Registered number
SC398616
G & S (SCOTLAND) LTD
15 McArthur Street
Glasgow
Filleted Accounts
for the year ended 31 July 2025
Gondal Yousaf & Co. Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref:G111/TM

G & S (SCOTLAND) LTD
Registered number: | SC398616
Balance Sheet
as at 31 July 2025
Notes |  |  | 2025 |  |  | 2024
|  |  |  | £ |  |  | £
Fixed assets
Intangible assets | 3 |  |  | 10,000 |  |  | 10,000
Tangible assets | 4 |  |  | 40,604 |  |  | 45,116
|  |  |  | 50,604 |  |  | 55,116
Current assets
Stocks |  |  | 31,831 |  |  | 36,231
Debtors | 5 |  | 1,549 |  |  | 18
Cash at bank and in hand |  |  | 990 |  |  | 13,209
|  |  | 34,370 |  |  | 49,458
Creditors: amounts falling due within one year | 6 |  | (40,934) |  |  | (38,025)
Net current (liabilities)/assets |  |  |  | (6,564) |  |  | 11,433
Total assets less current liabilities |  |  |  | 44,040 |  |  | 66,549
Creditors: amounts falling due after more than one year | 7 |  |  | (18,792) |  |  | (32,777)
Net assets |  |  |  | 25,248 |  |  | 33,772
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 25,148 |  |  | 33,672
Shareholders' funds |  |  |  | 25,248 |  |  | 33,772
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Sajid Mahmood
Director
Approved by the board on 16 March 2026

G & S (SCOTLAND) LTD
Notes to the Accounts
for the year ended 31 July 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
| Intangible fixed assets
| Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Fixtures, fittings, tools and equipment | 10% Reducing balance
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price).
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 6 |  | 6
3 | Intangible fixed assets | £
| Goodwill:
| Cost
| At 1 August 2024 | 10,000
| At 31 July 2025 | 10,000
4 | Tangible fixed assets
|  |  |  | Fixture & fittings etc |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 August 2024 | 57,303 |  | 23,143 |  | 80,446
| At 31 July 2025 | 57,303 |  | 23,143 |  | 80,446
| Depreciation
| At 1 August 2024 | 33,016 |  | 2,314 |  | 35,330
| Charge for the year | 2,429 |  | 2,083 |  | 4,512
| At 31 July 2025 | 35,445 |  | 4,397 |  | 39,842
| Net book value
| At 31 July 2025 | 21,858 |  | 18,746 |  | 40,604
| At 31 July 2024 | 24,287 |  | 20,829 |  | 45,116
5 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 1,549 |  | 18
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Credit Card | 10,000 |  | 1,720
| Trade creditors | 11,667 |  | 6,828
| Taxation and social security costs | 10,781 |  | 20,323
| Other creditors | 8,486 |  | 9,154
|  |  |  |  |  | 40,934 |  | 38,025
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bounce back Loan | 10,000 |  | 19,986
| Director's loan account |  |  |  |  | 263 |  | 109
| Other creditors | 8,529 |  | 12,682
|  |  |  |  |  | 18,792 |  | 32,777

G & S (SCOTLAND) LTD SC398616 false 2024-08-01 2025-07-31 2025-07-31 VT Final Accounts November 2025 Mr Sajid Mahmood No description of principal activity SC398616 2023-08-01 2024-07-31 SC398616 core:WithinOneYear 2024-07-31 SC398616 core:AfterOneYear 2024-07-31 SC398616 core:ShareCapital 2024-07-31 SC398616 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC398616 2024-08-01 2025-07-31 SC398616 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC398616 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 SC398616 bus:Director40 2024-08-01 2025-07-31 SC398616 1 2024-08-01 2025-07-31 SC398616 2 2024-08-01 2025-07-31 SC398616 core:PlantMachinery 2024-08-01 2025-07-31 SC398616 core:Vehicles 2024-08-01 2025-07-31 SC398616 bus:FRS102 2024-08-01 2025-07-31 SC398616 bus:FilletedAccounts 2024-08-01 2025-07-31 SC398616 2025-07-31 SC398616 core:WithinOneYear 2025-07-31 SC398616 core:AfterOneYear 2025-07-31 SC398616 core:ShareCapital 2025-07-31 SC398616 core:RetainedEarningsAccumulatedLosses 2025-07-31 SC398616 core:Goodwill 2025-07-31 SC398616 core:PlantMachinery 2025-07-31 SC398616 core:Vehicles 2025-07-31 SC398616 2024-07-31 SC398616 core:Goodwill 2024-07-31 SC398616 core:PlantMachinery 2024-07-31 SC398616 core:Vehicles 2024-07-31 iso4217:GBP xbrli:pure