IRIS Accounts Production v24.3.0.553 SC506135 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5061352023-03-31SC5061352024-03-31SC5061352023-04-012024-03-31SC5061352022-03-31SC5061352022-04-012023-03-31SC5061352023-03-31SC506135ns15:Scotland2023-04-012024-03-31SC506135ns14:PoundSterling2023-04-012024-03-31SC506135ns10:Director12023-04-012024-03-31SC506135ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC506135ns10:SmallEntities2023-04-012024-03-31SC506135ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC506135ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC506135ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC506135ns10:FullAccounts2023-04-012024-03-31SC506135ns10:OrdinaryShareClass12023-04-012024-03-31SC506135ns10:OrdinaryShareClass22023-04-012024-03-31SC506135ns10:Director22023-04-012024-03-31SC506135ns10:RegisteredOffice2023-04-012024-03-31SC506135ns5:CurrentFinancialInstruments2024-03-31SC506135ns5:CurrentFinancialInstruments2023-03-31SC506135ns5:ShareCapital2024-03-31SC506135ns5:ShareCapital2023-03-31SC506135ns5:RetainedEarningsAccumulatedLosses2024-03-31SC506135ns5:RetainedEarningsAccumulatedLosses2023-03-31SC506135ns5:ShareCapital2022-03-31SC506135ns5:RetainedEarningsAccumulatedLosses2022-03-31SC506135ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31SC506135ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31SC506135ns5:CostValuation2023-03-31SC506135ns5:Subsidiary12023-04-012024-03-31SC5061351ns5:Subsidiary12023-04-012024-03-31SC506135ns5:Subsidiary122023-04-012024-03-31SC506135ns5:Subsidiary12024-03-31SC506135ns5:Subsidiary12023-03-31SC506135ns5:Subsidiary12022-04-012023-03-31SC506135ns10:OrdinaryShareClass12024-03-31SC506135ns10:OrdinaryShareClass22024-03-31SC506135ns10:Director222023-03-31SC506135ns10:Director222022-03-31SC506135ns10:Director222023-04-012024-03-31SC506135ns10:Director222022-04-012023-03-31SC506135ns10:Director222024-03-31SC506135ns10:Director222023-03-31SC5061351ns10:Director12023-03-31SC5061351ns10:Director12022-03-31SC5061351ns10:Director12023-04-012024-03-31SC5061351ns10:Director12022-04-012023-03-31SC5061351ns10:Director12024-03-31SC5061351ns10:Director12023-03-31
REGISTERED NUMBER: SC506135 (Scotland)












UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SITE FORCE GLASGOW LIMITED

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


SITE FORCE GLASGOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Mccallum
Mrs C Mccallum





REGISTERED OFFICE: C/o Donachie Chartered Accountants
Templeton House
62 Templeton Street
Glasgow
G40 1DA





BUSINESS ADDRESS: School House St. Quivox
Ayr
South Ayrshire
KA6 5HJ





REGISTERED NUMBER: SC506135 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 176,751 176,751
Investment property 5 833,493 584,402
1,010,244 761,153

CURRENT ASSETS
Debtors 6 173,655 909
Cash at bank 36,684 4,209
210,339 5,118
CREDITORS
Amounts falling due within one year 7 241,825 149,833
NET CURRENT LIABILITIES (31,486 ) (144,715 )
TOTAL ASSETS LESS CURRENT LIABILITIES 978,758 616,438

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 978,658 616,338
SHAREHOLDERS' FUNDS 978,758 616,438

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mrs C Mccallum - Director


SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 100 333,550 333,650

Changes in equity
Dividends - (180,000 ) (180,000 )
Total comprehensive income - 462,788 462,788
Balance at 31 March 2023 100 616,338 616,438

Changes in equity
Dividends - (173,000 ) (173,000 )
Total comprehensive income - 535,320 535,320
Balance at 31 March 2024 100 978,658 978,758

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

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


1. STATUTORY INFORMATION

Site Force Glasgow 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.

Preparation of consolidated financial statements
The financial statements contain information about Site Force Glasgow Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover is measured at the fair value of the consideration received, net of VAT and represents the supply of services under contracts.

Turnover recognised at the point at which the Company has fulfilled its contractual obligations to the customer and can be reliably measured and it is probable that the economic benefit associated with the sale will flow to the entity.

Other income relates to rent. Rental income is recognised when the company is entitled to receive the income based on the contractual agreement in force.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

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.


SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Debtors and creditors that fall due within one year
Debtors and creditors that fall due within one year are recorded in the financial statements at undiscounted transaction (invoice) price. Debtors are reviewed for impairment at each reporting date and any impairments are recorded within the profit and loss and shown within administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 176,751
NET BOOK VALUE
At 31 March 2024 176,751
At 31 March 2023 176,751

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

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


4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Site Force Construction & Engineering Services Ltd.
Registered office: C/o Donachie Chartered Accountants, Templeton House, 62 Templeton Street, Glasgow, G40 1DA.
Nature of business: Recruitment
%
Class of shares: holding
Ordinary A 100.00
Ordinary B 100.00
2024 2023
£    £   
Aggregate capital and reserves 110,513 465,164
Profit for the year 160,349 394,075

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 584,402
Additions 249,091
At 31 March 2024 833,493
NET BOOK VALUE
At 31 March 2024 833,493
At 31 March 2023 584,402

The directors are of the opinion that the fair value of the investment property at the balance sheet date is not materially different from the cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 173,655 909

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 4,767 -
Other creditors 1,000 1,000
Directors' current accounts 236,058 148,833
241,825 149,833

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

SITE FORCE GLASGOW LIMITED (REGISTERED NUMBER: SC506135)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P Mccallum
Balance outstanding at start of year (75,256 ) (38,748 )
Amounts advanced 42,272 53,492
Amounts repaid (87,000 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (119,984 ) (75,256 )

Mrs C Mccallum
Balance outstanding at start of year (73,577 ) (38,747 )
Amounts advanced 43,503 55,170
Amounts repaid (86,000 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (116,074 ) (73,577 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is P Mccallum.