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REGISTERED NUMBER: SC575879 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 September 2021

for

Springburn Service Station Ltd

Springburn Service Station Ltd (Registered number: SC575879)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Springburn Service Station Ltd

Company Information
for the Year Ended 30 September 2021







DIRECTOR: M Saeed





REGISTERED OFFICE: 121 Moffat Street
Glasgow
G5 0ND





REGISTERED NUMBER: SC575879 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , Morris Park
Glasgow
G5 0YD

Springburn Service Station Ltd (Registered number: SC575879)

Balance Sheet
30 September 2021

30.9.21 30.9.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120 120
Tangible assets 5 25,733 29,491
25,853 29,611

CURRENT ASSETS
Stocks 29,294 32,110
Debtors 6 120,000 120,000
Prepayments and accrued income 642 1,046
Cash at bank 36,561 11,745
186,497 164,901
CREDITORS
Amounts falling due within one year 7 227,327 167,880
NET CURRENT LIABILITIES (40,830 ) (2,979 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,977

)

26,632

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,077 ) 26,532
SHAREHOLDERS' FUNDS (14,977 ) 26,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 22 August 2022 and were signed by:



M Saeed - Director


Springburn Service Station Ltd (Registered number: SC575879)

Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

Springburn Service Station Ltd 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Formation expenses are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Springburn Service Station Ltd (Registered number: SC575879)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2020
and 30 September 2021 120
NET BOOK VALUE
At 30 September 2021 120
At 30 September 2020 120

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2020 46,706 - 46,706
Additions - 999 999
At 30 September 2021 46,706 999 47,705
DEPRECIATION
At 1 October 2020 17,215 - 17,215
Charge for year 4,424 333 4,757
At 30 September 2021 21,639 333 21,972
NET BOOK VALUE
At 30 September 2021 25,067 666 25,733
At 30 September 2020 29,491 - 29,491

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Deposit bond 120,000 120,000

Springburn Service Station Ltd (Registered number: SC575879)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Creditors & accruals 87,060 27,155
Tax 14,037 14,037
VAT 15,817 10,609
Other creditors 35,000 35,000
Directors' current accounts 70,913 79,579
Accrued expenses 4,500 1,500
227,327 167,880