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REGISTERED NUMBER: SC440049 (Scotland)















G Applegate Ltd

Financial Statements For The Year Ended 31 January 2025






G Applegate Ltd (Registered number: SC440049)






Contents of the Financial Statements
For The Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G Applegate Ltd

Company Information
For The Year Ended 31 January 2025







DIRECTOR: G Applegate



REGISTERED OFFICE: Kilkerran
Station Road
Evanton
Ross-Shire
IV16 9YW



REGISTERED NUMBER: SC440049 (Scotland)



ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF



BANKERS: The Royal Bank Of Scotland plc
Alness Branch
53 High Street
Alness
Ross-Shire
IV17 0SH

G Applegate Ltd (Registered number: SC440049)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,659 41,272

CURRENT ASSETS
Debtors 5 2,387 -
Cash at bank 298,066 277,543
300,453 277,543
CREDITORS
Amounts falling due within one year 6 33,977 46,610
NET CURRENT ASSETS 266,476 230,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,135

272,205

PROVISIONS FOR LIABILITIES 7 15,705 7,842
NET ASSETS 333,430 264,363

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 333,330 264,263
SHAREHOLDERS' FUNDS 333,430 264,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 5 March 2025 and were signed by:



G Applegate - Director


G Applegate Ltd (Registered number: SC440049)

Notes to the Financial Statements
For The Year Ended 31 January 2025

1. STATUTORY INFORMATION

G Applegate 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.
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

G Applegate Ltd (Registered number: SC440049)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 1,300 93,611 4,155 99,066
Additions - 83,751 2,417 86,168
Disposals - (57,310 ) - (57,310 )
At 31 January 2025 1,300 120,052 6,572 127,924
DEPRECIATION
At 1 February 2024 963 53,789 3,042 57,794
Charge for year 51 21,310 1,243 22,604
Eliminated on disposal - (35,133 ) - (35,133 )
At 31 January 2025 1,014 39,966 4,285 45,265
NET BOOK VALUE
At 31 January 2025 286 80,086 2,287 82,659
At 31 January 2024 337 39,822 1,113 41,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 2,387 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Taxation and social security 26,354 38,987
Other creditors 7,623 7,623
33,977 46,610

7. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax
Accelerated capital allowances 15,705 7,842

Deferred
tax
£   
Balance at 1 February 2024 7,842
Charge to Income Statement during year 7,863
Balance at 31 January 2025 15,705

G Applegate Ltd (Registered number: SC440049)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2024 264,263
Profit for the year 89,067
Dividends (20,000 )
At 31 January 2025 333,330