Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31false2023-07-17The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2No description of principal activityfalsefalse SC776019 2023-07-16 SC776019 2023-07-17 2024-08-31 SC776019 2022-09-01 2023-07-16 SC776019 2024-08-31 SC776019 c:Director1 2023-07-17 2024-08-31 SC776019 c:Director1 2024-08-31 SC776019 c:Director2 2023-07-17 2024-08-31 SC776019 c:Director2 2024-08-31 SC776019 c:RegisteredOffice 2023-07-17 2024-08-31 SC776019 d:CurrentFinancialInstruments 2024-08-31 SC776019 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 SC776019 d:ShareCapital 2024-08-31 SC776019 d:RetainedEarningsAccumulatedLosses 2024-08-31 SC776019 c:OrdinaryShareClass1 2023-07-17 2024-08-31 SC776019 c:OrdinaryShareClass1 2024-08-31 SC776019 c:FRS102 2023-07-17 2024-08-31 SC776019 c:AuditExemptWithAccountantsReport 2023-07-17 2024-08-31 SC776019 c:FullAccounts 2023-07-17 2024-08-31 SC776019 c:PrivateLimitedCompanyLtd 2023-07-17 2024-08-31 SC776019 2 2023-07-17 2024-08-31 SC776019 e:PoundSterling 2023-07-17 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC776019










GALLANT & WHYTE LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

 
GALLANT & WHYTE LIMITED
 

COMPANY INFORMATION


Directors
C Waddell (appointed 17 July 2023)
R Waddell (appointed 17 July 2023)




Registered number
SC776019



Registered office
Garden Cottage
Overrankeilour Farm

Cupar

United Kingdom

KY15 4NQ




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
GALLANT & WHYTE LIMITED
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GALLANT & WHYTE LIMITED
FOR THE PERIOD ENDED 31 AUGUST 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gallant & Whyte Limited for the period ended 31 August 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of Directors of Gallant & Whyte Limited, as a body, in accordance with the terms of our engagement letter dated 10 October 2024Our work has been undertaken solely to prepare for your approval the financial statements of Gallant & Whyte Limited and state those matters that we have agreed to state to the Board of Directors of Gallant & Whyte Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gallant & Whyte Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Gallant & Whyte Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gallant & Whyte Limited. You consider that Gallant & Whyte Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Gallant & Whyte Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



EQ Accountants Limited
 
Chartered Accountants
  
14 City Quay
Dundee
DD1 3JA
17 July 2025
Page 1

 
GALLANT & WHYTE LIMITED
REGISTERED NUMBER: SC776019

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
£

  

Current assets
  

Debtors: amounts falling due within one year
  
18,122

Cash at bank and in hand
  
681

  
18,803

Creditors: amounts falling due within one year
  
(18,651)

Net current assets
  
 
 
152

Total assets less current liabilities
  
152

  

Net assets
  
152


Capital and reserves
  

Called up share capital 
  
13

Profit and loss account
  
139

  
152


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 July 2025.




R Waddell
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
GALLANT & WHYTE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Gallant & Whyte Limited is a private company, limited by shares, incorporated in Scotland with registration number SC776019. The registered office is Garden Cottage, Overrankeilour Farm, Cupar, United Kingdom, KY15 4NQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
GALLANT & WHYTE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2024
£


Other debtors
13,549

Tax recoverable
4,573

18,122



5.


Creditors: Amounts falling due within one year

2024
£

Taxation and social security
15,151

Accruals and deferred income
3,500

18,651



6.


Share capital

2024
£
Allotted, called up and fully paid


13 Ordinary Shares shares of £1.00 each
13


During the year 13 shares were allotted and paid. 


7.


Transactions with directors

Advances to the director totals £47,560, £34,309 has been repaid, the balance outstanding at the year end £13,251, interest is being charged.


Page 4