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REGISTERED NUMBER: SC647966 (Scotland)


















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

G1 Scenery Limited

G1 Scenery Limited (Registered number: SC647966)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G1 Scenery Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R Hassall
D Richmond





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
United Kingdom
G84 8BP





REGISTERED NUMBER: SC647966 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

G1 Scenery Limited (Registered number: SC647966)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 56,770 59,011

CURRENT ASSETS
Stocks 29,781 33,000
Debtors 5 117,179 75,708
Cash at bank 891,840 865,146
1,038,800 973,854
CREDITORS
Amounts falling due within one year 6 99,942 63,311
NET CURRENT ASSETS 938,858 910,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

995,628

969,554

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 995,626 969,552
995,628 969,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 15 April 2025 and were signed on its behalf by:





D Richmond - Director


G1 Scenery Limited (Registered number: SC647966)

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

1. STATUTORY INFORMATION

G1 Scenery 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.

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.

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 - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

G1 Scenery Limited (Registered number: SC647966)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2023 96,515 3,163 99,678
Additions 17,209 - 17,209
At 30 November 2024 113,724 3,163 116,887
DEPRECIATION
At 1 December 2023 38,242 2,425 40,667
Charge for year 18,871 579 19,450
At 30 November 2024 57,113 3,004 60,117
NET BOOK VALUE
At 30 November 2024 56,611 159 56,770
At 30 November 2023 58,273 738 59,011

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 7,608 54,846
Other debtors 109,571 20,862
117,179 75,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security 99,942 62,149
Other creditors - 1,162
99,942 63,311

7. CONTINGENT LIABILITIES

As at 30 November 2024 the company had no contingent liabilities (2023 - £nil).

8. CAPITAL COMMITMENTS

As at 30 November 2024 the company had no capital commitments (2023 - £nil)

9. RELATED PARTY DISCLOSURES

As at 30 November 2024 included in other debtors are balances of £53,934 (2023 - £8,669) due from Mr R Hassall and £54,710 (2023 - £12,193) due from Mr D Richmond, directors of the company. There is no interest or fixed repayments terms thereon.