Silverfin false true 31/01/2024 01/02/2023 31/01/2024 Barry Scott 18/11/2005 16 September 2024 The company is dormant and has not traded during the year. SC151872 2024-01-31 SC151872 bus:Director1 2024-01-31 SC151872 core:CurrentFinancialInstruments 2024-01-31 SC151872 core:CurrentFinancialInstruments 2023-01-31 SC151872 2023-01-31 SC151872 core:ShareCapital 2024-01-31 SC151872 core:ShareCapital 2023-01-31 SC151872 bus:OrdinaryShareClass1 2024-01-31 SC151872 2023-02-01 2024-01-31 SC151872 bus:FilletedAccounts 2023-02-01 2024-01-31 SC151872 bus:SmallEntities 2023-02-01 2024-01-31 SC151872 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC151872 bus:EntityHasNeverTraded 2023-02-01 2024-01-31 SC151872 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC151872 bus:Director1 2023-02-01 2024-01-31 SC151872 2022-02-01 2023-01-31 SC151872 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC151872 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC151872 (Scotland)

GTC CHEMICAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

GTC CHEMICAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024

Contents

GTC CHEMICAL SERVICES LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2024
GTC CHEMICAL SERVICES LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2024
2024 2023
£ £
Current assets
Debtors 3 2 2
2 2
Net current assets 2 2
Total assets less current liabilities 2 2
Net assets 2 2
Capital and reserves
Called-up share capital 4 2 2
Total shareholder's funds 2 2

GTC Chemical Services Limited (registered number: SC151872) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The financial statements of GTC Chemical Services Limited (registered number: SC151872) were approved and authorised for issue by the Director on 16 September 2024. They were signed on its behalf by:

Barry Scott
Director
GTC CHEMICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
GTC CHEMICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

GTC Chemical Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 36 Moycroft Road, Moycroft Industrial Estate, Elgin, Scotland, IV30 1XE, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

On the basis of these financial statements no provision has been made for corporation tax.

Profit and Loss Account

The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors balances, are measured at transaction price including transaction costs.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Other debtors 2 2

4. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

5. Ultimate controlling party

Parent Company:

Asbestos Specialists (UK) Ltd
Moycroft Industrial Estate
Elgin
Morayshire
United Kingdom
IV30 1XZ