Gary Scott Rigging & Driving Services Limited 09211857 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of the provision of rigging and driving services. Digita Accounts Production Advanced 6.30.9574.0 true true 09211857 2023-05-01 2024-04-30 09211857 2024-04-30 09211857 bus:Director1 1 2024-04-30 09211857 bus:OrdinaryShareClass1 2024-04-30 09211857 core:RetainedEarningsAccumulatedLosses 2024-04-30 09211857 core:ShareCapital 2024-04-30 09211857 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 09211857 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 09211857 core:FurnitureFittingsToolsEquipment 2024-04-30 09211857 bus:SmallEntities 2023-05-01 2024-04-30 09211857 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09211857 bus:AbridgedAccounts 2023-05-01 2024-04-30 09211857 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09211857 bus:RegisteredOffice 2023-05-01 2024-04-30 09211857 bus:Director1 2023-05-01 2024-04-30 09211857 bus:Director1 1 2023-05-01 2024-04-30 09211857 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 09211857 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09211857 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 09211857 core:OfficeEquipment 2023-05-01 2024-04-30 09211857 1 2023-05-01 2024-04-30 09211857 countries:EnglandWales 2023-05-01 2024-04-30 09211857 2023-04-30 09211857 bus:Director1 1 2023-04-30 09211857 core:FurnitureFittingsToolsEquipment 2023-04-30 09211857 2022-05-01 2023-04-30 09211857 2023-04-30 09211857 bus:Director1 1 2023-04-30 09211857 bus:OrdinaryShareClass1 2023-04-30 09211857 core:RetainedEarningsAccumulatedLosses 2023-04-30 09211857 core:ShareCapital 2023-04-30 09211857 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09211857 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 09211857 core:FurnitureFittingsToolsEquipment 2023-04-30 09211857 bus:Director1 1 2022-05-01 2023-04-30 09211857 bus:Director1 1 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09211857

Gary Scott Rigging & Driving Services Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 April 2024

 

Gary Scott Rigging & Driving Services Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 9

 

Gary Scott Rigging & Driving Services Limited

(Registration number: 09211857)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,757

1,396

Current assets

 

Debtors

3,394

-

Cash at bank and in hand

 

18,886

39,313

 

22,280

39,313

Creditors: Amounts falling due within one year

(7,285)

(6,824)

Net current assets

 

14,995

32,489

Total assets less current liabilities

 

16,752

33,885

Creditors: Amounts falling due after more than one year

(229)

-

Provisions for liabilities

(334)

(265)

Accruals and deferred income

 

(1,058)

(1,058)

Net assets

 

15,131

32,562

Capital and reserves

 

Called up share capital

2

1

Profit and loss account

15,129

32,561

Total equity

 

15,131

32,562

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 17 July 2024
 

 

Gary Scott Rigging & Driving Services Limited

(Registration number: 09211857)
Abridged Balance Sheet as at 30 April 2024

.........................................
Mr Gary Scott
Director

 

Gary Scott Rigging & Driving Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
England

The principal place of business is:
29 Tates Way
Stevenage
Hertfordshire
SG1 4WP

These financial statements were authorised for issue by the director on 17 July 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 abridged 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 abridged 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

 

Gary Scott Rigging & Driving Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

2

Accounting policies (continued)

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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 and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Gary Scott Rigging & Driving Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

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

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on an annual basis. Any adjustment is made accordingly through the profit and loss account.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Gary Scott Rigging & Driving Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

738

555

 

Gary Scott Rigging & Driving Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

2,374

2,374

Additions

1,099

1,099

At 30 April 2024

3,473

3,473

Depreciation

At 1 May 2023

978

978

Charge for the year

738

738

At 30 April 2024

1,716

1,716

Carrying amount

At 30 April 2024

1,757

1,757

At 30 April 2023

1,396

1,396

 

Gary Scott Rigging & Driving Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

1

1

       

7

Dividends

2024

2023

£

£

Interim dividend of £23,000.00 (2023 - £7,500.00) per ordinary share

46,000

7,500

 

 

8

Related party transactions

Transactions with the director

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr Gary Scott

Directors loan account

(431)

51,128

(50,798)

(101)

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mr Gary Scott

Directors loan account

(10)

12,219

(12,640)

(431)

 

Gary Scott Rigging & Driving Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

8

Related party transactions (continued)


This loan is provided interest free and is repayable on demand.

9

Ultimate controlling party

The ultimate controlling party is Mr Gary Scott, by virtue of his shareholding.