REGISTERED NUMBER: SC431052 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

GCM Services Scotland Ltd.

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

432,393

407,369

CURRENT ASSETS

Stocks

6,900

1,852

Debtors

5

305,145

647,176

Cash at bank

628,736

355,557

940,781

1,004,585

CREDITORS

Amounts falling due within one year

6

(479,327

)

(761,478

)

NET CURRENT ASSETS

461,454

243,107

TOTAL ASSETS LESS CURRENT LIABILITIES

893,847

650,476

CREDITORS

Amounts falling due after more than one year

7

(39,208

)

(101,250

)

PROVISIONS FOR LIABILITIES

(61,179

)

(102,034

)

NET ASSETS

793,460

447,192

CAPITAL AND RESERVES

Called up share capital

20,002

20,002

Retained earnings

773,458

427,190

793,460

447,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 23 April 2026 and were signed by:

Mr G C Marshall - Director

1.	STATUTORY INFORMATION

GCM Services Scotland Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC431052. The registered office is 128 Kilsyth Road, Banknock, Bonnybridge, FK4 1HY.

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 represents net invoiced sales of goods and services in respect of demolition services, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

1,331,298

Additions

182,724

Disposals

(159,914

)

At 31 August 2025

1,354,108

DEPRECIATION

At 1 September 2024

923,929

Charge for year

122,697

Eliminated on disposal

(124,911

)

At 31 August 2025

921,715

NET BOOK VALUE

At 31 August 2025

432,393

At 31 August 2024

407,369

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

329,340

DEPRECIATION

At 1 September 2024

119,444

Charge for year

52,474

At 31 August 2025

171,918

NET BOOK VALUE

At 31 August 2025

157,422

At 31 August 2024

209,896

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

259,484

599,241

Retentions

7,187

4,851

Other debtors

38,474

43,084

305,145

647,176

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

62,042

83,668

Trade creditors

38,072

83,083

Taxation and social security

304,935

498,432

Other creditors

74,278

96,295

479,327

761,478

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

39,208

101,250

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase contracts

101,250

184,918

Balances due on hire purchase agreements are secured on the assets to which they relate.

9.	RELATED PARTY DISCLOSURES

At the year end the amount owed by the company was £7,431 (2024: £3,110), to companies with shared directors and shareholders.

During the year, rent totalling £20,000 (2024: £5,000) was paid to a company with shared directors and shareholders.

During the prior year, the company wrote off an intercompany loan balance of £62,654 due from a company with shared directors and shareholders. This was in relation to a restructuring. The write-off was recognised as an exceptional expense in the profit and loss account, and no tax deduction was available on this amount.

In May 2024 the company sold a property for £260,000 to a company with shared directors and shareholders. The transaction was completed on an arm's length basis.

10.	ULTIMATE PARENT ENTITY

The company's ultimate controling party is GCM Services Trustees Limited, a company registered in Scotland. The financial statements of GCM Services Trustees Limited can be obtained from Companies House and its registered office is 128 Kilsyth Road, Banknock, Bonnybtidge, FK4 1HY.