1 December 2021 false No description of principal activity Taxfiler 2023.10 SC646821business:PrivateLimitedCompanyLtd2021-12-012022-11-30 SC6468212021-11-30 SC6468212021-12-012022-11-30 SC646821business:AuditExempt-NoAccountantsReport2021-12-012022-11-30 SC646821business:FilletedAccounts2021-12-012022-11-30 SC6468212022-11-30 SC646821business:Director12021-12-012022-11-30 SC646821business:Director22021-12-012022-11-30 SC646821business:RegisteredOffice2021-12-012022-11-30 SC6468212021-11-30 SC646821core:WithinOneYear2022-11-30 SC646821core:WithinOneYear2021-11-30 SC646821core:AfterOneYear2022-11-30 SC646821core:AfterOneYear2021-11-30 SC646821core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 SC646821core:ShareCapitalcore:PreviouslyStatedAmount2021-11-30 SC646821core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 SC646821core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-11-30 SC646821core:PreviouslyStatedAmount2022-11-30 SC646821core:PreviouslyStatedAmount2021-11-30 SC646821business:SmallEntities2021-12-012022-11-30 SC646821countries:Scotland2021-12-012022-11-30 SC646821core:MotorVehicles2021-12-012022-11-30 SC646821core:ComputerEquipment2021-12-012022-11-30 SC646821core:MotorVehicles2021-11-30 SC646821core:ComputerEquipment2021-11-30 SC646821core:MotorVehicles2022-11-30 SC646821core:ComputerEquipment2022-11-30 SC646821core:AcceleratedTaxDepreciationDeferredTax2022-11-30 SC646821core:AcceleratedTaxDepreciationDeferredTax2021-11-30 SC646821core:TaxLossesCarry-forwardsDeferredTax2022-11-30 SC646821core:TaxLossesCarry-forwardsDeferredTax2021-11-30 SC6468212020-12-012021-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC646821 (Scotland)
Glasgow City Plumbers Ltd Unaudited accounts for the year ended 30 November 2022
Glasgow City Plumbers Ltd Unaudited accounts Contents
Page
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Glasgow City Plumbers Ltd Company Information for the year ended 30 November 2022
Directors
Mr Scott Osborne Mr David Bell
Company Number
SC646821 (Scotland)
Registered Office
FLAT G/2 29 FINLAS STREET COWLAIRS INDUSTRIAL ESTATE GLASGOW G22 5DU SCOTLAND
Accountants
Hawthorn Tax 4 Newton Place Glasgow G3 7PR
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Glasgow City Plumbers Ltd Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,426 
43,756 
Current assets
Debtors
127,130 
110,054 
Cash at bank and in hand
1,635 
1,335 
128,765 
111,389 
Creditors: amounts falling due within one year
(174,361)
(105,402)
Net current (liabilities)/assets
(45,596)
5,987 
Total assets less current liabilities
4,830 
49,743 
Creditors: amounts falling due after more than one year
(45,601)
(49,796)
Net liabilities
(40,771)
(53)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(40,871)
(153)
Shareholders' funds
(40,771)
(53)
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
Mr Scott Osborne Director Company Registration No. SC646821
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Glasgow City Plumbers Ltd Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
Glasgow City Plumbers Ltd is a private company, limited by shares, registered in Scotland, registration number SC646821. The registered office is FLAT G/2 29 FINLAS STREET, COWLAIRS INDUSTRIAL ESTATE, GLASGOW, G22 5DU, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% straight line
Computer equipment
20% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Glasgow City Plumbers Ltd Notes to the Accounts for the year ended 30 November 2022
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2021
56,359 
- 
56,359 
Additions
43,394 
283 
43,677 
Disposals
(31,763)
- 
(31,763)
At 30 November 2022
67,990 
283 
68,273 
Depreciation
At 1 December 2021
12,603 
- 
12,603 
Charge for the year
13,598 
57 
13,655 
On disposals
(8,411)
- 
(8,411)
At 30 November 2022
17,790 
57 
17,847 
Net book value
At 30 November 2022
50,200 
226 
50,426 
At 30 November 2021
43,756 
- 
43,756 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
19,901 
- 
Trade debtors
73,895 
85,619 
Deferred tax asset
5,465 
Accrued income and prepayments
114 
- 
Other debtors
27,755 
24,435 
127,130 
110,054 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
35,755 
39,957 
Obligations under finance leases and hire purchase contracts
14,854 
- 
Trade creditors
29,713 
- 
Taxes and social security
35,377 
31,923 
Other creditors
58,662 
33,522 
174,361 
105,402 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
45,601 
49,796 
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Glasgow City Plumbers Ltd Notes to the Accounts for the year ended 30 November 2022
8
Deferred taxation
2022 
2021 
£ 
£ 
Accelerated capital allowances
9,581 
- 
Tax losses carried forward
(15,046)
- 
(5,465)
- 
2022 
2021 
£ 
£ 
Credited to the profit and loss account
(5,465)
- 
Provision at end of year
(5,465)
- 
9
Average number of employees
During the year the average number of employees was 15 (2021: 6).
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