IRIS Accounts Production v24.2.0.383 SC644932 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6449322023-03-31SC6449322024-03-31SC6449322023-04-012024-03-31SC6449322021-10-31SC6449322021-11-012023-03-31SC6449322023-03-31SC644932ns15:Scotland2023-04-012024-03-31SC644932ns14:PoundSterling2023-04-012024-03-31SC644932ns10:Director12023-04-012024-03-31SC644932ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC644932ns10:SmallEntities2023-04-012024-03-31SC644932ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31SC644932ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC644932ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC644932ns10:FullAccounts2023-04-012024-03-31SC644932ns10:CompanySecretary12023-04-012024-03-31SC644932ns10:RegisteredOffice2023-04-012024-03-31SC644932ns5:CurrentFinancialInstruments2024-03-31SC644932ns5:CurrentFinancialInstruments2023-03-31SC644932ns5:Non-currentFinancialInstruments2024-03-31SC644932ns5:Non-currentFinancialInstruments2023-03-31SC644932ns5:ShareCapital2024-03-31SC644932ns5:ShareCapital2023-03-31SC644932ns5:RetainedEarningsAccumulatedLosses2024-03-31SC644932ns5:RetainedEarningsAccumulatedLosses2023-03-31SC644932ns5:PlantMachinery2023-03-31SC644932ns5:PlantMachinery2023-04-012024-03-31SC644932ns5:PlantMachinery2024-03-31SC644932ns5:PlantMachinery2023-03-31SC644932ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC644932ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC644932 (Scotland)







Unaudited Financial Statements

For The Year Ended 31st March 2024

for

G360 Interiors Ltd

G360 Interiors Ltd (Registered number: SC644932)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

G360 Interiors Ltd

Company Information
For The Year Ended 31st March 2024







DIRECTOR: G Hendry





SECRETARY:





REGISTERED OFFICE: 8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP





REGISTERED NUMBER: SC644932 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

G360 Interiors Ltd (Registered number: SC644932)

Balance Sheet
31st March 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 14,088 9,581

CURRENT ASSETS
Stocks - 14,450
Debtors 5 4,436 -
Cash at bank 309 119
4,745 14,569
CREDITORS
Amounts falling due within one year 6 (4,794 ) (40,577 )
NET CURRENT LIABILITIES (49 ) (26,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,039

(16,427

)

CREDITORS
Amounts falling due after more than one
year

7

(3,077

)

(5,077

)
NET ASSETS/(LIABILITIES) 10,962 (21,504 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 10,762 (21,704 )
SHAREHOLDERS' FUNDS 10,962 (21,504 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G360 Interiors Ltd (Registered number: SC644932)

Balance Sheet - continued
31st 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 director and authorised for issue on 29th August 2024 and were signed by:





G Hendry - Director


G360 Interiors Ltd (Registered number: SC644932)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

G360 Interiors 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

G360 Interiors Ltd (Registered number: SC644932)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2023 13,226
Additions 8,145
At 31st March 2024 21,371
DEPRECIATION
At 1st April 2023 3,645
Charge for year 3,638
At 31st March 2024 7,283
NET BOOK VALUE
At 31st March 2024 14,088
At 31st March 2023 9,581

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 4,436 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 2,256 2,256
Trade creditors 5,208 -
Taxation and social security (4,874 ) 24,577
Other creditors 2,204 13,744
4,794 40,577

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 3,077 5,077

G360 Interiors Ltd

Report of the Accountants to the Director of
G360 Interiors Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP


29th August 2024