Company Registration No. SC415179 (Scotland)
GLS (Scotland) Ltd
Unaudited accounts
for the year ended 31 January 2024
GLS (Scotland) Ltd
Unaudited accounts
Contents
GLS (Scotland) Ltd
Company Information
for the year ended 31 January 2024
Company Number
SC415179 (Scotland)
Registered Office
286 - 288 Cumbernauld Road
Glasgow
G31 2UL
Scotland
GLS (Scotland) Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
13,339
8,462
Cash at bank and in hand
3,208
2,101
Creditors: amounts falling due within one year
(2,101)
(12,560)
Net current assets
18,041
14,642
Total assets less current liabilities
31,380
23,104
Creditors: amounts falling due after more than one year
(9,730)
(13,667)
Called up share capital
100
100
Profit and loss account
21,550
9,337
Shareholders' funds
21,650
9,437
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 25 September 2024 and were signed on its behalf by
Muhammad Arif
Director
Company Registration No. SC415179
GLS (Scotland) Ltd
Notes to the Accounts
for the year ended 31 January 2024
GLS (Scotland) Ltd is a private company, limited by shares, registered in Scotland, registration number SC415179. The registered office is 286 - 288 Cumbernauld Road, Glasgow, G31 2UL, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Plant & machinery
Plant is written off over 10 years
Motor vehicles
Vehicles are written off at 25% per year
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
9,690
6,034
-
15,724
Additions
-
5,597
2,198
7,795
Disposals
-
(6,034)
-
(6,034)
At 31 January 2024
9,690
5,597
2,198
17,485
At 1 February 2023
1,228
6,034
-
7,262
Charge for the year
969
1,399
550
2,918
On disposals
-
(6,034)
-
(6,034)
At 31 January 2024
2,197
1,399
550
4,146
At 31 January 2024
7,493
4,198
1,648
13,339
At 31 January 2023
8,462
-
-
8,462
GLS (Scotland) Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,721
-
Loans from directors
-
12,180
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
63
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).