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Greig Employment Law Limited

Registered Number
SC587061
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

Greig Employment Law Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Greig, Catherine

Registered Address

C/O Murrison & Wilson Limited
10 Newton Terrace
Glasgow
G3 7PJ

Registered Number

SC587061 (Scotland)
Greig Employment Law Limited
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3417443
417443
Current assets
Stocks47501,740
Debtors516,14211,886
Cash at bank and on hand41,09379,786
57,98593,412
Creditors amounts falling due within one year6(37,162)(44,902)
Net current assets (liabilities)20,82348,510
Total assets less current liabilities21,24048,953
Net assets21,24048,953
Capital and reserves
Called up share capital11
Profit and loss account21,23948,952
Shareholders' funds21,24048,953
The financial statements were approved and authorised for issue by the Director on 20 June 2024, and are signed on its behalf by:
Greig, Catherine
Director
Registered Company No. SC587061
Greig Employment Law Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
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 Section1A Small Entities and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Office Equipment33
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 231001,9722,072
Additions-320320
At 31 March 241002,2922,392
Depreciation and impairment
At 01 April 23761,5531,629
Charge for year6340346
At 31 March 24821,8931,975
Net book value
At 31 March 2418399417
At 31 March 2324419443
4.Stocks

2024

2023

££
Work in progress7501,740
Total7501,740
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables13,3304,900
Other debtors-4,218
Prepayments and accrued income2,8122,768
Total16,14211,886
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security1,7159,454
Other creditors35,44735,448
Total37,16244,902