IRIS Accounts Productionv24.2.0.383SC418571Board of Directors1.4.2331.3.2431.3.2400falsetruefalsefalsetruefalseA Ordinary1.00000B Ordinary1.00000C Ordinary1.00000D Ordinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4185712023-03-31SC4185712024-03-31SC4185712023-04-012024-03-31SC4185712022-03-31SC4185712022-04-012023-03-31SC4185712023-03-31SC418571ns15:Scotland2023-04-012024-03-31SC418571ns14:PoundSterling2023-04-012024-03-31SC418571ns10:Director12023-04-012024-03-31SC418571ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC418571ns10:SmallEntities2023-04-012024-03-31SC418571ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC418571ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC418571ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC418571ns10:FullAccounts2023-04-012024-03-31SC418571ns10:OrdinaryShareClass12023-04-012024-03-31SC418571ns10:OrdinaryShareClass22023-04-012024-03-31SC418571ns10:OrdinaryShareClass32023-04-012024-03-31SC418571ns10:OrdinaryShareClass42023-04-012024-03-31SC418571ns10:Director22023-04-012024-03-31SC418571ns10:CompanySecretary12023-04-012024-03-31SC418571ns10:RegisteredOffice2023-04-012024-03-31SC418571ns5:CurrentFinancialInstruments2024-03-31SC418571ns5:CurrentFinancialInstruments2023-03-31SC418571ns5:ShareCapital2024-03-31SC418571ns5:ShareCapital2023-03-31SC418571ns5:RetainedEarningsAccumulatedLosses2024-03-31SC418571ns5:RetainedEarningsAccumulatedLosses2023-03-31SC418571ns5:PlantMachinery2023-04-012024-03-31SC418571ns5:PlantMachinery2024-03-31SC418571ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC418571ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC418571ns10:OrdinaryShareClass12024-03-31SC418571ns10:OrdinaryShareClass22024-03-31SC418571ns10:OrdinaryShareClass32024-03-31SC418571ns10:OrdinaryShareClass42024-03-31SC418571ns5:RetainedEarningsAccumulatedLosses2023-03-31SC418571ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31SC4185711ns10:Director12023-03-31SC4185711ns10:Director12022-03-31SC4185711ns10:Director12023-04-012024-03-31SC4185711ns10:Director12022-04-012023-03-31SC4185711ns10:Director12024-03-31SC4185711ns10:Director12023-03-31SC418571ns10:Director222023-03-31SC418571ns10:Director222022-03-31SC418571ns10:Director222023-04-012024-03-31SC418571ns10:Director222022-04-012023-03-31SC418571ns10:Director222024-03-31SC418571ns10:Director222023-03-31
















Unaudited Financial Statements for the Year Ended 31 March 2024

for


Glassal Ltd



Glassal Ltd (Registered number: SC418571)








Contents of the Financial Statements

for the Year Ended 31 March 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3





Glassal Ltd



Company Information

for the Year Ended 31 March 2024









DIRECTORS:

S Douglas


D Cation







SECRETARY:








REGISTERED OFFICE:

35 Abbey Road


Stirling


FK8 1LJ







REGISTERED NUMBER:

SC418571 (Scotland)







ACCOUNTANTS:

LMC Accountants Ltd


Chartered Accountants


73 Stirling Business Centre


Wellgreen Place


Stirling


FK8 2DZ



Glassal Ltd (Registered number: SC418571)



Balance Sheet

31 March 2024



31.3.24

31.3.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

2,088


-




CURRENT ASSETS

Debtors

5

91,748


201,739



Cash at bank

138,290


153,081



230,038


354,820



CREDITORS

Amounts falling due within one year

6

51,058


47,042



NET CURRENT ASSETS

178,980


307,778



TOTAL ASSETS LESS CURRENT

LIABILITIES

181,068


307,778




CAPITAL AND RESERVES

Called up share capital

7

20


20



Retained earnings

8

181,048


307,758



SHAREHOLDERS' FUNDS

181,068


307,778




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their 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.

The financial statements have been prepared in accordance with  and delivered in accordance with the special provisions applicable to small 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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:






S Douglas - Director




Glassal Ltd (Registered number: SC418571)



Notes to the Financial Statements

for the Year Ended 31 March 2024


1.

STATUTORY INFORMATION



Glassal Ltd 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.  



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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was NIL (2023 - NIL).



Glassal Ltd (Registered number: SC418571)



Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


Additions

2,784




At 31 March 2024

2,784




DEPRECIATION


Charge for year

696




At 31 March 2024

696




NET BOOK VALUE


At 31 March 2024

2,088




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Trade debtors

91,748


76,117




Other debtors

-


125,622



91,748


201,739




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Taxation and social security

48,160


45,068




Other creditors

2,898


1,974



51,058


47,042




7.

CALLED UP SHARE CAPITAL



Allotted and issued:


Number:

Class:

Nominal

31.3.24


31.3.23


value:

£   

£   



7

Share capital 1

£1

20


20




7

Share capital 2

£1

-


-




3

Share capital 3

£1

-


-




3

Share capital 4

£1

-


-



20


20





Glassal Ltd (Registered number: SC418571)



Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


8.

RESERVES


Retained


earnings

£   




At 1 April 2023

307,758




At 31 March 2024

181,048




9.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:



31.3.24


31.3.23

£   

£   



S Douglas


Balance outstanding at start of year

61,193


-




Amounts advanced

(62,025

)

61,193




Amounts repaid

-


-




Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

(832

)

61,193





D Cation


Balance outstanding at start of year

62,267


-




Amounts advanced

(62,274

)

62,267




Amounts repaid

-


-




Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

(7

)

62,267