1 February 2022 false Taxfiler 2023.9.1 SC370857business:PrivateLimitedCompanyLtd2022-02-012023-01-31 SC3708572022-01-31 SC3708572022-02-012023-01-31 SC370857business:AuditExemptWithAccountantsReport2022-02-012023-01-31 SC370857business:FilletedAccounts2022-02-012023-01-31 SC3708572023-01-31 SC370857business:Director12022-02-012023-01-31 SC370857business:RegisteredOffice2022-02-012023-01-31 SC3708572022-01-31 SC370857core:WithinOneYear2023-01-31 SC370857core:WithinOneYear2022-01-31 SC370857core:AfterOneYear2023-01-31 SC370857core:AfterOneYear2022-01-31 SC370857core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC370857core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 SC370857core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC370857core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 SC370857core:PreviouslyStatedAmount2023-01-31 SC370857core:PreviouslyStatedAmount2022-01-31 SC370857business:SmallEntities2022-02-012023-01-31 SC370857countries:Scotland2022-02-012023-01-31 SC370857core:MotorVehicles2022-02-012023-01-31 SC370857core:MotorVehicles2022-01-31 SC370857core:MotorVehicles2023-01-31 SC3708572021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC370857 (Scotland)
Glen Vorlich Trading Co Ltd. Unaudited accounts for the year ended 31 January 2023
Glen Vorlich Trading Co Ltd. Unaudited accounts Contents
Page
- 2 -
Glen Vorlich Trading Co Ltd. Company Information for the year ended 31 January 2023
Director
Dr George Vinas
Company Number
SC370857 (Scotland)
Registered Office
231 NITHSDALE ROAD GLASGOW G41 5HA SCOTLAND
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
- 3 -
Glen Vorlich Trading Co Ltd. Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,936 
12,420 
Investments
(53,237)
(53,237)
(43,301)
(40,817)
Current assets
Debtors
12,843 
12,711 
Cash at bank and in hand
1,986 
8,747 
14,829 
21,458 
Creditors: amounts falling due within one year
3,554 
1,815 
Net current assets
18,383 
23,273 
Total assets less current liabilities
(24,918)
(17,544)
Creditors: amounts falling due after more than one year
(41,746)
(48,281)
Net liabilities
(66,664)
(65,825)
Capital and reserves
Called up share capital
99 
99 
Profit and loss account
(66,763)
(65,924)
Shareholders' funds
(66,664)
(65,825)
For the year ending 31 January 2023 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 16 October 2023 and were signed on its behalf by
Dr George Vinas Director Company Registration No. SC370857
- 4 -
Glen Vorlich Trading Co Ltd. Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Glen Vorlich Trading Co Ltd. is a private company, limited by shares, registered in Scotland, registration number SC370857. The registered office is 231 NITHSDALE ROAD, GLASGOW, G41 5HA, SCOTLAND.
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:
Motor vehicles
Reducing balance at 20%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2022
16,500 
At 31 January 2023
16,500 
Depreciation
At 1 February 2022
4,080 
Charge for the year
2,484 
At 31 January 2023
6,564 
Net book value
At 31 January 2023
9,936 
At 31 January 2022
12,420 
5
Investments
Other investments 
£ 
Valuation at 1 February 2022
(53,237)
Valuation at 31 January 2023
(53,237)
- 5 -
Glen Vorlich Trading Co Ltd. Notes to the Accounts for the year ended 31 January 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
12,843 
12,711 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
1 
Loans from directors
(4,514)
(2,776)
Accruals
960 
960 
(3,554)
(1,815)
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,745 
48,281 
Taxes and social security
1 
- 
41,746 
48,281 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -