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REGISTERED NUMBER: SC212071 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

G S SITE SERVICES LIMITED

G S SITE SERVICES LIMITED (REGISTERED NUMBER: SC212071)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


G S SITE SERVICES LIMITED (REGISTERED NUMBER: SC212071)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,642,512 1,488,691

CURRENT ASSETS
Debtors 5 454,426 315,708
Cash at bank 1,287,739 1,095,502
1,742,165 1,411,210
CREDITORS
Amounts falling due within one year 6 619,936 446,173
NET CURRENT ASSETS 1,122,229 965,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,764,741

2,453,728

CREDITORS
Amounts falling due after more than one
year

7

-

(21,625

)

PROVISIONS FOR LIABILITIES (351,942 ) (259,109 )
NET ASSETS 2,412,799 2,172,994

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,412,699 2,172,894
SHAREHOLDERS' FUNDS 2,412,799 2,172,994

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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.

G S SITE SERVICES LIMITED (REGISTERED NUMBER: SC212071)

BALANCE SHEET - continued
31 October 2023



The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





T F G Sweeney - Director


G S SITE SERVICES LIMITED (REGISTERED NUMBER: SC212071)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

G S Site Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC212071

Registered office: Portcullis Estate
Milton of Campsie
Glasgow
G66 8AQ

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 and revenue recognition
Turnover represents net invoiced sales of materials for the construction industry., excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

G S SITE SERVICES LIMITED (REGISTERED NUMBER: SC212071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 1,991,289 4,800 78,736 2,074,825
Additions 663,000 - 84,608 747,608
Disposals (661,600 ) (4,800 ) (61,078 ) (727,478 )
At 31 October 2023 1,992,689 - 102,266 2,094,955
DEPRECIATION
At 1 November 2022 534,705 4,800 46,629 586,134
Charge for year 108,056 - 6,685 114,741
Eliminated on disposal (209,074 ) (4,800 ) (34,558 ) (248,432 )
At 31 October 2023 433,687 - 18,756 452,443
NET BOOK VALUE
At 31 October 2023 1,559,002 - 83,510 1,642,512
At 31 October 2022 1,456,584 - 32,107 1,488,691

The net book value of assets held under finance lease is £87,413 (2022: £485,760). Depreciation charged on these assets during the year was £9,713 (2022: £51,057).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 358,943 220,225
Other debtors 95,483 95,483
454,426 315,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other loans 228,118 228,118
Hire purchase contracts 8,125 66,642
Trade creditors 8,322 3,890
Tax 134,889 61,211
Social security and other taxes 2,186 2,251
VAT 114,840 80,011
Other creditors 120,000 -
Accrued expenses 3,456 4,050
619,936 446,173

G S SITE SERVICES LIMITED (REGISTERED NUMBER: SC212071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts - 21,625

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T F G Sweeney.