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REGISTERED NUMBER: SC425888 (Scotland)












Financial Statements for the Year Ended 31 March 2024

for

GL LANDSCAPING LTD

GL LANDSCAPING LTD (REGISTERED NUMBER: SC425888)






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


GL LANDSCAPING LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Low





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC425888 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

GL LANDSCAPING LTD (REGISTERED NUMBER: SC425888)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,135 21,513

CURRENT ASSETS
Debtors 5 7,707 3,842
Cash at bank 13,514 12,149
21,221 15,991
CREDITORS
Amounts falling due within one year 6 10,590 11,520
NET CURRENT ASSETS 10,631 4,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,766

25,984

CREDITORS
Amounts falling due after more than one
year

7

(14,554

)

(20,721

)

PROVISIONS FOR LIABILITIES 8 - (328 )
NET ASSETS 12,212 4,935

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,211 4,934
SHAREHOLDERS' FUNDS 12,212 4,935

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 director acknowledges his 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.

GL LANDSCAPING LTD (REGISTERED NUMBER: SC425888)

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2024 and were signed by:





G Low - Director


GL LANDSCAPING LTD (REGISTERED NUMBER: SC425888)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

GL Landscaping 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

GL LANDSCAPING LTD (REGISTERED NUMBER: SC425888)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 17,155 33,650 50,805
DEPRECIATION
At 1 April 2023 14,571 14,721 29,292
Charge for year 646 4,732 5,378
At 31 March 2024 15,217 19,453 34,670
NET BOOK VALUE
At 31 March 2024 1,938 14,197 16,135
At 31 March 2023 2,584 18,929 21,513

GL LANDSCAPING LTD (REGISTERED NUMBER: SC425888)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 33,650
DEPRECIATION
At 1 April 2023 14,721
Charge for year 4,732
At 31 March 2024 19,453
NET BOOK VALUE
At 31 March 2024 14,197
At 31 March 2023 18,929

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,449 3,842
Other debtors 5,258 -
7,707 3,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,633 4,633
Taxation and social security 4,883 5,881
Other creditors 1,074 1,006
10,590 11,520

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,133 7,667
Hire purchase contracts 8,421 13,054
14,554 20,721

GL LANDSCAPING LTD (REGISTERED NUMBER: SC425888)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax
Accelerated capital allowances 328

Deferred
tax
£   
Balance at 1 April 2023 328
Provided during year (345 )
Balance at 31 March 2024 (17 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,668 (2023 - £5,822) were paid to the director .

The company was under the control of the director, Mr G Low, throughout the current and previous year.