Company Registration No. SC062663 (Scotland)
GLASGOW FLYING CLUB LIMITED
Unaudited accounts
for the year ended 31 December 2022
GLASGOW FLYING CLUB LIMITED
Unaudited accounts
Contents
GLASGOW FLYING CLUB LIMITED
Company Information
for the year ended 31 December 2022
Director
Archie Mcclelland
Company Number
SC062663 (Scotland)
Registered Office
WALKINSHAW ROAD
RENFREW
RENFREWSHIRE
PA4 9LP
United Kingdom
GLASGOW FLYING CLUB LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
43,315
38,010
Cash at bank and in hand
6,269
43,303
Creditors: amounts falling due within one year
(40,486)
(40,626)
Net current (liabilities)/assets
(34,167)
2,727
Total assets less current liabilities
9,148
40,737
Creditors: amounts falling due after more than one year
(12,071)
(15,000)
Net (liabilities)/assets
(2,923)
25,737
Profit and loss account
(2,923)
25,737
Members' funds
(2,923)
25,737
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2023 and were signed on its behalf by
Archie Mcclelland
Director
Company Registration No. SC062663
GLASGOW FLYING CLUB LIMITED
Notes to the Accounts
for the year ended 31 December 2022
GLASGOW FLYING CLUB LIMITED is a private company, limited by guarantee, registered in Scotland, registration number SC062663. The registered office is WALKINSHAW ROAD, RENFREW, RENFREWSHIRE, PA4 9LP, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
35,676
2,818
38,494
At 31 December 2022
49,676
2,818
52,494
At 1 January 2022
252
232
484
Charge for the year
8,229
466
8,695
At 31 December 2022
8,481
698
9,179
At 31 December 2022
41,195
2,120
43,315
At 31 December 2021
35,424
2,586
38,010
GLASGOW FLYING CLUB LIMITED
Notes to the Accounts
for the year ended 31 December 2022
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Creditors: amounts falling due within one year
2022
2021
Loans from directors
25,350
17,513
6
Creditors: amounts falling due after more than one year
2022
2021
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Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).