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REGISTERED NUMBER: SC182968 (Scotland)















FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 30 DECEMBER 2024

FOR

GERRITSEN LOGISTICS UK LIMITED

GERRITSEN LOGISTICS UK LIMITED (REGISTERED NUMBER: SC182968)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


GERRITSEN LOGISTICS UK LIMITED (REGISTERED NUMBER: SC182968)

BALANCE SHEET
30 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 349,040

CURRENT ASSETS
Debtors 5 454,178 361,975
Cash at bank 23,025 61,234
477,203 423,209
CREDITORS
Amounts falling due within one year 6 (238,961 ) (231,123 )
NET CURRENT ASSETS 238,242 192,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,242

541,126

CREDITORS
Amounts falling due after more than one
year

7

(112,297

)

(176,990

)

PROVISIONS FOR LIABILITIES - (47,460 )
NET ASSETS 125,945 316,676

CAPITAL AND RESERVES
Called up share capital 900 900
Capital redemption reserve 100 100
Retained earnings 124,945 315,676
125,945 316,676

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2025 and were signed on its behalf by:





W J Gerritsen - Director


GERRITSEN LOGISTICS UK LIMITED (REGISTERED NUMBER: SC182968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 DECEMBER 2024


1. STATUTORY INFORMATION

Gerritsen Logistics UK Limited is a private company, limited by shares registered in Scotland. The company's registered number is SC182968 and it's registered office is Broomhouse Industrial Park, Lockerbie, Dumfriesshire, DG11 2RF.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts for the provision of industrial dismantling and engineering services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


GERRITSEN LOGISTICS UK LIMITED (REGISTERED NUMBER: SC182968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The directors consider that the company has sufficient working capital to enable it to continue to trade and meet its liabilities as they fall due for at least the next twelve months from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements for the period ended 31 December 2024.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 12 ) .

GERRITSEN LOGISTICS UK LIMITED (REGISTERED NUMBER: SC182968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 175,632 464,195 639,827
Disposals (175,632 ) (464,195 ) (639,827 )
At 30 December 2024 - - -
DEPRECIATION
At 1 January 2024 83,727 207,060 290,787
Charge for period 13,345 37,684 51,029
Eliminated on disposal (97,072 ) (244,744 ) (341,816 )
At 30 December 2024 - - -
NET BOOK VALUE
At 30 December 2024 - - -
At 31 December 2023 91,905 257,135 349,040

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 337,416
Disposals (337,416 )
At 30 December 2024 -
DEPRECIATION
At 1 January 2024 142,235
Eliminated on disposal (142,235 )
At 30 December 2024 -
NET BOOK VALUE
At 30 December 2024 -
At 31 December 2023 195,181

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,837 294,748
Amounts owed by group undertakings 241,175 -
Other debtors 120,166 67,227
454,178 361,975

GERRITSEN LOGISTICS UK LIMITED (REGISTERED NUMBER: SC182968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 64,692 59,907
Trade creditors 132,415 160,739
Taxation and social security 7,071 -
Other creditors 34,783 10,477
238,961 231,123

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 112,297 176,990

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Frederick Norman (Senior Statutory Auditor)
for and on behalf of Harold Sharp Limited

9. PENSION COMMITMENTS

The company contributes to a defined contribution pension scheme for the benefit of employees and directors.

The amount contributed in the period to 30 December 2024 was £9,254 (2023: £13,625). Creditors include £488 (2023: £1,105) in respect of outstanding employer pensions contributions at the period end.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions within the group.

11. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Gerritsen Group UK Limited, whose registered office is 5 Brooklands Place, Brooklands Road, Sale, England M33 3SD.

The smallest and largest group of which Gerritsen Logistics UK Limited is a member and for which consolidated financial statements are prepared is Gerritsen Group Bv. Copies of the consolidated accounts can be obtained from KvK's Business Register, Netherlands.