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REGISTERED NUMBER: SC732945 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

GRASS ROOTS RENTALS LIMITED

GRASS ROOTS RENTALS LIMITED (REGISTERED NUMBER: SC732945)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRASS ROOTS RENTALS LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTOR: G A Veitch





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC732945 (Scotland)






GRASS ROOTS RENTALS LIMITED (REGISTERED NUMBER: SC732945)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,766 21,640

CURRENT ASSETS
Debtors 5 487 372
Cash at bank 1,574 987
2,061 1,359
CREDITORS
Amounts falling due within one year 6 50,065 29,266
NET CURRENT LIABILITIES (48,004 ) (27,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,238

)

(6,267

)

CAPITAL AND RESERVES
Called up share capital 40 40
Share premium 380 380
Retained earnings (20,658 ) (6,687 )
(20,238 ) (6,267 )

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

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

GRASS ROOTS RENTALS LIMITED (REGISTERED NUMBER: SC732945)

Balance Sheet - continued
31 May 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 28 January 2025 and were signed by:





G A Veitch - Director


GRASS ROOTS RENTALS LIMITED (REGISTERED NUMBER: SC732945)

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


1. STATUTORY INFORMATION

Grass Roots Rentals 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 - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on 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.

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.

Going concern
We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. We confirm that amounts due to the director will not become payable within the twelve months following the approval of these financial statements and that the director will continue to support the company for this period.

GRASS ROOTS RENTALS LIMITED (REGISTERED NUMBER: SC732945)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 6,072 7,167 11,720 - 24,959
Additions - 2,430 12,800 838 16,068
Reclassification/transfer (237 ) 237 - - -
At 31 May 2024 5,835 9,834 24,520 838 41,027
DEPRECIATION
At 1 June 2023 973 1,613 733 - 3,319
Charge for year 1,167 2,459 6,130 186 9,942
At 31 May 2024 2,140 4,072 6,863 186 13,261
NET BOOK VALUE
At 31 May 2024 3,695 5,762 17,657 652 27,766
At 31 May 2023 5,099 5,554 10,987 - 21,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 487 372

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 50,065 29,266

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G A Veitch.