2022-08-01 2023-07-31 SC673665 Giffnock Ltd false SC673665 2022-08-01 2023-07-31 SC673665 uk-bus:Director1 2022-08-01 2023-07-31 SC673665 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC673665 uk-bus:SmallEntities 2022-08-01 2023-07-31 SC673665 uk-bus:FullAccounts 2022-08-01 2023-07-31 SC673665 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC673665 2022-08-01 SC673665 2023-07-31 SC673665 2022-07-31 xbrli:pure iso4217:GBP SC673665 2021-08-01 2022-07-31
Company Registration Number : SC673665 (Scotland)
SC673665
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-07-31
false
Giffnock Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-08-01
Giffnock Ltd
Unaudited filleted financial statements
For the year ended 31 July 2023
Giffnock Ltd
Contents
For the year ended 31 July 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Giffnock Ltd
Company Information
For the year ended 31 July 2023

Company registration number SC673665 (Scotland)
Directors Anthony Cowley
Fallon Cowley
Registered office address 449 Clarkston Road
Glasgow
G44 3LL
Accountant Gatehouse Accounting Limited
The Gatehouse
Maritime Court, Inchinnan Business Park
PA4 9RX
Giffnock Ltd
Statement of Financial Position
For the year ended 31 July 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 141,539 155,683
5 141,539 155,683
Current assets
Inventories 3,281 3,555
Debtors 5,029 5,729
Cash and cash equivalents 10,059 26,447
18,370 35,731
Current liabilities
Creditors: Amounts falling due within one year (204,461) (166,129)
(204,461) (166,129)
Net current (liabilities)/assets (186,091) (130,398)
Total assets less current liabilities (44,552) 25,285
Net (liabilities)/assets (44,552) 25,285
Capital and reserves
Called up share capital 2 2
Retained earnings (44,554) 25,283
Shareholder's funds (44,552) 25,285
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 July 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 in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 01 April 2024
.............................
Fallon Cowley (Director)
Company registration number: SC673665
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-07-31 31 July 2023
2023 2022
£ £
Fixed Assets 141,539 155,683
Current Assets 13,340 30,002
Prepayments and accrued income 5,029 5,729
Creditors: amounts falling due within one year (204,461) (166,129)
Net current assets (liabilities) (186,091) (130,398)
Total assets less current liabilities (44,552) 25,285
Net Assets (liabilities) (44,552) 25,285
Capital and Reserves (44,552) 25,285
For the year ending 31/07/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-07-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year 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 accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 01 April 2024 2024-04-01 and signed on behalf of the board,
.............................
Fallon Cowley
Director
Company registration number: SC673665
Giffnock Ltd
Notes to the Financial Statements
For the year ended 31 July 2023

(1) General Information
The company is a private company limited by shares and is registered in Scotland. The address of the registered office is 449 Clarkston Road, Glasgow, G44 3LL.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery15% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings15% reducing balance
Equipment33% straight line
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.

(4) Employees
During the year, the average number of employees including director was 11 (2022 : 12).

(5) Fixed assets
Tangible

£
Cost
As at 01 August 2022177,237
As at 31 July 2023177,237
Depreciation/Amortisation
As at 01 August 202221,553
For the year14,144
As at 31 July 202335,697
Net book value
As at 31 July 2023141,540
As at 31 July 2022155,684