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REGISTERED NUMBER: SC791553 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 5 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

GRADWELL CONTRACTING LTD

GRADWELL CONTRACTING LTD (REGISTERED NUMBER: SC791553)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 DECEMBER 2023 TO 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


GRADWELL CONTRACTING LTD

COMPANY INFORMATION
FOR THE PERIOD 5 DECEMBER 2023 TO 31 DECEMBER 2024







DIRECTOR: A T Gradwell





REGISTERED OFFICE: 2d Cademuir Drive
Peebles
EH45 9AQ





REGISTERED NUMBER: SC791553 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

GRADWELL CONTRACTING LTD (REGISTERED NUMBER: SC791553)

BALANCE SHEET
31 DECEMBER 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 47,025

CURRENT ASSETS
Debtors 5 10,234
Cash at bank 24,175
34,409
CREDITORS
Amounts falling due within one year 6 63,993
NET CURRENT LIABILITIES (29,584 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,441

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings 17,440
SHAREHOLDERS' FUNDS 17,441

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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:





A T Gradwell - Director


GRADWELL CONTRACTING LTD (REGISTERED NUMBER: SC791553)

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 5 DECEMBER 2023 TO 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 1 - 1
Dividends - (33,500 ) (33,500 )
Total comprehensive income - 50,940 50,940
Balance at 31 December 2024 1 17,440 17,441

GRADWELL CONTRACTING LTD (REGISTERED NUMBER: SC791553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 DECEMBER 2023 TO 31 DECEMBER 2024


1. STATUTORY INFORMATION

Gradwell Contracting 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.

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 cost

Taxation
Taxation for the period 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 period 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.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

GRADWELL CONTRACTING LTD (REGISTERED NUMBER: SC791553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 DECEMBER 2023 TO 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 61,740
Disposals (2,250 )
At 31 December 2024 59,490
DEPRECIATION
At 5 December 2023 (2,374 )
Charge for period 14,886
Eliminated on disposal (47 )
At 31 December 2024 12,465
NET BOOK VALUE
At 31 December 2024 47,025
At 4 December 2023 2,374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 10,234

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 403
Corporation tax 535
Social security and other taxes 45
VAT 8,196
Directors' loan accounts 52,814
Accruals and deferred income 2,000
63,993

7. CALLED UP SHARE CAPITAL

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

1 Ordinary share of 1 was allotted and fully paid for cash at par during the period.

GRADWELL CONTRACTING LTD (REGISTERED NUMBER: SC791553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 DECEMBER 2023 TO 31 DECEMBER 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2024:

£   
A T Gradwell
Balance outstanding at start of period -
Amounts advanced 38,049
Amounts repaid (90,863 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (52,814 )

9. RELATED PARTY DISCLOSURES

During the period, total dividends of £33,500 were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The controlling party is A T Gradwell.