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REGISTERED NUMBER: SC149923 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

T.D. Gall Limited

T.D. Gall Limited (Registered number: SC149923)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


T.D. Gall Limited (Registered number: SC149923)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 6,198 6,837

CURRENT ASSETS
Debtors 6 5,853 3,307
Cash at bank 7 5,852 12,681
11,705 15,988
CREDITORS
Amounts falling due within one year 8 11,828 12,789
NET CURRENT (LIABILITIES)/ASSETS (123 ) 3,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,075

10,036

CREDITORS
Amounts falling due after more than one year 9 (531 ) (2,619 )

PROVISIONS FOR LIABILITIES (1,178 ) (1,299 )
NET ASSETS 4,366 6,118

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 4,364 6,116
SHAREHOLDERS' FUNDS 4,366 6,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

T.D. Gall Limited (Registered number: SC149923)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





Mr Thomas Douglas Gall - Director


T.D. Gall Limited (Registered number: SC149923)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Old Inn
Reay
Caithness
Caithness
KW14 7RE
Scotland

These financial statements were authorised for issue by the Board on 3rd June 2025.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

Basis of preparation
These financial statements have been prepared using the historical cost convention except that as
disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Going concern
At the balance sheet date the company had net current liabilities of £123. The directors have pledged to continue to financially support the business for at least 12 months. On this basis the directors feel it is appropriate to prepare these financial statements using the going concern assumption.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

T.D. Gall Limited (Registered number: SC149923)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. ACCOUNTING POLICIES - continued

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

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Finance income and costs policy
Interest relating to the Bounce Back Loan Scheme (BBLS) is charged on a monthly basis however, the first 12 months of interest are covered by the UK Government's Business Interruption Payment ("BIP").

The interest covered by the UK Government's BIP is debited to finance costs and credited to Government Grants in the profit and loss as it becomes paybale.

Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss,except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

T.D. Gall Limited (Registered number: SC149923)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 12,873 16,500 1,666 31,039
Additions 1,807 - - 1,807
At 31 March 2025 14,680 16,500 1,666 32,846
DEPRECIATION
At 1 April 2024 7,931 14,848 1,423 24,202
Charge for year 1,790 413 243 2,446
At 31 March 2025 9,721 15,261 1,666 26,648
NET BOOK VALUE
At 31 March 2025 4,959 1,239 - 6,198
At 31 March 2024 4,942 1,652 243 6,837

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,853 2,299
Other debtors - 1,008
5,853 3,307

7. CASH AT BANK

Cash and cash equivalents comprise cash on hand and call deposits.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Loans and borrowings (see note 10) 2,088 2,037
Trade creditors 2,756 2,298
Taxation and social security 3,856 2,716
Other creditors 3,128 5,738
11,828 12,789

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans (see note 10) 531 2,619

10. LOANS

The company has a loan under the Bounce Back Loan Scheme (BBLS) which is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy. The amount due less than one year is £2,088 (2024: £2,037).

T.D. Gall Limited (Registered number: SC149923)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary shares 1 2 2

12. RELATED PARTY TRANSACTIONS

At the balance sheet date, the company owed the directors £42 (2024: £1,456) These loans are interest free and repayable on demand.