REGISTERED NUMBER: SC263930 (Scotland)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Green Field Marquees Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M W Craig

M Anderson

SECRETARY:

M W Craig

REGISTERED OFFICE:

6 Logie Mill

Beaverbank Business Park

Edinburgh

Lothian

EH7 4HG

REGISTERED NUMBER:

SC263930 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Tangible assets

4

127,018

100,961

CURRENT ASSETS

Debtors

5

147,413

90,780

Cash at bank

1,124

38,470

148,537

129,250

CREDITORS

Amounts falling due within one year

6

215,682

181,820

NET CURRENT LIABILITIES

(67,145

)

(52,570

)

TOTAL ASSETS LESS CURRENT LIABILITIES

59,873

48,391

CREDITORS

Amounts falling due after more than one year

7

(30,244

)

(29,810

)

PROVISIONS FOR LIABILITIES

8

(19,627

)

(8,579

)

NET ASSETS

10,002

10,002

CAPITAL AND RESERVES

Called up share capital

9

10,002

10,002

SHAREHOLDERS' FUNDS

10,002

10,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by:

M W Craig - Director

M Anderson - Director

1.	STATUTORY INFORMATION

Green Field Marquees 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.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover is recognised when the company gains the right to consideration.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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.

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.

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.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

579,872

9,003

107,304

-

696,179

Additions

59,622

-

-

893

60,515

Disposals

-

-

(2,895

)

-

(2,895

)

At 28 February 2025

639,494

9,003

104,409

893

753,799

DEPRECIATION

At 1 March 2024

537,320

9,003

48,895

-

595,218

Charge for year

24,453

-

9,782

223

34,458

Eliminated on disposal

-

-

(2,895

)

-

(2,895

)

At 28 February 2025

561,773

9,003

55,782

223

626,781

NET BOOK VALUE

At 28 February 2025

77,721

-

48,627

670

127,018

At 29 February 2024

42,552

-

58,409

-

100,961

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

23,838

26,644

Other debtors

123,575

64,136

147,413

90,780

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

16,365

9,403

Trade creditors

5,328

2,215

Taxation and social security

36,000

30,604

Other creditors

157,989

139,598

215,682

181,820

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

28,682

22,002

Other creditors

1,562

7,808

30,244

29,810

8.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

19,627

8,579

Deferred

tax

£

Balance at 1 March 2024

8,579

Provided during year

11,048

Balance at 28 February 2025

19,627

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

10,002

Ordinary

£1

10,002

10,002

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

M W Craig

Balance outstanding at start of year

(28,405

)

(2,149

)

Amounts advanced

(50,631

)

(29,311

)

Amounts repaid

27,833

3,055

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(51,203

)

(28,405

)

M Anderson

Balance outstanding at start of year

(32,011

)

(9,247

)

Amounts advanced

(52,211

)

(25,976

)

Amounts repaid

30,322

3,212

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(53,900

)

(32,011

)

11.	RELATED PARTY DISCLOSURES

Type of transaction

Movement in the year ended 28.2.25

Movement in the year ended 29.2.24

Balance receivable from/(payable to) related party as at 28.2.25

Balance receivable from/(payable to) related party as at 29.2.24

£

£

£

£

Directors

Rent

3,000

3,000

nil

nil

A director of the company receives rent from the company.