Company registration number SC244746 (Scotland)
GINO DI PLACIDO MONUMENTAL SCULPTORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
GINO DI PLACIDO MONUMENTAL SCULPTORS LTD
CONTENTS
Page
Statement of comprehensive income
Balance sheet
1
Notes to the financial statements
2 - 4
GINO DI PLACIDO MONUMENTAL SCULPTORS LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,651
2,390
Current assets
Debtors
5
1,297
2,051
Cash at bank and in hand
17,493
2,699
18,790
4,750
Creditors: amounts falling due within one year
6
(7,404)
(6,202)
Net current assets/(liabilities)
11,386
(1,452)
Net assets
13,037
938
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
12,937
838
Total equity
13,037
938

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 29 September 2025
Mr G R Di Placido
Director
Company Registration No. SC244746
GINO DI PLACIDO MONUMENTAL SCULPTORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Gino Di Placido Monumental Sculptors Ltd is a private company limited by shares incorporated in Scotland. The registered office is Titanium 1, King's Inch Place, Renfrew, Scotland, PA4 8WF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover consists of the sales value, including VAT, of work in the period under contracts to supply services to third parties. It includes the relevant proportion of the contract value for performance up to the period end.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on cost
Computers
25% on cost
Motor vehicles
25% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

GINO DI PLACIDO MONUMENTAL SCULPTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
9,961
3,273
12,165
25,399
Depreciation and impairment
At 1 April 2024
9,961
2,261
10,787
23,009
Depreciation charged in the year
-
0
394
345
739
At 31 March 2025
9,961
2,655
11,132
23,748
Carrying amount
At 31 March 2025
-
0
618
1,033
1,651
At 31 March 2024
-
0
1,012
1,378
2,390
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
594
1,015
Prepayments and accrued income
703
1,036
1,297
2,051
GINO DI PLACIDO MONUMENTAL SCULPTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
3,005
3,108
Other creditors
2,383
988
Accruals and deferred income
2,016
2,106
7,404
6,202
7
Related party transactions

At the balance sheet date the company owed the director £2,093 (2024: £445).

The loan is unsecured and repayable on demand.

2025-03-31 2024-04-01 false false false 29 September 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr G R Di Placido SC244746 2024-04-01 2025-03-31 SC244746 2025-03-31 SC244746 2024-03-31 SC244746 core:PlantMachinery 2025-03-31 SC244746 core:ComputerEquipment 2025-03-31 SC244746 core:MotorVehicles 2025-03-31 SC244746 core:PlantMachinery 2024-03-31 SC244746 core:ComputerEquipment 2024-03-31 SC244746 core:MotorVehicles 2024-03-31 SC244746 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC244746 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC244746 core:CurrentFinancialInstruments 2025-03-31 SC244746 core:CurrentFinancialInstruments 2024-03-31 SC244746 core:ShareCapital 2025-03-31 SC244746 core:ShareCapital 2024-03-31 SC244746 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC244746 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC244746 bus:Director1 2024-04-01 2025-03-31 SC244746 core:PlantMachinery 2024-04-01 2025-03-31 SC244746 core:ComputerEquipment 2024-04-01 2025-03-31 SC244746 core:MotorVehicles 2024-04-01 2025-03-31 SC244746 2023-04-01 2024-03-31 SC244746 core:PlantMachinery 2024-03-31 SC244746 core:ComputerEquipment 2024-03-31 SC244746 core:MotorVehicles 2024-03-31 SC244746 2024-03-31 SC244746 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC244746 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC244746 bus:FRS102 2024-04-01 2025-03-31 SC244746 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC244746 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP