Company Registration No. SC594993 (Scotland)
Go Retail Stores Limited
Unaudited accounts
for the year ended 30 June 2023
Go Retail Stores Limited
Unaudited accounts
Contents
Go Retail Stores Limited
Company Information
for the year ended 30 June 2023
Company Number
SC594993 (Scotland)
Registered Office
107 Barrie Road
Hillington
Glasgow
G52 4PX
Scotland
Accountants
The Accounting Crew Scotland Limited
Certified Public Accountants
8 Benview Road
Glasgow
G76 7PP
Go Retail Stores Limited
Statement of financial position
as at 30 June 2023
Tangible assets
36,533
8,169
Inventories
262,885
233,621
Cash at bank and in hand
118,701
169,470
Creditors: amounts falling due within one year
(138,786)
(156,892)
Net current assets
245,800
262,699
Net assets
282,333
270,868
Called up share capital
1
1
Profit and loss account
282,332
270,867
Shareholders' funds
282,333
270,868
For the year ending 30 June 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 14 March 2024 and were signed on its behalf by
G C O'Boyle
Director
Company Registration No. SC594993
Go Retail Stores Limited
Notes to the Accounts
for the year ended 30 June 2023
Go Retail Stores Limited is a private company, limited by shares, registered in Scotland, registration number SC594993. The registered office is 107 Barrie Road, Hillington, Glasgow, G52 4PX, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
15% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
-
9,611
9,611
Additions
24,445
13,242
37,687
At 30 June 2023
24,445
22,853
47,298
At 1 July 2022
-
1,442
1,442
Charge for the year
6,111
3,212
9,323
At 30 June 2023
6,111
4,654
10,765
At 30 June 2023
18,334
18,199
36,533
At 30 June 2022
-
8,169
8,169
Amounts falling due within one year
Other debtors
3,000
16,500
Go Retail Stores Limited
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
20,342
-
Trade creditors
27,169
34,251
Taxes and social security
58,526
67,164
Loans from directors
41
595
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).