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REGISTERED NUMBER: SC398824 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

FOR

SOUTH LANARKSHIRE GLAZING CO. LIMITED

SOUTH LANARKSHIRE GLAZING CO. LIMITED (REGISTERED NUMBER: SC398824)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

SOUTH LANARKSHIRE GLAZING CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTOR: A Crichton





REGISTERED OFFICE: 24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW





REGISTERED NUMBER: SC398824 (Scotland)





ACCOUNTANTS: J Gilmour Limited
Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW

SOUTH LANARKSHIRE GLAZING CO. LIMITED (REGISTERED NUMBER: SC398824)

BALANCE SHEET
31 JULY 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,070 39,600

CURRENT ASSETS
Stocks 5 90,133 71,645
Debtors 6 195,001 207,348
Cash in hand 3,136 189
288,270 279,182
CREDITORS
Amounts falling due within one year 7 158,761 212,234
NET CURRENT ASSETS 129,509 66,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,579

106,548

CREDITORS
Amounts falling due after more than one
year

8

(40,815

)

(58,849

)

PROVISIONS FOR LIABILITIES 9 (2,060 ) (3,083 )
NET ASSETS 119,704 44,616

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 119,703 44,615
SHAREHOLDERS' FUNDS 119,704 44,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SOUTH LANARKSHIRE GLAZING CO. LIMITED (REGISTERED NUMBER: SC398824)

BALANCE SHEET - continued
31 JULY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





A Crichton - Director


SOUTH LANARKSHIRE GLAZING CO. LIMITED (REGISTERED NUMBER: SC398824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022


1. STATUTORY INFORMATION

South Lanarkshire Glazing Co. Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants Improvements - 5% on reducing balance
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SOUTH LANARKSHIRE GLAZING CO. LIMITED (REGISTERED NUMBER: SC398824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Tenants Plant and and Motor
Improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2021 30,200 53,278 1,174 57,008 141,660
Additions - 2,829 - - 2,829
At 31 July 2022 30,200 56,107 1,174 57,008 144,489
DEPRECIATION
At 1 August 2021 6,832 44,790 1,173 49,265 102,060
Charge for year 1,168 5,611 - 2,580 9,359
At 31 July 2022 8,000 50,401 1,173 51,845 111,419
NET BOOK VALUE
At 31 July 2022 22,200 5,706 1 5,163 33,070
At 31 July 2021 23,368 8,488 1 7,743 39,600

5. STOCKS
31.7.22 31.7.21
£    £   
Stocks 5,335 4,810
Work-in-progress 84,798 66,835
90,133 71,645

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors 165,018 200,877
Tax 16,321 4,103
VAT 13,662 2,368
195,001 207,348

SOUTH LANARKSHIRE GLAZING CO. LIMITED (REGISTERED NUMBER: SC398824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts 44,219 45,536
Other loans 950 3,134
Trade creditors 97,403 91,823
Tax 4,780 6,897
Director's loan account 7,453 60,888
Accrued expenses 3,956 3,956
158,761 212,234

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£    £   
Bank loans - 1-2 years 13,000 13,000
Bank loans - 2-5 years 27,815 30,317
Bank loans more 5 yr by instal - 15,532
40,815 58,849

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 15,532

9. PROVISIONS FOR LIABILITIES
31.7.22 31.7.21
£    £   
Deferred tax
Accelerated capital allowances 2,060 3,083

Deferred
tax
£   
Balance at 1 August 2021 3,083
Accelerated capital allowances (1,023 )
Balance at 31 July 2022 2,060

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.7.22 31.7.21
value: £    £   
1 Ordinary £1 1 1

SOUTH LANARKSHIRE GLAZING CO. LIMITED (REGISTERED NUMBER: SC398824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


11. RESERVES
Retained
earnings
£   

At 1 August 2021 44,615
Profit for the year 75,088
At 31 July 2022 119,703

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following loan from/(to) the director subsisted during the year ended 31 July 2022:


Alexander Crichton£
Balance outstanding at start of year60,888
Balance outstanding at end of year7,453
Maximum balance outstanding during year60,888






The above balance, which is due to/(from) the director, is unsecured, interest free and has no fixed repayment terms.

SOUTH LANARKSHIRE GLAZING CO. LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
SOUTH LANARKSHIRE GLAZING CO. LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2022 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J Gilmour Limited
Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW


28 November 2023