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REGISTERED NUMBER: SC249400 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

GORDON CAMPBELL SCOTT LTD.

GORDON CAMPBELL SCOTT LTD. (REGISTERED NUMBER: SC249400)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

GORDON CAMPBELL SCOTT LTD.

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr G Scott
Ms H C Sang





SECRETARY: Ms H C Sang





REGISTERED OFFICE: Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX





REGISTERED NUMBER: SC249400 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

GORDON CAMPBELL SCOTT LTD. (REGISTERED NUMBER: SC249400)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,622 87,365

CURRENT ASSETS
Stocks 5,818 -
Debtors 5 58,898 53,624
Cash at bank 22,580 19,634
87,296 73,258
CREDITORS
Amounts falling due within one year 6 129,946 136,397
NET CURRENT LIABILITIES (42,650 ) (63,139 )
TOTAL ASSETS LESS CURRENT LIABILITIES 79,972 24,226

CREDITORS
Amounts falling due after more than one year 7 (19,880 ) -

PROVISIONS FOR LIABILITIES 8 (25,794 ) (12,669 )
NET ASSETS 34,298 11,557

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 34,295 11,554
SHAREHOLDERS' FUNDS 34,298 11,557

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

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

GORDON CAMPBELL SCOTT LTD. (REGISTERED NUMBER: SC249400)

BALANCE SHEET - continued
31 July 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 Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:




Mr G Scott - Director



Ms H C Sang - Director


GORDON CAMPBELL SCOTT LTD. (REGISTERED NUMBER: SC249400)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Gordon Campbell Scott 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 40% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

GORDON CAMPBELL SCOTT LTD. (REGISTERED NUMBER: SC249400)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans are recognised at transaction price.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 130,213 1,741 26,499 1,244 159,697
Additions 95,635 - - - 95,635
Disposals (72,997 ) - - - (72,997 )
At 31 July 2024 152,851 1,741 26,499 1,244 182,335
DEPRECIATION
At 1 August 2023 57,396 922 13,158 856 72,332
Charge for year 18,555 123 3,335 155 22,168
Eliminated on disposal (34,787 ) - - - (34,787 )
At 31 July 2024 41,164 1,045 16,493 1,011 59,713
NET BOOK VALUE
At 31 July 2024 111,687 696 10,006 233 122,622
At 31 July 2023 72,817 819 13,341 388 87,365

GORDON CAMPBELL SCOTT LTD. (REGISTERED NUMBER: SC249400)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2023 72,000
Additions 88,000
Disposals (72,000 )
At 31 July 2024 88,000
DEPRECIATION
At 1 August 2023 28,224
Charge for year 11,704
Eliminated on disposal (34,061 )
At 31 July 2024 5,867
NET BOOK VALUE
At 31 July 2024 82,133
At 31 July 2023 43,776

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,581 10,418
Other debtors 37,781 37,525
VAT 9,046 4,478
Prepayments and accrued income 1,490 1,203
58,898 53,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,369 8,661
Tax 473 2,136
Other creditors 432 -
Directors' current accounts 119,672 125,600
129,946 136,397

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,880 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,794 12,669

GORDON CAMPBELL SCOTT LTD. (REGISTERED NUMBER: SC249400)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 12,669
Charge to Income Statement during year 13,125
Balance at 31 July 2024 25,794

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A 1 2 2
1 Ordinary B 1 1 1
3 3

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr G Scott
Balance outstanding at start of year (91,227 ) (85,282 )
Amounts repaid (952 ) (5,945 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (92,179 ) (91,227 )

Ms H C Sang
Balance outstanding at start of year (34,373 ) -
Amounts advanced 6,879 -
Amounts repaid - (34,373 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,494 ) (34,373 )

These amounts are interest free and have no set repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GORDON CAMPBELL SCOTT LTD.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gordon Campbell Scott Ltd. for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Gordon Campbell Scott Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gordon Campbell Scott Ltd. and state those matters that we have agreed to state to the Board of Directors of Gordon Campbell Scott Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gordon Campbell Scott Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gordon Campbell Scott Ltd.. You consider that Gordon Campbell Scott Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gordon Campbell Scott Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


21 January 2025