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REGISTERED NUMBER: SC674302 (Scotland)













Unaudited Financial Statements

FOR THE PERIOD

1 October 2022 to 29 September 2023

for

GAILES DEVELOPMENTS LTD

GAILES DEVELOPMENTS LTD (REGISTERED NUMBER: SC674302)






Contents of the Financial Statements
FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GAILES DEVELOPMENTS LTD

Company Information
FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023







DIRECTORS: A G Macdonald
J L Harkins





REGISTERED OFFICE: Sixth floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC674302 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

GAILES DEVELOPMENTS LTD (REGISTERED NUMBER: SC674302)

Balance Sheet
29 SEPTEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 347,033 348,033
Cash at bank 1,284 1,064
348,317 349,097
CREDITORS
Amounts falling due within one year 5 211,201 221,284
NET CURRENT ASSETS 137,116 127,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,116

127,813

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 137,016 127,713
SHAREHOLDERS' FUNDS 137,116 127,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:



J L Harkins - Director


GAILES DEVELOPMENTS LTD (REGISTERED NUMBER: SC674302)

Notes to the Financial Statements
FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023

1. STATUTORY INFORMATION

Gailes Developments 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.

Taxation
Taxation for the period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 347,033 348,033

GAILES DEVELOPMENTS LTD (REGISTERED NUMBER: SC674302)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 29 SEPTEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 45,284
Other creditors 211,201 176,000
211,201 221,284

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100