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REGISTERED NUMBER: SC479619 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

GSN SAFETY SERVICES SCOTLAND LTD

GSN SAFETY SERVICES SCOTLAND LTD (REGISTERED NUMBER: SC479619)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GSN SAFETY SERVICES SCOTLAND LTD

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: G S Neill
Mrs C Neill





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC479619 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

GSN SAFETY SERVICES SCOTLAND LTD (REGISTERED NUMBER: SC479619)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,170 2,745

CURRENT ASSETS
Debtors 5 9,005 2,398
Cash at bank and in hand 8,639 16,053
17,644 18,451
CREDITORS
Amounts falling due within one year 6 13,490 12,472
NET CURRENT ASSETS 4,154 5,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,324

8,724

PROVISIONS FOR LIABILITIES 456 522
NET ASSETS 5,868 8,202

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 5,856 8,190
SHAREHOLDERS' FUNDS 5,868 8,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

GSN SAFETY SERVICES SCOTLAND LTD (REGISTERED NUMBER: SC479619)

Balance Sheet - continued
30 JUNE 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 12 February 2025 and were signed on its behalf by:





G S Neill - Director


GSN SAFETY SERVICES SCOTLAND LTD (REGISTERED NUMBER: SC479619)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

GSN Safety Services Scotland 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.

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 represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods.

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 a reducing balance basis
Fixtures and fittings - 20% on a reducing balance basis
Computer equipment - 33% on a straight line basis

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.

GSN SAFETY SERVICES SCOTLAND LTD (REGISTERED NUMBER: SC479619)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 5,146 372 6,549 12,067
Additions - - 574 574
At 30 June 2024 5,146 372 7,123 12,641
DEPRECIATION
At 1 July 2023 2,975 182 6,165 9,322
Charge for year 543 38 568 1,149
At 30 June 2024 3,518 220 6,733 10,471
NET BOOK VALUE
At 30 June 2024 1,628 152 390 2,170
At 30 June 2023 2,171 190 384 2,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,705 1,282
Other debtors 300 1,116
9,005 2,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 18
Taxation and social security 10,864 11,068
Other creditors 2,626 1,386
13,490 12,472