THE GBC BRIDGE LIMITED


Directors	Colin Reid Brown
	Eileen Cameron
	Rev Matthew David Marshall
	Hamish Ross Sinclair
	Sheila Davina Stevenson


Registered Address	Glenrothes Baptist Church
	Falkland Gate
	Glenrothes
	KY7 5NS


Registered Number	SC636975 (Scotland)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		43,328		54,632
			43,328		54,632
Current assets
Stocks		2,784		3,383
Debtors	4	4,628		7,565
Cash at bank and on hand		24,694		31,208
		32,106		42,156
Creditors amounts falling due within one year	5	(41,102)		(41,473)
Net current assets (liabilities)			(8,996)		683
Total assets less current liabilities			34,332		55,315
Provisions for liabilities			(8,232)		(10,380)
Net assets			26,100		44,935
Capital and reserves
Called up share capital			5		5
Profit and loss account			26,095		44,930
Shareholders' funds			26,100		44,935

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 4 December 2025, and are signed on its behalf by:

Hamish Ross Sinclair
Director
Registered Company No. SC636975

THE GBC BRIDGE LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the director who has confirmed that they will continue to support the company as required.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	15	-
Office Equipment	25	3

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	20		20

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 August 24	20,183	89,995	110,178
Additions	500	415	915
At 31 July 25	20,683	90,410	111,093
Depreciation and impairment
At 01 August 24	4,852	50,694	55,546
Charge for year	2,322	9,897	12,219
At 31 July 25	7,174	60,591	67,765
Net book value
At 31 July 25	13,509	29,819	43,328
At 31 July 24	15,331	39,301	54,632

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	3,853	6,875
Prepayments and accrued income	775	690
Total	4,628	7,565

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	7,084	11,867
Taxation and social security	21,351	20,213
Other creditors	9,104	7,878
Accrued liabilities and deferred income	3,563	1,515
Total	41,102	41,473