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REGISTERED NUMBER: SC254781 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

G D Slater Ltd.

G D Slater Ltd. (Registered number: SC254781)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G D Slater Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr G D Slater
Mrs V A Slater





REGISTERED OFFICE: 1 James Street
Macduff
Aberdeenshire
AB44 1NX





REGISTERED NUMBER: SC254781 (Scotland)





ACCOUNTANTS: SBP
Accountants
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF

G D Slater Ltd. (Registered number: SC254781)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354 -

CURRENT ASSETS
Debtors 5 304 3,080
Cash at bank 49,392 39,792
49,696 42,872
CREDITORS
Amounts falling due within one year 6 13,861 9,938
NET CURRENT ASSETS 35,835 32,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,189

32,934

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 36,179 32,924
SHAREHOLDERS' FUNDS 36,189 32,934

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




Mr G D Slater - Director


G D Slater Ltd. (Registered number: SC254781)

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

1. STATUTORY INFORMATION

G D Slater 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

G D Slater Ltd. (Registered number: SC254781)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 725
Additions 529
Disposals (725 )
At 31 March 2024 529
DEPRECIATION
At 1 April 2023 725
Charge for year 175
Eliminated on disposal (725 )
At 31 March 2024 175
NET BOOK VALUE
At 31 March 2024 354
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 2,800
Other debtors 304 280
304 3,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 11,406 8,384
Other creditors 758 -
Directors' current accounts 283 179
Accrued expenses 1,414 1,375
13,861 9,938

7. RELATED PARTY DISCLOSURES

The Directors operate a current account with the company and as at 31 March 2024 the balance owed to the directors was £283 (2023: £179).

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G D Slater.