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REGISTERED NUMBER: SC081637 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

G & W Refrigeration Limited

G & W Refrigeration Limited (Registered number: SC081637)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & W Refrigeration Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Gary Thomas Carberry





REGISTERED OFFICE: Unit 2A
Adam House
25 Auchinairn Road
Glasgow
G64 1RX





REGISTERED NUMBER: SC081637 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

G & W Refrigeration Limited (Registered number: SC081637)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stock and work in progress 23,000 19,600
Debtors 4 67,797 107,342
Cash at bank and in hand 197,392 86,025
288,189 212,967
CREDITORS
Amounts falling due within one year 5 140,240 165,397
NET CURRENT ASSETS 147,949 47,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,949

47,570

CREDITORS
Amounts falling due after more than one
year

6

13,052

19,052
NET ASSETS 134,897 28,518

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings 132,897 26,518
SHAREHOLDERS' FUNDS 134,897 28,518

G & W Refrigeration Limited (Registered number: SC081637)

Balance Sheet - continued
30 November 2024


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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 May 2025 and were signed by:





Gary Thomas Carberry - Director


G & W Refrigeration Limited (Registered number: SC081637)

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

1. STATUTORY INFORMATION

G & W Refrigeration 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock and work in progress to their present location and condition.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


G & W Refrigeration Limited (Registered number: SC081637)

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

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,390 90,337
Other debtors 33,407 17,005
67,797 107,342

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,758 26,194
Amounts owed to group undertakings - 6,990
Taxation and social security 43,590 24,737
Other creditors 87,892 107,476
140,240 165,397

G & W Refrigeration Limited (Registered number: SC081637)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,052 19,052

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary £1 2,000 2,000

8. ULTIMATE CONTROLLING PARTY

100% of the issued share capital is owned by GDR Ltd, a company registered in Scotland. GDR Ltd is controlled by the director, Mr Gary Carberry.