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REGISTERED NUMBER: SC524562 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GECKO GLAZING LTD.

GECKO GLAZING LTD. (REGISTERED NUMBER: SC524562)






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


GECKO GLAZING LTD.

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: G Claase





REGISTERED OFFICE: 4 Sauchiebank
Edinburgh
EH11 2NN





REGISTERED NUMBER: SC524562 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

GECKO GLAZING LTD. (REGISTERED NUMBER: SC524562)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,325 12,251
Tangible assets 5 31,646 977
63,971 13,228

CURRENT ASSETS
Stocks 11,000 -
Cash at bank 202,692 219,747
213,692 219,747
CREDITORS
Amounts falling due within one year 6 76,877 59,828
NET CURRENT ASSETS 136,815 159,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,786

173,147

PROVISIONS FOR LIABILITIES 5,252 186
NET ASSETS 195,534 172,961

CAPITAL AND RESERVES
Called up share capital 1,275 1,216
Share premium 155,724 155,783
Retained earnings 38,535 15,962
SHAREHOLDERS' FUNDS 195,534 172,961

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.

GECKO GLAZING LTD. (REGISTERED NUMBER: SC524562)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





G Claase - Director


GECKO GLAZING LTD. (REGISTERED NUMBER: SC524562)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gecko Glazing 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.

The financial statements are presented in Sterling (£).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


GECKO GLAZING LTD. (REGISTERED NUMBER: SC524562)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all 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.

Hire purchase and leasing commitments
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 10 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 April 2023 2,610 11,002 13,612
Additions - 23,817 23,817
At 31 March 2024 2,610 34,819 37,429
AMORTISATION
At 1 April 2023 261 1,100 1,361
Amortisation for year 261 3,482 3,743
At 31 March 2024 522 4,582 5,104
NET BOOK VALUE
At 31 March 2024 2,088 30,237 32,325
At 31 March 2023 2,349 9,902 12,251

GECKO GLAZING LTD. (REGISTERED NUMBER: SC524562)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 863 - - 939 1,802
Additions 16,116 8,895 12,000 - 37,011
At 31 March 2024 16,979 8,895 12,000 939 38,813
DEPRECIATION
At 1 April 2023 333 - - 492 825
Charge for year 2,497 1,334 2,400 111 6,342
At 31 March 2024 2,830 1,334 2,400 603 7,167
NET BOOK VALUE
At 31 March 2024 14,149 7,561 9,600 336 31,646
At 31 March 2023 530 - - 447 977

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,658 -
Hire purchase contracts 7,708 -
Taxation and social security 14,897 11,089
Other creditors 51,614 48,739
76,877 59,828