1 March 2022 false No description of principal activity Taxfiler 2023.10.1 SC244048business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC2440482022-02-28 SC2440482022-03-012023-02-28 SC244048business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 SC244048business:FilletedAccounts2022-03-012023-02-28 SC2440482023-02-28 SC244048business:Director12022-03-012023-02-28 SC244048business:Director22022-03-012023-02-28 SC244048business:RegisteredOffice2022-03-012023-02-28 SC2440482022-02-28 SC244048core:WithinOneYear2023-02-28 SC244048core:WithinOneYear2022-02-28 SC244048core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC244048core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC244048core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC244048core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC244048core:PreviouslyStatedAmount2023-02-28 SC244048core:PreviouslyStatedAmount2022-02-28 SC244048business:SmallEntities2022-03-012023-02-28 SC244048countries:Scotland2022-03-012023-02-28 SC244048core:ComputerEquipment2022-03-012023-02-28 SC244048core:ComputerEquipment2022-02-28 SC244048core:ComputerEquipment2023-02-28 SC2440482021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC244048 (Scotland)
The Glasgow Tax & Accountancy Centre Limited Financial Statements for the year ended 28 February 2023
The Glasgow Tax & Accountancy Centre Limited Financial Statements Contents
Page
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The Glasgow Tax & Accountancy Centre Limited Company Information for the year ended 28 February 2023
Directors
Daniel Carlin Brenda Carlin
Company Number
SC244048 (Scotland)
Registered Office
110A Maxwell Avenue Bearsden Glasgow G61 1HU
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The Glasgow Tax & Accountancy Centre Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,591 
3,591 
Current assets
Debtors
2,200 
1,799 
Cash at bank and in hand
7,688 
9,269 
9,888 
11,068 
Creditors: amounts falling due within one year
(29,766)
(32,756)
Net current liabilities
(19,878)
(21,688)
Net liabilities
(17,287)
(18,097)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(17,387)
(18,197)
Shareholders' funds
(17,287)
(18,097)
For the year ending 28 February 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 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 23 November 2023 and were signed on its behalf by
Daniel Carlin Director Company Registration No. SC244048
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The Glasgow Tax & Accountancy Centre Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
The Glasgow Tax & Accountancy Centre Limited is a private company, limited by shares, registered in Scotland, registration number SC244048. The registered office is 110A Maxwell Avenue, Bearsden, Glasgow, G61 1HU.
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:
Computer equipment
15% per annum
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
12,999 
At 28 February 2023
12,999 
Depreciation
At 1 March 2022
9,408 
Charge for the year
1,000 
At 28 February 2023
10,408 
Net book value
At 28 February 2023
2,591 
At 28 February 2022
3,591 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,200 
1,799 
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The Glasgow Tax & Accountancy Centre Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,728 
7,432 
Taxes and social security
1,928 
2,958 
Other creditors
7,500 
7,496 
Loans from directors
14,610 
14,870 
29,766 
32,756 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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