G.L.FRENCH POLISHERS LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: SC746397 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

G.L.FRENCH POLISHERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

J G Mulholland

REGISTERED OFFICE:

41 Baillie Drive

Bothwell

Lanarkshire

REGISTERED NUMBER:

SC746397 (Scotland)

ACCOUNTANTS:

J Gilmour & Co

Chartered Certified Accountants

24 Clydeview

Bothwell

Glasgow

Lanarkshire

G71 8NW

FIXED ASSETS

Tangible assets

4

8,301

12,449

Investment property

5

38,604

-

46,905

12,449

CURRENT ASSETS

Debtors

6

2,558

Investments

7

11,000

-

Cash at bank

14,863

35,283

28,421

37,841

CREDITORS

Amounts falling due within one year

8

70,729

39,145

NET CURRENT LIABILITIES

(42,308

)

(1,304

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,597

11,145

PROVISIONS FOR LIABILITIES

9

1,577

3,112

NET ASSETS

3,020

8,033

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

2,920

7,933

SHAREHOLDERS' FUNDS

3,020

8,033

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

J G Mulholland - Director

1.	STATUTORY INFORMATION

G.L.FRENCH POLISHERS 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.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

15,890

707

16,597

DEPRECIATION

At 1 April 2024

3,972

176

4,148

Charge for year

3,972

176

4,148

At 31 March 2025

7,944

352

8,296

NET BOOK VALUE

At 31 March 2025

7,946

355

8,301

At 31 March 2024

11,918

531

12,449

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

38,604

At 31 March 2025

38,604

NET BOOK VALUE

At 31 March 2025

38,604

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Tax

2,558

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

Other

11,000

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

6,317

5,200

Tax

2,438

-

VAT

4,418

4,147

Other creditors

3,000

Directors' current accounts

12,850

1,425

Accrued expenses

41,706

25,373

70,729

39,145

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

Accelerated capital allowances

1,577

3,112

Deferred

tax

£

Balance at 1 April 2024

3,112

accelerated capital allowances

(1,535

)

Balance at 31 March 2025

1,577

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

1

100

11.

RESERVES

Retained

earnings

£

At 1 April 2024

7,933

Profit for the year

8,187

Dividends

(13,200

)

At 31 March 2025

2,920

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

31.3.25

31.3.24

£

J G Mulholland

Balance outstanding at start of year

(1,472

)

-

Amounts repaid

(11,378

)

(1,472

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(12,850

)

(1,472

)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

J Gilmour & Co

Chartered Certified Accountants

24 Clydeview

Bothwell

Glasgow

Lanarkshire

G71 8NW

30 December 2025