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REGISTERED NUMBER: SC685257 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 January 2024

for

CLYDE GROUND INVESTIGATION LIMITED

CLYDE GROUND INVESTIGATION LIMITED (REGISTERED NUMBER: SC685257)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLYDE GROUND INVESTIGATION LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: C Bisset





REGISTERED OFFICE: Unit 14
17 Old Mill Park
Kirkintilloch
Glasgow
G66 1SS





REGISTERED NUMBER: SC685257 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

CLYDE GROUND INVESTIGATION LIMITED (REGISTERED NUMBER: SC685257)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 274,447 137,020

CURRENT ASSETS
Stocks 1,980 14,580
Debtors 5 114,709 -
Cash at bank and in hand 14,499 101,174
131,188 115,754
CREDITORS
Amounts falling due within one year 6 (132,352 ) (81,949 )
NET CURRENT (LIABILITIES)/ASSETS (1,164 ) 33,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,283

170,825

CREDITORS
Amounts falling due after more than one
year

7

(121,269

)

(54,116

)
NET ASSETS 152,014 116,709

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 151,914 116,609
152,014 116,709

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

CLYDE GROUND INVESTIGATION LIMITED (REGISTERED NUMBER: SC685257)

Balance Sheet - continued
31 January 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 24 October 2024 and were signed by:





C Bisset - Director


CLYDE GROUND INVESTIGATION LIMITED (REGISTERED NUMBER: SC685257)

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

1. STATUTORY INFORMATION

Clyde Ground Investigation Limited 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised 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.


CLYDE GROUND INVESTIGATION LIMITED (REGISTERED NUMBER: SC685257)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 105,250 2,159 73,686 3,002 184,097
Additions 180,491 3,684 33,160 - 217,335
Disposals (16,892 ) - - - (16,892 )
At 31 January 2024 268,849 5,843 106,846 3,002 384,540
DEPRECIATION
At 1 February 2023 24,345 311 20,864 1,557 47,077
Charge for year 39,741 761 26,711 1,001 68,214
Eliminated on disposal (5,198 ) - - - (5,198 )
At 31 January 2024 58,888 1,072 47,575 2,558 110,093
NET BOOK VALUE
At 31 January 2024 209,961 4,771 59,271 444 274,447
At 31 January 2023 80,905 1,848 52,822 1,445 137,020

CLYDE GROUND INVESTIGATION LIMITED (REGISTERED NUMBER: SC685257)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 112,120 -
VAT 2,589 -
114,709 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 45,398 13,674
Tax - 5,081
Social security and other taxes 13,580 8,413
VAT - 9,658
Directors' current accounts 29,377 29,389
Accrued expenses 43,997 15,734
132,352 81,949

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 96,269 29,116
Other creditors 25,000 25,000
121,269 54,116