GGS FIFE LTD


Directors	Michael Graham Anderson
	Wayne Guyan


Registered Address	125 Whitehill Road
	Glenrothes
	KY6 2RP


Registered Number	SC748889 (Scotland)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		17,106		19,462
			17,106		19,462
Current assets
Stocks		2,520		2,565
Debtors	4	11,479		9,550
Cash at bank and on hand		4,278		4,355
		18,277		16,470
Creditors amounts falling due within one year	5	(96,000)		(87,525)
Net current assets (liabilities)			(77,723)		(71,055)
Total assets less current liabilities			(60,617)		(51,593)
Creditors amounts falling due after one year	6		(58,111)		(27,778)
Provisions for liabilities			(3,250)		(3,698)
Net assets			(121,978)		(83,069)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(121,980)		(83,071)
Shareholders' funds			(121,978)		(83,069)

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 9 July 2026, and are signed on its behalf by:

Michael Graham Anderson
Director

Wayne Guyan
Director

Registered Company No. SC748889

GGS FIFE LTD

Notes to the Financial Statements
for the year ended 31 March 2026

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The financial statements have been prepared on the going concern basis. The directors find it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the directors who have 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
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixed assets are stated at cost, being purchase price, less accumulated depreciation.


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	20
	Office Equipment	20

	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


		2026		2025
	Average number of employees during the year	4		3

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 25	13,956	12,100	3,317	29,373
Additions	2,484	-	395	2,879
Disposals	-	(600)	-	(600)
At 31 March 26	16,440	11,500	3,712	31,652
Depreciation and impairment
At 01 April 25	4,450	4,407	1,054	9,911
Charge for year	2,837	1,469	521	4,827
On disposals	-	(192)	-	(192)
At 31 March 26	7,287	5,684	1,575	14,546
Net book value
At 31 March 26	9,153	5,816	2,137	17,106
At 31 March 25	9,506	7,693	2,263	19,462

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	2,493	2,904
Other debtors	7,866	5,580
Prepayments and accrued income	1,120	1,066
Total	11,479	9,550

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	26,385	20,712
Taxation and social security	8,089	2,787
Other creditors	60,289	62,901
Accrued liabilities and deferred income	1,237	1,125
Total	96,000	87,525

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	58,111	27,778
Total	58,111	27,778