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REGISTERED NUMBER: SC676740 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

GILES ENTERPRISES (SCOTLAND) LIMITED
TRADING AS
REVIVE ABERDEEN

GILES ENTERPRISES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC676740)
TRADING AS REVIVE ABERDEEN






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 8

GILES ENTERPRISES (SCOTLAND) LIMITED
TRADING AS REVIVE ABERDEEN

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: Mr T Giles





REGISTERED OFFICE: Unit 27 Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX





REGISTERED NUMBER: SC676740 (Scotland)





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

GILES ENTERPRISES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC676740)
TRADING AS REVIVE ABERDEEN

STATEMENT OF FINANCIAL POSITION
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,933 8,633
Tangible assets 5 19,441 27,387
24,374 36,020

CURRENT ASSETS
Stocks 6 18,000 18,000
Debtors 7 43,223 31,892
Cash at bank 31,486 5,761
92,709 55,653
CREDITORS
Amounts falling due within one year 8 137,860 146,403
NET CURRENT LIABILITIES (45,151 ) (90,750 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,777

)

(54,730

)

CREDITORS
Amounts falling due after more than one year 9 (24,590 ) (46,282 )

PROVISIONS FOR LIABILITIES 12 (4,860 ) (6,847 )
NET LIABILITIES (50,227 ) (107,859 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (50,229 ) (107,861 )
SHAREHOLDERS' FUNDS (50,227 ) (107,859 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:




Mr T Giles - Director


GILES ENTERPRISES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC676740)
TRADING AS REVIVE ABERDEEN

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

1. STATUTORY INFORMATION

Giles Enterprises (Scotland) 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 - 33% on cost and 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

GILES ENTERPRISES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC676740)
TRADING AS REVIVE ABERDEEN

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

2. ACCOUNTING POLICIES - continued

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.

Going concern
The director, having made due and careful enquiry, is of the opinion that the company has adequate working capital and with their support can execute its operations over the next 12 months.The director, therefore, has made an informed judgement, at the time of approving the financial statements that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the director has continued to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 November 2023
and 31 October 2024 18,500
AMORTISATION
At 1 November 2023 9,867
Amortisation for year 3,700
At 31 October 2024 13,567
NET BOOK VALUE
At 31 October 2024 4,933
At 31 October 2023 8,633

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 25,477 2,832 43,687 - 71,996
Additions - 328 11,000 884 12,212
At 31 October 2024 25,477 3,160 54,687 884 84,208
DEPRECIATION
At 1 November 2023 16,097 551 27,961 - 44,609
Charge for year 6,479 1,043 12,526 110 20,158
At 31 October 2024 22,576 1,594 40,487 110 64,767
NET BOOK VALUE
At 31 October 2024 2,901 1,566 14,200 774 19,441
At 31 October 2023 9,380 2,281 15,726 - 27,387

GILES ENTERPRISES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC676740)
TRADING AS REVIVE ABERDEEN

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 38,687
Additions 11,000
At 31 October 2024 49,687
DEPRECIATION
At 1 November 2023 24,985
Charge for year 11,276
At 31 October 2024 36,261
NET BOOK VALUE
At 31 October 2024 13,426
At 31 October 2023 13,702

6. STOCKS
2024 2023
£    £   
Stocks 18,000 18,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,223 31,892

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,675 20,809
Hire purchase contracts (see note 10) 11,477 9,277
Trade creditors 11,274 11,695
Taxation and social security 20,799 21,574
Other creditors 68,635 83,048
137,860 146,403

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,207 33,139
Hire purchase contracts (see note 10) 11,383 13,143
24,590 46,282

GILES ENTERPRISES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC676740)
TRADING AS REVIVE ABERDEEN

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

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 11,477 9,277
Between one and five years 11,383 13,143
22,860 22,420

Non-cancellable operating leases
2024 2023
£    £   
Within one year 19,000 19,000
Between one and five years 16,000 76,000
In more than five years 46,444 65,445
81,444 160,445

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loan 9,500 15,500

There is a floating charge by HSBC UK Bank Plc over all and the whole of the company's assets and undertaking.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,860 6,847

Deferred
tax
£   
Balance at 1 November 2023 6,847
Movement (1,987 )
Balance at 31 October 2024 4,860

GILES ENTERPRISES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC676740)
TRADING AS REVIVE ABERDEEN

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

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr T Giles
Balance outstanding at start of year (47,822 ) (35,218 )
Amounts advanced 28,590 12,329
Amounts repaid (12,739 ) (24,933 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (31,971 ) (47,822 )

This loan bears no interest and has no fixed repayment period.

14. RELATED PARTY DISCLOSURES

There is a loan of £30,994 (2023: £30,994) due to an individual who is an immediate family member. This loan is Interest free and has no fixed repayment period.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GILES ENTERPRISES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC676740)

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 Statement of Financial Position. 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 Giles Enterprises (Scotland) Limited for the year ended 31 October 2024 which comprise the Income Statement, Statement of Financial Position, 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 director of Giles Enterprises (Scotland) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Giles Enterprises (Scotland) Limited and state those matters that we have agreed to state to the director of Giles Enterprises (Scotland) Limited 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 director for our work or for this report.

It is your duty to ensure that Giles Enterprises (Scotland) 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 Giles Enterprises (Scotland) Limited. You consider that Giles Enterprises (Scotland) 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 Giles Enterprises (Scotland) 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.






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


25 February 2025