAREHOLDERS' FUNDS 234,363 196,792

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GLOBAL ABSEILING & INSPECTION SOLUTIONS
LTD (REGISTERED NUMBER: SC399145)

Balance Sheet - continued
31 MAY 2023


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 director and authorised for issue on 5 February 2024 and were signed by:





D M Greaves - Director


GLOBAL ABSEILING & INSPECTION SOLUTIONS
LTD (REGISTERED NUMBER: SC399145)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Global Abseiling & Inspection Solutions 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.
Freehold property - not provided
Computer equipment - 15% on cost

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 NIL (2022 - NIL).

GLOBAL ABSEILING & INSPECTION SOLUTIONS
LTD (REGISTERED NUMBER: SC399145)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 June 2022 183,774 1,222 184,996
Disposals (183,774 ) - (183,774 )
At 31 May 2023 - 1,222 1,222
DEPRECIATION
At 1 June 2022 - 870 870
Charge for year - 106 106
At 31 May 2023 - 976 976
NET BOOK VALUE
At 31 May 2023 - 246 246
At 31 May 2022 183,774 352 184,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - (52 )
VAT 72 72
72 20

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 1 -
Tax 7,396 1,223
Directors' current accounts 146 178
7,543 1,401