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REGISTERED NUMBER: SC559257 (Scotland)












Financial Statements

for the Year Ended 31 March 2024

for

G61 Construction Ltd

G61 Construction Ltd (Registered number: SC559257)






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


G61 Construction Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S J Robertson
A Robertson





REGISTERED OFFICE: 20 Drymen Road
Bearsden
Glasgow
G61 2RD





REGISTERED NUMBER: SC559257 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

G61 Construction Ltd (Registered number: SC559257)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,050 5,774

CURRENT ASSETS
Debtors 5 30,768 34,304
Cash at bank 11,482 21,312
42,250 55,616
CREDITORS
Amounts falling due within one year 6 45,048 47,600
NET CURRENT (LIABILITIES)/ASSETS (2,798 ) 8,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,252

13,790

CREDITORS
Amounts falling due after more than one year 7 5,834 12,162
NET (LIABILITIES)/ASSETS (3,582 ) 1,628

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (3,682 ) 1,528
SHAREHOLDERS' FUNDS (3,582 ) 1,628

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 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.

G61 Construction Ltd (Registered number: SC559257)

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 Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:




S J Robertson - Director



A Robertson - Director


G61 Construction Ltd (Registered number: SC559257)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

G61 Construction 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

G61 Construction Ltd (Registered number: SC559257)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,157 10,998 2,710 15,865
Additions - - 1,182 1,182
At 31 March 2024 2,157 10,998 3,892 17,047
DEPRECIATION
At 1 April 2023 1,745 6,745 1,601 10,091
Charge for year 103 1,063 740 1,906
At 31 March 2024 1,848 7,808 2,341 11,997
NET BOOK VALUE
At 31 March 2024 309 3,190 1,551 5,050
At 31 March 2023 412 4,253 1,109 5,774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,728 34,304
Other debtors 40 -
30,768 34,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 1,552 2,466
Trade creditors 19,411 14,782
Taxation and social security 17,645 23,621
Other creditors 1,440 1,731
45,048 47,600

G61 Construction Ltd (Registered number: SC559257)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,834 10,834
Hire purchase contracts - 1,328
5,834 12,162

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100