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REGISTERED NUMBER: SC215980 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

G.C.S.E. LIMITED

G.C.S.E. LIMITED (REGISTERED NUMBER: SC215980)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.C.S.E. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Paul Alexander Grahamslaw





SECRETARY: Mrs Alison Grahamslaw





REGISTERED OFFICE: 5 Ramsay Road
Banchory
Aberdeenshire
AB31 5TT





REGISTERED NUMBER: SC215980 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

G.C.S.E. LIMITED (REGISTERED NUMBER: SC215980)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 437,078 437,444
Investments 5 1 1
437,079 437,445

CURRENT ASSETS
Debtors 6 5,469 10,870
Cash at bank 13,185 8,872
18,654 19,742
CREDITORS
Amounts falling due within one year 7 113,537 29,728
NET CURRENT LIABILITIES (94,883 ) (9,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,196

427,459

CREDITORS
Amounts falling due after more than one
year

8

110,039

209,487
NET ASSETS 232,157 217,972

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 232,155 217,970
SHAREHOLDERS' FUNDS 232,157 217,972

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

G.C.S.E. LIMITED (REGISTERED NUMBER: SC215980)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 28 February 2025 and were signed by:





Paul Alexander Grahamslaw - Director


G.C.S.E. LIMITED (REGISTERED NUMBER: SC215980)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

G.C.S.E. 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.

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.
Land and buildings - not provided
Plant and machinery etc - 33% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 2 (2023 - 2 ) .

G.C.S.E. LIMITED (REGISTERED NUMBER: SC215980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 436,823 14,854 451,677
DEPRECIATION
At 1 April 2023 - 14,233 14,233
Charge for year - 366 366
At 31 March 2024 - 14,599 14,599
NET BOOK VALUE
At 31 March 2024 436,823 255 437,078
At 31 March 2023 436,823 621 437,444

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 5,469 10,870

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 14,615 27,042
Trade creditors 95,998 1,473
Taxation and social security 1,711 -
Other creditors 1,213 1,213
113,537 29,728

G.C.S.E. LIMITED (REGISTERED NUMBER: SC215980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 40,039 139,487
Amounts owed to group undertakings 70,000 70,000
110,039 209,487

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 31,318