Gladhouse Planning Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: SC396544 (Scotland)

Financial Statements for the Year Ended 31 March 2017

for

GLADHOUSE PLANNING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Spaven

Dr M I M Donn

SECRETARY:

REGISTERED OFFICE:

Reservoir House

Gladhouse

Gorebridge

Midlothian

EH23 4TA

REGISTERED NUMBER:

SC396544 (Scotland)

ACCOUNTANTS:

Davidson Associates Limited

68 Edgehead Village

Pathhead

Midlothian

EH37 5RJ

FIXED ASSETS

Tangible assets

4

19,297

10,180

CURRENT ASSETS

Debtors

5

1,610

10,123

Cash at bank

-

991

1,610

11,114

CREDITORS

Amounts falling due within one year

6

(7,285

)

(10,023

)

NET CURRENT (LIABILITIES)/ASSETS

(5,675

)

1,091

TOTAL ASSETS LESS CURRENT LIABILITIES

13,622

11,271

CREDITORS

Amounts falling due after more than one year

7

(15,426

)

(11,152

)

NET (LIABILITIES)/ASSETS

(1,804

)

119

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,904

)

19

SHAREHOLDERS' FUNDS

(1,804

)

119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 June 2017 and were signed on its behalf by:

M Spaven - Director

1.	STATUTORY INFORMATION

Gladhouse Planning Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery etc

-

33% on cost and 20% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

25,339

Additions

21,500

Disposals

(21,300

)

At 31 March 2017

25,539

DEPRECIATION

At 1 April 2016

15,159

Charge for year

3,863

Eliminated on disposal

(12,780

)

At 31 March 2017

6,242

NET BOOK VALUE

At 31 March 2017

19,297

At 31 March 2016

10,180

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

238

7,126

Other debtors

1,372

2,997

1,610

10,123

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

2,338

-

Trade creditors

163

381

Taxation and social security

876

6,442

Other creditors

3,908

3,200

7,285

10,023

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

15,426

11,152

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 March 2017 and 31 March 2016:

31.3.17

31.3.16

£

£

M Spaven

Balance outstanding at start of year

2,795

1,593

Amounts advanced

-

2,795

Amounts repaid

(2,795

)

(1,593

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,795