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REGISTERED NUMBER: SC455823 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 August 2024

for

GRT ROAD TRANSPORT CONSULTANTS LTD

GRT ROAD TRANSPORT CONSULTANTS LTD (REGISTERED NUMBER: SC455823)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRT ROAD TRANSPORT CONSULTANTS LTD

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S Robison
G Robison





REGISTERED OFFICE: 378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC455823 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

GRT ROAD TRANSPORT CONSULTANTS LTD (REGISTERED NUMBER: SC455823)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 207,775 232,349
207,775 232,349

CURRENT ASSETS
Debtors 6 44,816 80,327
Cash at bank and in hand 49,831 33,022
94,647 113,349
CREDITORS
Amounts falling due within one year 7 (116,979 ) (168,675 )
NET CURRENT LIABILITIES (22,332 ) (55,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,443

177,023

CREDITORS
Amounts falling due after more than one
year

8

(98,767

)

(105,071

)
NET ASSETS 86,676 71,952

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86,576 71,852
SHAREHOLDERS' FUNDS 86,676 71,952

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

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

GRT ROAD TRANSPORT CONSULTANTS LTD (REGISTERED NUMBER: SC455823)

Balance Sheet - continued
31 August 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 14 May 2025 and were signed on its behalf by:




G Robison - Director



S Robison - Director


GRT ROAD TRANSPORT CONSULTANTS LTD (REGISTERED NUMBER: SC455823)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

GRT Road Transport Consultants 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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


GRT ROAD TRANSPORT CONSULTANTS LTD (REGISTERED NUMBER: SC455823)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 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 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 100,000
AMORTISATION
At 1 September 2023
and 31 August 2024 100,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

GRT ROAD TRANSPORT CONSULTANTS LTD (REGISTERED NUMBER: SC455823)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 153,472 58,778 69,598 10,619 292,467
Disposals - - (10,750 ) - (10,750 )
At 31 August 2024 153,472 58,778 58,848 10,619 281,717
DEPRECIATION
At 1 September 2023 - 23,397 27,663 9,058 60,118
Charge for year - 8,845 8,866 390 18,101
Eliminated on disposal - - (4,277 ) - (4,277 )
At 31 August 2024 - 32,242 32,252 9,448 73,942
NET BOOK VALUE
At 31 August 2024 153,472 26,536 26,596 1,171 207,775
At 31 August 2023 153,472 35,381 41,935 1,561 232,349

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,816 80,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,414 7,113
Trade creditors 5,846 6,191
Tax 27,566 33,591
Social security and other taxes 787 (701 )
VAT 11,389 10,305
Other creditors 4,927 2,367
Directors' current accounts 57,885 108,644
Accrued expenses 1,165 1,165
116,979 168,675

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,620 6,304
Bank loans - 2-5 years 92,147 98,767
98,767 105,071

GRT ROAD TRANSPORT CONSULTANTS LTD (REGISTERED NUMBER: SC455823)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 105,071 111,074