Registered number
SC713713
GL BUILDING MAINTENANCE LTD
Filleted Accounts
31 December 2023
GL BUILDING MAINTENANCE LTD
Registered number: SC713713
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,744 1,120
Current assets
Debtors 4 7,315 20,108
Cash at bank and in hand 1,381 153
8,696 20,261
Creditors: amounts falling due within one year 5 (10,087) (19,195)
Net current (liabilities)/assets (1,391) 1,066
Net assets 2,353 2,186
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,352 2,185
Shareholders' funds 2,353 2,186
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Craig Leslie
Director
Approved by the board on 31 July 2024
GL BUILDING MAINTENANCE LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% of cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 1,400
Additions 4,250
At 31 December 2023 5,650
Depreciation
At 1 January 2023 280
Charge for the year 1,626
At 31 December 2023 1,906
Net book value
At 31 December 2023 3,744
At 31 December 2022 1,120
4 Debtors 2023 2022
£ £
Trade debtors 2,758 18,928
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,000 -
Other debtors 1,557 1,180
7,315 20,108
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,698 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 9,810
Taxation and social security costs 7,873 8,882
Other creditors 516 503
10,087 19,195
6 Other information
GL BUILDING MAINTENANCE LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
2 Edison Street
Hillington
Glasgow
G52 4XN
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