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REGISTERED NUMBER: SC228933 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

G L Scaffolding Services Limited

G L Scaffolding Services Limited (Registered number: SC228933)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


G L Scaffolding Services Limited

Company Information
for the year ended 31st March 2024







Director: T Aburrow





Secretary: N Aburrow





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC228933 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
G L Scaffolding Services Limited


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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G L Scaffolding Services Limited for the year ended 31st March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of G L Scaffolding Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G L Scaffolding Services Limited and state those matters that we have agreed to state to the director of G L Scaffolding Services Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that G L Scaffolding Services Limited 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 G L Scaffolding Services Limited. You consider that G L Scaffolding Services Limited 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 G L Scaffolding Services Limited. 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.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


21st January 2025

G L Scaffolding Services Limited (Registered number: SC228933)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 107,624 71,409
Investments 5 16,496 16,496
124,120 87,905

Current assets
Stocks 6,928 10,341
Debtors 6 258,311 166,860
Cash at bank 76,364 10,340
341,603 187,541
Creditors
Amounts falling due within one year 7 106,568 53,821
Net current assets 235,035 133,720
Total assets less current liabilities 359,155 221,625

Creditors
Amounts falling due after more than one
year

8

(13,333

)

(23,333

)

Provisions for liabilities (26,906 ) (13,410 )
Net assets 318,916 184,882

Capital and reserves
Called up share capital 101 101
Retained earnings 318,815 184,781
318,916 184,882

G L Scaffolding Services Limited (Registered number: SC228933)

Balance Sheet - continued
31st March 2024


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.

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 director and authorised for issue on 21st January 2025 and were signed by:





T Aburrow - Director


G L Scaffolding Services Limited (Registered number: SC228933)

Notes to the Financial Statements
for the year ended 31st March 2024


1. Statutory information

G L Scaffolding Services 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 reducing balance
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

G L Scaffolding Services Limited (Registered number: SC228933)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


2. Accounting policies - continued

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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 9 ) .

4. Tangible fixed assets
Fixtures,
fittings
Plant and and Motor
machinery equipment vehicles Totals
£    £    £    £   
Cost
At 1st April 2023 179,641 7,341 175,088 362,070
Additions - 1,583 75,097 76,680
Disposals - (2,502 ) (47,798 ) (50,300 )
At 31st March 2024 179,641 6,422 202,387 388,450
Depreciation
At 1st April 2023 178,167 5,612 106,882 290,661
Charge for year 369 809 34,699 35,877
Eliminated on disposal - (2,423 ) (43,289 ) (45,712 )
At 31st March 2024 178,536 3,998 98,292 280,826
Net book value
At 31st March 2024 1,105 2,424 104,095 107,624
At 31st March 2023 1,474 1,729 68,206 71,409

5. Fixed asset investments
Other
loans
£   
At 1st April 2023
and 31st March 2024 16,496

G L Scaffolding Services Limited (Registered number: SC228933)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 229,639 142,031
Other debtors 28,672 24,829
258,311 166,860

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,565 5,981
Taxation and social security 80,570 30,183
Other creditors 11,433 7,657
106,568 53,821

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 13,333 23,333

9. Director's advances, credits and guarantees

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

2024 2023
£    £   
T Aburrow
Balance outstanding at start of year 12,817 14,297
Amounts advanced 48,000 39,240
Amounts repaid (50,220 ) (40,720 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,597 12,817

10. Related party disclosures

During the year, the director received salary of £12,000 (2023 - £11,760) and dividends of £48,000 (2023 - £38,500.