Burnbrae Grab Hire Ltd SC754593 false 2023-01-09 2024-01-31 2024-01-31 The principal activity of the company is plant hire and operators Digita Accounts Production Advanced 6.30.9574.0 true SC754593 2023-01-09 2024-01-31 SC754593 2024-01-31 SC754593 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-01-31 SC754593 core:CurrentFinancialInstruments 2024-01-31 SC754593 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 SC754593 bus:SmallEntities 2023-01-09 2024-01-31 SC754593 bus:AuditExemptWithAccountantsReport 2023-01-09 2024-01-31 SC754593 bus:FullAccounts 2023-01-09 2024-01-31 SC754593 bus:SmallCompaniesRegimeForAccounts 2023-01-09 2024-01-31 SC754593 bus:RegisteredOffice 2023-01-09 2024-01-31 SC754593 bus:Director1 2023-01-09 2024-01-31 SC754593 bus:Director2 2023-01-09 2024-01-31 SC754593 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-01-09 2024-01-31 SC754593 bus:PrivateLimitedCompanyLtd 2023-01-09 2024-01-31 SC754593 countries:Scotland 2023-01-09 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC754593

Burnbrae Grab Hire Ltd

Annual Report and Unaudited Financial Statements

for the Period from 9 January 2023 to 31 January 2024

 

Burnbrae Grab Hire Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Burnbrae Grab Hire Ltd

Company Information

Directors

Mr Neil Walker

Mr Alan Stuart Walker

Registered office

Burnbrae Stables
Burnbrae Road
Chryston
Glasgow
G69 9HR

Accountants

Clyde Business Services
159 King Street
Glasgow
Lanarkshire
G73 1BZ

 

Burnbrae Grab Hire Ltd

(Registration number: SC754593)
Balance Sheet as at 31 January 2024

Note

2024
£

Current assets

 

Debtors

4

29,647

Cash at bank and in hand

 

3,570

 

33,217

Creditors: Amounts falling due within one year

5

(14,794)

Net assets

 

18,423

Capital and reserves

 

Retained earnings

18,423

Shareholders' funds

 

18,423

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 April 2024 and signed on its behalf by:
 

.........................................
Mr Neil Walker
Director

.........................................
Mr Alan Stuart Walker
Director

 

Burnbrae Grab Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 9 January 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Burnbrae Stables
Burnbrae Road
Chryston
Glasgow
G69 9HR

These financial statements were authorised for issue by the Board on 22 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Burnbrae Grab Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 9 January 2023 to 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4

Debtors

Current

2024
£

Trade debtors

11,786

Other debtors

17,861

 

29,647

 

Burnbrae Grab Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 9 January 2023 to 31 January 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

4,473

Taxation and social security

10,277

Other creditors

44

14,794

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Share Capital of £1 each

2

2