GORSEBRIG LIMITED

Company Registration Number:
SC165225 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

GORSEBRIG LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

GORSEBRIG LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

construction services



Directors

The director shown below has held office during the whole of the period from
1 May 2023 to 30 April 2024

D Dick Reid


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 April 2025

And signed on behalf of the board by:
Name: D Dick Reid
Status: Director

GORSEBRIG LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 623,066 623,669
Total current assets: 623,066 623,669
Creditors: amounts falling due within one year: 4 ( 530,385 ) ( 527,432 )
Net current assets (liabilities): 92,681 96,237
Total assets less current liabilities: 92,681 96,237
Creditors: amounts falling due after more than one year: 5 ( 23,237 ) ( 23,237 )
Total net assets (liabilities): 69,444 73,000
Capital and reserves
Called up share capital: 164,000 164,000
Profit and loss account: (94,556 ) (91,000 )
Total Shareholders' funds: 69,444 73,000

The notes form part of these financial statements

GORSEBRIG LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 April 2025
and signed on behalf of the board by:

Name: D Dick Reid
Status: Director

The notes form part of these financial statements

GORSEBRIG LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Deferred Taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements. Financial Instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial Assets classified as receivable within one year are not amortised. Financial assets are derecognised only when contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and subsequently all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities, including trade and other creditors, bank loans and other loans, are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial assets and liabilities are derecognised when the contractual rights to the cash flows from the asset expire or are settled and when the company’s contractual obligations expire or are discharged or cancelled.

GORSEBRIG LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

GORSEBRIG LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024 2023
£ £
Other debtors 623,066 623,669
Total 623,066 623,669

GORSEBRIG LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 6,420 6,420
Trade creditors 8,776 10,161
Taxation and social security 78,456 79,631
Other creditors 436,733 431,220
Total 530,385 527,432

GORSEBRIG LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 23,237 23,237
Total 23,237 23,237