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REGISTERED NUMBER: SC251714 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Graham Wilson (Contractor) Limited

Graham Wilson (Contractor) Limited (Registered number: SC251714)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Graham Wilson (Contractor) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr G C Wilson





REGISTERED OFFICE: Landfall
Findon
Portlethen
Aberdeen
AB12 3RL





REGISTERED NUMBER: SC251714 (Scotland)





ACCOUNTANTS: Anne McLennan
Landfall
Findon
Portlethen
Aberdeenshire
AB12 3RL

Graham Wilson (Contractor) Limited (Registered number: SC251714)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,796 64,592

CURRENT ASSETS
Debtors 5 7,064 7,626
Cash at bank 35,595 47,717
42,659 55,343
CREDITORS
Amounts falling due within one year 6 5,325 11,682
NET CURRENT ASSETS 37,334 43,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,130

108,253

PROVISIONS FOR LIABILITIES 9,651 12,272
NET ASSETS 78,479 95,981

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 78,478 95,980
SHAREHOLDERS' FUNDS 78,479 95,981

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 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 28 March 2025 and were signed by:




Mr G C Wilson - Director


Graham Wilson (Contractor) Limited (Registered number: SC251714)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Graham Wilson (Contractor) 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.

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 is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included within Creditors due within one year.

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 etc - 25% on reducing balance and 25% on cost

Tangible assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the proceeds and the carrying value of the asset, and is included in the profit and loss account.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include trade and other debtors and bank and cash balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans, are initially recognised at transaction price and are subsequently carried at amortised cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.


Graham Wilson (Contractor) Limited (Registered number: SC251714)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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 year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 114,481
Additions 55,780
Disposals (100,711 )
At 30 June 2024 69,550
DEPRECIATION
At 1 July 2023 49,889
Charge for year 17,324
Eliminated on disposal (48,459 )
At 30 June 2024 18,754
NET BOOK VALUE
At 30 June 2024 50,796
At 30 June 2023 64,592

Graham Wilson (Contractor) Limited (Registered number: SC251714)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 5,028 3,777
Other debtors 2,036 3,849
7,064 7,626

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 542 1,744
Taxation and social security 3,596 7,786
Other creditors 1,187 2,152
5,325 11,682

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr G C Wilson
Balance outstanding at start of year (5 ) (5 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5 ) (5 )