1 January 2022 false No description of principal activity Taxfiler 2023.9 SC062663business:CompanyLimitedByGuarantee2022-01-012022-12-31 SC0626632021-12-31 SC0626632022-01-012022-12-31 SC062663business:AuditExemptWithAccountantsReport2022-01-012022-12-31 SC062663business:FilletedAccounts2022-01-012022-12-31 SC0626632022-12-31 SC062663business:Director12022-01-012022-12-31 SC062663business:RegisteredOffice2022-01-012022-12-31 SC0626632021-12-31 SC062663core:WithinOneYear2022-12-31 SC062663core:WithinOneYear2021-12-31 SC062663core:AfterOneYear2022-12-31 SC062663core:AfterOneYear2021-12-31 SC062663core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC062663core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 SC062663core:PreviouslyStatedAmount2022-12-31 SC062663core:PreviouslyStatedAmount2021-12-31 SC062663business:SmallEntities2022-01-012022-12-31 SC062663countries:Scotland2022-01-012022-12-31 SC062663core:FurnitureFittings2022-01-012022-12-31 SC062663core:ComputerEquipment2022-01-012022-12-31 SC062663core:PlantMachinery2021-12-31 SC062663core:FurnitureFittings2021-12-31 SC062663core:PlantMachinery2022-01-012022-12-31 SC062663core:PlantMachinery2022-12-31 SC062663core:FurnitureFittings2022-12-31 SC0626632021-01-012021-12-31 iso4217:GBP xbrli:pure
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
Page
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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
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GLASGOW FLYING CLUB LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,315 
38,010 
Current assets
Inventories
50 
50 
Cash at bank and in hand
6,269 
43,303 
6,319 
43,353 
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 
Reserves
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
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GLASGOW FLYING CLUB LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
18%
Computer equipment
18%
4
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 
Additions
14,000 
- 
14,000 
At 31 December 2022
49,676 
2,818 
52,494 
Depreciation
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 
Net book value
At 31 December 2022
41,195 
2,120 
43,315 
At 31 December 2021
35,424 
2,586 
38,010 
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GLASGOW FLYING CLUB LIMITED Notes to the Accounts for the year ended 31 December 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
(7,662)
5,643 
Trade creditors
22,123 
- 
Other creditors
- 
16,000 
Loans from directors
25,350 
17,513 
Accruals
675 
1,470 
40,486 
40,626 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
12,071 
15,000 
7
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).
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