IRIS Accounts Production v23.1.0.753 SC652892 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC6528922023-03-31SC6528922024-03-31SC6528922023-04-012024-03-31SC6528922022-03-31SC6528922022-04-012023-03-31SC6528922023-03-31SC652892ns15:Scotland2023-04-012024-03-31SC652892ns14:PoundSterling2023-04-012024-03-31SC652892ns10:Director12023-04-012024-03-31SC652892ns10:Director22023-04-012024-03-31SC652892ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC652892ns10:SmallEntities2023-04-012024-03-31SC652892ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31SC652892ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC652892ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC652892ns10:FullAccounts2023-04-012024-03-31SC652892ns10:OrdinaryShareClass12023-04-012024-03-31SC652892ns10:RegisteredOffice2023-04-012024-03-31SC652892ns5:CurrentFinancialInstruments2024-03-31SC652892ns5:CurrentFinancialInstruments2023-03-31SC652892ns5:ShareCapital2024-03-31SC652892ns5:ShareCapital2023-03-31SC652892ns5:RetainedEarningsAccumulatedLosses2024-03-31SC652892ns5:RetainedEarningsAccumulatedLosses2023-03-31SC652892ns5:PlantMachinery2023-03-31SC652892ns5:MotorVehicles2023-03-31SC652892ns5:PlantMachinery2023-04-012024-03-31SC652892ns5:MotorVehicles2023-04-012024-03-31SC652892ns5:PlantMachinery2024-03-31SC652892ns5:MotorVehicles2024-03-31SC652892ns5:PlantMachinery2023-03-31SC652892ns5:MotorVehicles2023-03-31SC652892ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC652892ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC652892ns5:AcceleratedTaxDepreciationDeferredTax2024-03-31SC652892ns5:AcceleratedTaxDepreciationDeferredTax2023-03-31SC652892ns5:DeferredTaxation2023-03-31SC652892ns5:DeferredTaxation2024-03-31SC652892ns10:OrdinaryShareClass12024-03-31SC652892ns5:RetainedEarningsAccumulatedLosses2023-03-31SC652892ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31SC6528921ns10:Director12023-03-31SC6528921ns10:Director12022-03-31SC6528921ns10:Director12023-04-012024-03-31SC6528921ns10:Director12022-04-012023-03-31SC6528921ns10:Director12024-03-31SC6528921ns10:Director12023-03-31SC652892ns10:Director222023-03-31SC652892ns10:Director222022-03-31SC652892ns10:Director222023-04-012024-03-31SC652892ns10:Director222022-04-012023-03-31SC652892ns10:Director222024-03-31SC652892ns10:Director222023-03-31
REGISTERED NUMBER: SC652892 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GRYPHON ROOFING SOLUTIONS LTD

GRYPHON ROOFING SOLUTIONS LTD (REGISTERED NUMBER: SC652892)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

GRYPHON ROOFING SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A J Crossan
C Murphy





REGISTERED OFFICE: Garrowhill Business Centre
Whirlow Road
Baillieston
Glasgow
G69 6QE





REGISTERED NUMBER: SC652892 (Scotland)





ACCOUNTANTS: J Gilmour & Co
Chartered Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW

GRYPHON ROOFING SOLUTIONS LTD (REGISTERED NUMBER: SC652892)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 5,443

CURRENT ASSETS
Debtors 5 138,324 112,455
Cash at bank 240,124 93,171
378,448 205,626
CREDITORS
Amounts falling due within one year 6 132,762 159,290
NET CURRENT ASSETS 245,686 46,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,688

51,779

PROVISIONS FOR LIABILITIES 7 - 1,227
NET ASSETS 245,688 50,552

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 245,686 50,550
SHAREHOLDERS' FUNDS 245,688 50,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GRYPHON ROOFING SOLUTIONS LTD (REGISTERED NUMBER: SC652892)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 1 July 2024 and were signed on its behalf by:




A J Crossan - Director



C Murphy - Director


GRYPHON ROOFING SOLUTIONS LTD (REGISTERED NUMBER: SC652892)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Gryphon Roofing 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GRYPHON ROOFING SOLUTIONS LTD (REGISTERED NUMBER: SC652892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 20,773 1,000 21,773
DEPRECIATION
At 1 April 2023 15,580 750 16,330
Charge for year 5,192 249 5,441
At 31 March 2024 20,772 999 21,771
NET BOOK VALUE
At 31 March 2024 1 1 2
At 31 March 2023 5,193 250 5,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 48,900 16,146
Tax 84,708 95,071
VAT 4,716 1,238
138,324 112,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,031 1,423
Tax 87,116 51,683
Other creditors 5,876 3,494
Directors' current accounts 37,692 101,645
Accrued expenses 1,047 1,045
132,762 159,290

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances - 1,227

Deferred
tax
£   
Balance at 1 April 2023 1,227
Accelerated Capital Allowances
Balance at 31 March 2024 1,227

GRYPHON ROOFING SOLUTIONS LTD (REGISTERED NUMBER: SC652892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 April 2023 50,550
Profit for the year 257,136
Dividends (62,000 )
At 31 March 2024 245,686

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A J Crossan
Balance outstanding at start of year 49,853 42,390
Amounts advanced 43,570 50,956
Amounts repaid (75,531 ) (43,493 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,892 49,853

C Murphy
Balance outstanding at start of year 51,792 45,890
Amounts advanced 43,570 49,456
Amounts repaid (75,562 ) (43,554 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,800 51,792

GRYPHON ROOFING SOLUTIONS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GRYPHON ROOFING SOLUTIONS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J Gilmour & Co
Chartered Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW


1 July 2024