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REGISTERED NUMBER: 05871949 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GLENEAGLES PROJECT SERVICES LIMITED

GLENEAGLES PROJECT SERVICES LIMITED (REGISTERED NUMBER: 05871949)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLENEAGLES PROJECT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: B P Dickson
T M Taylor
P G Colwell
A Khanbhai
C A Donovan
D R Goodey





SECRETARY: Ms K L Eyre





REGISTERED OFFICE: 2 Pellon Place Bradley Business Park
Dyson Wood Way
Huddersfield
HD2 1GT





REGISTERED NUMBER: 05871949 (England and Wales)





AUDITORS: John Williams & Co Limited
Chartered Certified Accountants
Statutory Auditors
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

GLENEAGLES PROJECT SERVICES LIMITED (REGISTERED NUMBER: 05871949)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,750 17,023

CURRENT ASSETS
Debtors 5 961,202 455,475
Cash at bank and in hand 818,319 819,161
1,779,521 1,274,636
CREDITORS
Amounts falling due within one year 6 184,414 217,982
NET CURRENT ASSETS 1,595,107 1,056,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,612,857

1,073,677

PROVISIONS FOR LIABILITIES 1,397 4,129
NET ASSETS 1,611,460 1,069,548

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,611,360 1,069,448
SHAREHOLDERS' FUNDS 1,611,460 1,069,548

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 7 February 2025 and were signed on its behalf by:





B P Dickson - Director


GLENEAGLES PROJECT SERVICES LIMITED (REGISTERED NUMBER: 05871949)

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

1. STATUTORY INFORMATION

Gleneagles Project Services Limited is a private company, limited by shares , registered in England and Wales. 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.
Office 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.

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.

Trade and other debtors and creditors
Trade and other debtors are recognised at transaction price less attributable transaction costs.

Trade and other creditors are recognised at transaction price plus attributable transaction costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 14 ) .

GLENEAGLES PROJECT SERVICES LIMITED (REGISTERED NUMBER: 05871949)

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 September 2023 85,891
Additions 14,006
At 31 August 2024 99,897
DEPRECIATION
At 1 September 2023 68,868
Charge for year 13,279
At 31 August 2024 82,147
NET BOOK VALUE
At 31 August 2024 17,750
At 31 August 2023 17,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 749,867 445,277
Amounts owed by group undertakings 204,023 -
Prepayments and accrued income 7,312 10,198
961,202 455,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,882 11,443
Tax 8,131 90,248
Social security and other taxes 26,081 22,389
VAT 112,064 69,253
Other creditors 11,351 17,573
Accruals and deferred income 8,905 7,076
184,414 217,982

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 29,048 29,048
Between one and five years 24,207 53,255
53,255 82,303

GLENEAGLES PROJECT SERVICES LIMITED (REGISTERED NUMBER: 05871949)

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

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 September 2023 1,069,448
Profit for the year 541,912
At 31 August 2024 1,611,360

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr M Wilson FCCA (Senior Statutory Auditor)
for and on behalf of John Williams & Co Limited

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 '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.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Sunrise Aggregator LLP.