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REGISTERED NUMBER: SC371963 (Scotland)















Financial Statements

for the Year Ended 30 April 2024

for

Glasgow Storage Ltd

Glasgow Storage Ltd (Registered number: SC371963)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glasgow Storage Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: W Roddie





REGISTERED OFFICE: Strathclyde Business Centre
120 Carstairs Road
Glasgow
G40 4JD





REGISTERED NUMBER: SC371963 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Glasgow Storage Ltd (Registered number: SC371963)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,418 115,812

CURRENT ASSETS
Debtors 5 3,521,446 3,617,010
Cash at bank and in hand 38,898 70,802
3,560,344 3,687,812
CREDITORS
Amounts falling due within one year 6 3,520,128 4,301,379
NET CURRENT ASSETS/(LIABILITIES) 40,216 (613,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,634

(497,755

)

CREDITORS
Amounts falling due after more than one
year

7

26,784

36,941
NET ASSETS/(LIABILITIES) 117,850 (534,696 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 117,849 (534,697 )
SHAREHOLDERS' FUNDS 117,850 (534,696 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Glasgow Storage Ltd (Registered number: SC371963)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





W Roddie - Director


Glasgow Storage Ltd (Registered number: SC371963)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Glasgow Storage 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.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 5 ).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 39,850 235,896 1,600 5,777 283,123
DEPRECIATION
At 1 May 2023 - 160,647 1,600 5,064 167,311
Charge for year - 11,287 - 107 11,394
At 30 April 2024 - 171,934 1,600 5,171 178,705
NET BOOK VALUE
At 30 April 2024 39,850 63,962 - 606 104,418
At 30 April 2023 39,850 75,249 - 713 115,812

Glasgow Storage Ltd (Registered number: SC371963)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 33,435 35,162
Spectrum Properties - Loan 3,297,330 3,420,167
Spectrum West Loan 190,681 155,681
Park Developments Loan - 6,000
3,521,446 3,617,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 196,395 152,932
Associated companies - 597,837
Amounts owed to group undertakings 1,014,682 -
Tax 50,309 -
Social security and other taxes 1,376 3,369
VAT 5,931 13,293
Other creditors 2,219,778 3,501,833
Directors' current accounts 15,733 16,191
Accrued expenses 15,924 15,924
3,520,128 4,301,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 26,784 36,941

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary 1 1 1