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DXB-GLA LTD

Registered Number
SC588988
(Scotland)

Unaudited Financial Statements for the Period ended
28 February 2024

DXB-GLA LTD
Company Information
for the period from 1 March 2023 to 28 February 2024

Director

BELJAFLAH, Jason Sultan

Registered Address

Mccreath Accountancy Lomand House, 4 South Street
Inchinnan
Renfrew
PA4 9RJ

Registered Number

SC588988 (Scotland)
DXB-GLA LTD
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3663,315536,160
663,315536,160
Current assets
Debtors31,339-
Cash at bank and on hand73,39945,517
104,73845,517
Creditors amounts falling due within one year4(668,129)(591,805)
Net current assets (liabilities)(563,391)(546,288)
Total assets less current liabilities99,924(10,128)
Creditors amounts falling due after one year5(117,493)(46,112)
Net assets(17,569)(56,240)
Capital and reserves
Called up share capital11
Profit and loss account(17,570)(56,241)
Shareholders' funds(17,569)(56,240)
The financial statements were approved and authorised for issue by the Director on 27 November 2024, and are signed on its behalf by:
BELJAFLAH, Jason Sultan
Director
Registered Company No. SC588988
DXB-GLA LTD
Notes to the Financial Statements
for the period ended 28 February 2024

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.
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.
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:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 March 23536,160-536,160
Additions100,00027,499127,499
At 28 February 24636,16027,499663,659
Depreciation and impairment
Charge for year-344344
At 28 February 24-344344
Net book value
At 28 February 24636,16027,155663,315
At 28 February 23536,160-536,160
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables20,00020,000
Bank borrowings and overdrafts645,388570,746
Taxation and social security-1,059
Other creditors2,741-
Total668,129591,805
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.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts117,49346,112
Total117,49346,112