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KEASIM GLASGOW LIMITED

Registered Number
SC469177
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2023

KEASIM GLASGOW LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

KEANE, Robert
KEANE, Simon Paul

Registered Address

57-59 Sauchiehall Lane
Glasgow
G2 4AB

Registered Number

SC469177 (Scotland)
KEASIM GLASGOW LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Called up share capital not paid1010
Fixed assets
Tangible assets3356,924364,987
356,924364,987
Current assets
Stocks435,70931,232
Debtors296,98951,991
Cash at bank and on hand159,115418,747
491,813501,970
Creditors amounts falling due within one year5(116,250)(145,753)
Net current assets (liabilities)375,573356,227
Total assets less current liabilities732,497721,214
Creditors amounts falling due after one year6(100,000)(105,797)
Provisions for liabilities7(25,360)(13,119)
Net assets607,137602,298
Capital and reserves
Called up share capital1010
Profit and loss account607,127602,288
Shareholders' funds607,137602,298
The financial statements were approved and authorised for issue by the Board of Directors on 16 July 2024, and are signed on its behalf by:
KEANE, Robert
Director
Registered Company No. SC469177
KEASIM GLASGOW LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings5
Fixtures and fittings5
Office Equipment3
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year4035
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 November 22368,819275,71022,791667,320
Additions-101,8253,179105,004
At 31 October 23368,819377,53525,970772,324
Depreciation and impairment
At 01 November 2272,873221,0708,390302,333
Charge for year73,76431,2118,092113,067
At 31 October 23146,637252,28116,482415,400
Net book value
At 31 October 23222,182125,2549,488356,924
At 31 October 22295,94654,64014,401364,987
4.Stocks

2023

2022

££
Finished goods35,70931,232
Total35,70931,232
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables66,40953,714
Taxation and social security47,58460,859
Other creditors1,0561,693
Accrued liabilities and deferred income1,20129,487
Total116,250145,753
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Other creditors100,000105,797
Total100,000105,797
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)25,36013,119
Total25,36013,119