1 May 2024 v2026.20.2 limited_company_frs_102_section_1a_v1_1_3 companies_house Software false true true true No description of principal activity false true xbrli:pure xbrli:shares iso4217:GBP SC492330 2024-05-01 2025-04-30 SC492330 2025-04-30 SC492330 2024-04-30 SC492330 core:WithinOneYear 2025-04-30 SC492330 core:WithinOneYear 2024-04-30 SC492330 core:AfterOneYear 2025-04-30 SC492330 core:ShareCapital 2025-04-30 SC492330 core:ShareCapital 2024-04-30 SC492330 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC492330 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC492330 bus:Director1 2024-05-01 2025-04-30 SC492330 bus:RegisteredOffice 2024-05-01 2025-04-30 SC492330 core:OfficeEquipment 2024-05-01 2025-04-30 SC492330 2023-05-01 2024-04-30 SC492330 core:PlantMachinery 2024-05-01 SC492330 core:PlantMachinery 2024-05-01 2025-04-30 SC492330 core:PlantMachinery 2025-04-30 SC492330 core:PlantMachinery 2024-04-30 SC492330 1 2024-05-01 2025-04-30 SC492330 countries:Scotland 2024-05-01 2025-04-30 SC492330 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 SC492330 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC492330 bus:SmallEntities 2024-05-01 2025-04-30 SC492330 bus:FullAccounts 2024-05-01 2025-04-30
Company registration number:
SC492330
Gillespie Accounting Ltd
Unaudited Filleted Financial Statements for the year ended
30 April 2025
Gillespie Accounting Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Gillespie Accounting Ltd
Year ended
30 April 2025
As described on the statement of financial position, the Board of Directors of
Gillespie Accounting Ltd
are responsible for the preparation of the
financial statements
for the year ended
30 April 2025
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me and I therefore do not express any opinion on the statutory financial statements.
GILLESPIE ACCOUNTING LTD
3 Russell Street
Chapelhall
Airdrie
ML6 8SG
United Kingdom
Date:
9 June 2026
Gillespie Accounting Ltd
Statement of Financial Position
30 April 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 56,524 |  | 412 |
Current assets |  |  |  |  |
Debtors | 6 | 55,704 |  | 30,625 |
Cash at bank and in hand |  | 25,379 |  | 8,288 |
|  | 81,083 |  | 38,913 |
Creditors: amounts falling due within one year | 7 | (84,642 | ) | (38,778 | )
Net current (liabilities)/assets |  | (3,559 | ) | 135 |
Total assets less current liabilities |  | 52,965 |  | 547 |
Creditors: amounts falling due after more than one year | 8 | (51,566 | ) | - |
Net assets |  | 1,399 |  | 547 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 1 |  | 1 |
Profit and loss account |  | 1,398 |  | 546 |
Shareholders funds |  | 1,399 |  | 547 |

For the year ending
30 April 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
9 June 2026
, and are signed on behalf of the board by:

Mr S Gillespie
Director

Company registration number:
SC492330
Gillespie Accounting Ltd
Notes to the Financial Statements
Year ended
30 April 2025

## 1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
3 Russell Street
,
Chapelhall
,
Airdrie
,
Lanarkshire
,
ML6 8SG
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

## Current tax

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.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment | 33.33% Straight Line

## Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

## Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

## Cash and Cash Equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

## 4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1.00
).

## 5 Tangible assets

| Plant and machinery etc.
--- | ---
| £
Cost |  |
At 1 May 2024 | 2,430 |
Additions | 59,480 |
At 30 April 2025 | 61,910 |
Depreciation |  |
At 1 May 2024 | 2,018 |
Charge | 3,368 |
At 30 April 2025 | 5,386 |
Carrying amount |  |
At 30 April 2025 | 56,524 |
At 30 April 2024 | 412 |

## 6 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 5,916 |  | 11,943 |
Other debtors | 49,788 |  | 18,682 |
| 55,704 |  | 30,625 |

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 43,790 |  | 5,793 |
Taxation and social security | 30,581 |  | 32,985 |
Other creditors | 10,271 |  | - |
| 84,642 |  | 38,778 |

## 8 Creditors: amounts falling due after more than one year

| 2025 | 2024
--- | --- | ---
| £ | £
Other creditors | 51,566 |  | - |

## 9 Related party transactions

As at 30 April 2025 Mr S Gillespie, director, owed the company £35,133 (30 April 2024: (£14,657)). This balance has been cleared prior to 9 months from the year end.
Also, as at 30 April 2025 the company was owed £510 from GH Transport Ltd. A company in which Mr S Gillespie is also a director and shareholder.

## 10 Controlling party

During the current and previous period the company was under the control of Mr S Gillespie who owns 100% of the share capital of the company.