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REGISTERED NUMBER: SC328108 (Scotland)












Financial Statements for the Year Ended 31 March 2025

for

GARY COYLE LTD

GARY COYLE LTD (REGISTERED NUMBER: SC328108)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARY COYLE LTD

Company Information
for the Year Ended 31 March 2025







DIRECTORS: GC Coyle
CD Coyle





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC328108 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

GARY COYLE LTD (REGISTERED NUMBER: SC328108)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,091 142,187

CURRENT ASSETS
Stocks 5,500 4,750
Debtors 5 49,623 43,740
Cash at bank and in hand 202,359 208,574
257,482 257,064
CREDITORS
Amounts falling due within one year 6 54,615 74,558
NET CURRENT ASSETS 202,867 182,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,958

324,693

PROVISIONS FOR LIABILITIES 7 1,153 4,057
NET ASSETS 332,805 320,636

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 332,785 320,616
SHAREHOLDERS' FUNDS 332,805 320,636

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.

GARY COYLE LTD (REGISTERED NUMBER: SC328108)

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





GC Coyle - Director


GARY COYLE LTD (REGISTERED NUMBER: SC328108)

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

1. STATUTORY INFORMATION

Gary Coyle 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Work in Progress reflects uninvoiced work at the year end. Thus is valued at its subsequent selling price. Profit is therefore recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

GARY COYLE LTD (REGISTERED NUMBER: SC328108)

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

2. ACCOUNTING POLICIES - continued

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 3 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024
and 31 March 2025 125,959 5,849 68,685 2,643 203,136
DEPRECIATION
At 1 April 2024 - 5,323 52,983 2,643 60,949
Charge for year - 139 10,957 - 11,096
At 31 March 2025 - 5,462 63,940 2,643 72,045
NET BOOK VALUE
At 31 March 2025 125,959 387 4,745 - 131,091
At 31 March 2024 125,959 526 15,702 - 142,187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 25,661 29,335
Other debtors 23,962 14,405
49,623 43,740

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 28,575 21,077
Taxation and social security 24,338 51,768
Other creditors 1,702 1,713
54,615 74,558

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 1,153 4,057

GARY COYLE LTD (REGISTERED NUMBER: SC328108)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 4,057
Provided during year (2,904 )
Balance at 31 March 2025 1,153

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £46,680 (2024 - £41,898) were paid to the directors .

The company was under the control of GC Coyle and CD Coyle throughout the current year and previous year.

During the year the company further advanced £4,648 to the directors. As at 31 March 2025 included within other debtors is a balance outstanding due to the company of £14,464 (2024 - £9,816). Interest was paid on this loan at rates in line with HMRC guidance.