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REGISTERED NUMBER: SC191980 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

West Coast (Glasgow) Limited

West Coast (Glasgow) Limited (Registered number: SC191980)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


West Coast (Glasgow) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: David G Hackshall
Donald C Rutherford





REGISTERED OFFICE: 8 Mossland Drive
Hillington Park
Glasgow
G52 4FA





REGISTERED NUMBER: SC191980 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

West Coast (Glasgow) Limited (Registered number: SC191980)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,545,259 2,609,743

CURRENT ASSETS
Debtors 5 2,980,527 2,582,832
Cash at bank 1,263 -
2,981,790 2,582,832
CREDITORS
Amounts falling due within one year 6 2,190,578 1,758,841
NET CURRENT ASSETS 791,212 823,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,336,471

3,433,734

CREDITORS
Amounts falling due after more than one
year

7

(1,771,385

)

(1,797,662

)

PROVISIONS FOR LIABILITIES 9 (34,871 ) (60,825 )
NET ASSETS 1,530,215 1,575,247

CAPITAL AND RESERVES
Called up share capital 10 675,000 675,000
Share premium 40,000 40,000
Retained earnings 815,215 860,247
SHAREHOLDERS' FUNDS 1,530,215 1,575,247

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

West Coast (Glasgow) Limited (Registered number: SC191980)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





David G Hackshall - Director


West Coast (Glasgow) Limited (Registered number: SC191980)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

West Coast (Glasgow) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 20% on reducing balance and 10% on cost
Fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


West Coast (Glasgow) Limited (Registered number: SC191980)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 52 ) .

West Coast (Glasgow) Limited (Registered number: SC191980)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fittings
Heritable Plant and and
property machinery equipment
£    £    £   
COST
At 1 February 2023 2,299,447 706,434 421,268
Additions - 500 -
Disposals - (595 ) -
At 31 January 2024 2,299,447 706,339 421,268
DEPRECIATION
At 1 February 2023 - 483,128 349,881
Charge for year - 44,762 17,847
Eliminated on disposal - (595 ) -
At 31 January 2024 - 527,295 367,728
NET BOOK VALUE
At 31 January 2024 2,299,447 179,044 53,540
At 31 January 2023 2,299,447 223,306 71,387

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 60,415 105,556 3,593,120
Additions - 3,545 4,045
Disposals - - (595 )
At 31 January 2024 60,415 109,101 3,596,570
DEPRECIATION
At 1 February 2023 55,427 94,941 983,377
Charge for year 1,247 4,673 68,529
Eliminated on disposal - - (595 )
At 31 January 2024 56,674 99,614 1,051,311
NET BOOK VALUE
At 31 January 2024 3,741 9,487 2,545,259
At 31 January 2023 4,988 10,615 2,609,743

West Coast (Glasgow) Limited (Registered number: SC191980)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,431 -
Amounts owed by participating interests 2,891,005 2,582,832
Other debtors 14,091 -
2,980,527 2,582,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 755,984 582,876
Hire purchase contracts 243,761 21,132
Trade creditors 923,309 1,106,140
Taxation and social security 233,503 48,693
Other creditors 34,021 -
2,190,578 1,758,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,771,385 1,797,662

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,771,385 1,797,662

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 34,871 60,825

Deferred
tax
£   
Balance at 1 February 2023 60,825
Provided during year (25,954 )
Balance at 31 January 2024 34,871

West Coast (Glasgow) Limited (Registered number: SC191980)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200,000 Ordinary 1 200,000 200,000
475,000 Preference 1 475,000 475,000
675,000 675,000