Registered number: SC289042
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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GRAY COMPOSTING SERVICES LIMITED
COMPANY INFORMATION
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GRAY COMPOSTING SERVICES LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GRAY COMPOSTING SERVICES LIMITED
FOR THE YEAR ENDED 31 MARCH 2024
Chartered Accountants
Westby
64 West High Street
Angus
DD8 1BJ
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GRAY COMPOSTING SERVICES LIMITED
REGISTERED NUMBER: SC289042
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
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GRAY COMPOSTING SERVICES LIMITED
REGISTERED NUMBER: SC289042
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 4 to 7 form part of these financial statements.
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GRAY COMPOSTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Gray Composting Services Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC289042. The registered office is Westby, 64 West High Street, Forfar, DD8 1BJ. The trading address is Greenacres, Portsoy, Banff, AB45 2UL.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.
2.ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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GRAY COMPOSTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.ACCOUNTING POLICIES (CONTINUED)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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GRAY COMPOSTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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GRAY COMPOSTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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