2022-09-012023-08-312023-08-31false12817502GLASGOW GAS HEATING SERVICES 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GLASGOW GAS HEATING SERVICES LTD

Registered Number
12817502
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

GLASGOW GAS HEATING SERVICES LTD
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

MACPHERSON, Ewan

Registered Address

12817502 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH

Registered Number

12817502 (England and Wales)
GLASGOW GAS HEATING SERVICES LTD
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets34,9607,440
4,9607,440
Current assets
Stocks1,7501,250
Debtors-5,349
Cash at bank and on hand266
1,7526,665
Creditors amounts falling due within one year4(15,260)(12,117)
Net current assets (liabilities)(13,508)(5,452)
Total assets less current liabilities(8,548)1,988
Provisions for liabilities(1,414)(1,414)
Net assets(9,962)574
Capital and reserves
Called up share capital22
Profit and loss account(9,964)572
Shareholders' funds(9,962)574
The financial statements were approved and authorised for issue by the Director on 28 August 2024, and are signed on its behalf by:
MACPHERSON, Ewan
Director
Registered Company No. 12817502
GLASGOW GAS HEATING SERVICES LTD
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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.
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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:
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 year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 2212,400
At 31 August 2312,400
Depreciation and impairment
At 01 September 224,960
Charge for year2,480
At 31 August 237,440
Net book value
At 31 August 234,960
At 31 August 227,440
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables3,011329
Taxation and social security10,56810,288
Other creditors181-
Accrued liabilities and deferred income1,5001,500
Total15,26012,117
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.