Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC498396 2023-04-01 2024-03-31 SC498396 2022-04-01 2023-03-31 SC498396 2024-03-31 SC498396 2023-03-31 SC498396 c:Director1 2023-04-01 2024-03-31 SC498396 c:Director2 2023-04-01 2024-03-31 SC498396 c:RegisteredOffice 2023-04-01 2024-03-31 SC498396 d:PlantMachinery 2023-04-01 2024-03-31 SC498396 d:PlantMachinery 2024-03-31 SC498396 d:PlantMachinery 2023-03-31 SC498396 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC498396 d:CurrentFinancialInstruments 2024-03-31 SC498396 d:CurrentFinancialInstruments 2023-03-31 SC498396 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC498396 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC498396 d:ShareCapital 2024-03-31 SC498396 d:ShareCapital 2023-03-31 SC498396 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC498396 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC498396 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC498396 c:OrdinaryShareClass1 2024-03-31 SC498396 c:OrdinaryShareClass1 2023-03-31 SC498396 c:FRS102 2023-04-01 2024-03-31 SC498396 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC498396 c:FullAccounts 2023-04-01 2024-03-31 SC498396 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC498396 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC498396










GAULCROSS WIND LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
GAULCROSS WIND LIMITED
 

COMPANY INFORMATION


DIRECTORS
C W Gray 
Mrs M H Gray 




REGISTERED NUMBER
SC498396



REGISTERED OFFICE
Greenacres
Portsoy

Banff

Aberdeenshire

AB45 2UL




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
GAULCROSS WIND LIMITED
REGISTERED NUMBER: SC498396

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
694,425
752,293

  
694,425
752,293

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
300,976
49,960

Cash at bank and in hand
  
666,467
369,758

  
967,443
419,718

Creditors: amounts falling due within one year
 6 
(181,007)
(62,827)

NET CURRENT ASSETS
  
 
 
786,436
 
 
356,891

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,480,861
1,109,184

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(124,682)
(128,409)

  
 
 
(124,682)
 
 
(128,409)

NET ASSETS
  
1,356,179
980,775


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
1,356,079
980,675

  
1,356,179
980,775


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 August 2024.

C W Gray
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
GAULCROSS WIND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Gaulcross Wind Limited is a private company, limited by shares, incorporated in Scotland with the registration number  SC498396.  The registered office and trading address is Greenacres, Portsoy, Banff, Aberdeenshire, United Kingdom, AB45 2UL.                                                
                                                                                                                                                                     The financial statements are presented in Sterling which is the functional currency of the Company and
rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

REVENUE

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
5%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 
GAULCROSS WIND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 April 2023
1,157,369



At 31 March 2024

1,157,369



DEPRECIATION


At 1 April 2023
405,076


Charge for the year on owned assets
57,868



At 31 March 2024

462,944



NET BOOK VALUE



At 31 March 2024
694,425



At 31 March 2023
752,293

Page 3

 
GAULCROSS WIND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


DEBTORS

2024
2023
£
£


Trade debtors
117,357
31,580

Other debtors
173,905
9,826

Prepayments and accrued income
9,714
8,554

300,976
49,960



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other creditors
176,963
58,089

Accruals
4,044
4,738

181,007
62,827



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 4