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REGISTERED NUMBER: SC769726 (Scotland)









Unaudited Financial Statements

for the Period 17 May 2023 to 31 May 2024

for

19gr Ltd

19gr Ltd (Registered number: SC769726)






Contents of the Financial Statements
for the period 17 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

19gr Ltd

Company Information
for the period 17 May 2023 to 31 May 2024







DIRECTORS: Ms BM McLaren
Ms M Paterson





REGISTERED OFFICE: 19 Glasgow Road
Paisley
PA1 3QX





REGISTERED NUMBER: SC769726 (Scotland)





ACCOUNTANTS: McLaren Ross
19 Glasgow Road
Paisley
PA1 3QX

19gr Ltd (Registered number: SC769726)

Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 145,625
Tangible assets 5 12,232
157,857

CURRENT ASSETS
Debtors 6 46,827
Cash at bank and in hand 3,571,865
3,618,692
CREDITORS
Amounts falling due within one year 7 3,551,637
NET CURRENT ASSETS 67,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,912

CREDITORS
Amounts falling due after more than one year 8 (185,547 )

PROVISIONS FOR LIABILITIES (2,752 )
NET ASSETS 36,613

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 36,513
36,613

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

19gr Ltd (Registered number: SC769726)

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 Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:




Ms BM McLaren - Director



Ms M Paterson - Director


19gr Ltd (Registered number: SC769726)

Notes to the Financial Statements
for the period 17 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

19gr 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

19gr Ltd (Registered number: SC769726)

Notes to the Financial Statements - continued
for the period 17 May 2023 to 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 150,000
At 31 May 2024 150,000
AMORTISATION
Charge for period 4,375
At 31 May 2024 4,375
NET BOOK VALUE
At 31 May 2024 145,625

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 13,848
At 31 May 2024 13,848
DEPRECIATION
Charge for period 1,616
At 31 May 2024 1,616
NET BOOK VALUE
At 31 May 2024 12,232

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 46,827

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 2,907
Taxation and social security 33,023
Other creditors 3,515,707
3,551,637

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Hire purchase contracts 10,661
Other creditors 174,886
185,547

19gr Ltd (Registered number: SC769726)

Notes to the Financial Statements - continued
for the period 17 May 2023 to 31 May 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following loan from a director subsisted during the period ended 31 May 2024:

£   
Ms BM McLaren
Balance outstanding at start of period -
Amounts advanced 92,588
Amounts repaid (267,474 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (174,886 )

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £10,000 were paid to the directors .

During the year a director advanced loan funds to the Company. The Company owed the Director £174,886 at 31 May 2024. This loan is interest free.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
19gr Ltd

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 19gr Ltd for the period ended 31 May 2024 which comprise the Income Statement, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of 19gr Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 19gr Ltd and state those matters that we have agreed to state to the Board of Directors of 19gr Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 19gr Ltd 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 19gr Ltd. You consider that 19gr Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of 19gr Ltd. 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.






McLaren Ross
19 Glasgow Road
Paisley
PA1 3QX


14 March 2025