Company Registration No. SC690672 (Scotland)
Stanford Commercial Glasgow Limited
Unaudited accounts
for the year ended 31 March 2024
Stanford Commercial Glasgow Limited
Unaudited accounts
Contents
Stanford Commercial Glasgow Limited
Company Information
for the year ended 31 March 2024
Director
Mr Richard Citrin
Company Number
SC690672 (Scotland)
Registered Office
C/O ACCURACY ACCOUNTING HAMILTON ACCIES
NEW DOUGLAS PARK, CADZOW AVENUE
HAMILTON
ML3 0FT
SCOTLAND
Stanford Commercial Glasgow Limited
Statement of financial position
as at 31 March 2024
Tangible assets
964,797
964,797
Cash at bank and in hand
891
2,072
Creditors: amounts falling due within one year
(42,318)
(22,114)
Net current liabilities
(924)
(20,042)
Total assets less current liabilities
963,873
944,755
Creditors: amounts falling due after more than one year
(730,109)
(698,696)
Net assets
233,764
246,059
Called up share capital
1
1
Revaluation reserve
262,975
262,975
Profit and loss account
(29,212)
(16,917)
Shareholders' funds
233,764
246,059
For the year ending 31 March 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 7 February 2025 and were signed on its behalf by
Mr Richard Citrin
Director
Company Registration No. SC690672
Stanford Commercial Glasgow Limited
Notes to the Accounts
for the year ended 31 March 2024
Stanford Commercial Glasgow Limited is a private company, limited by shares, registered in Scotland, registration number SC690672. The registered office is C/O ACCURACY ACCOUNTING HAMILTON ACCIES , NEW DOUGLAS PARK, CADZOW AVENUE, HAMILTON, ML3 0FT, 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.
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:
Land & buildings
Depreciated over 50 years straight line method
Plant & machinery
Depreciated over 4 years straight line method
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
950,000
52,123
1,002,123
At 31 March 2024
950,000
52,123
1,002,123
At 1 April 2023
19,000
18,326
37,326
At 31 March 2024
19,000
18,326
37,326
At 31 March 2024
931,000
33,797
964,797
At 31 March 2023
931,000
33,797
964,797
Amounts falling due within one year
Stanford Commercial Glasgow Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
28,813
2,114
Taxes and social security
2,114
-
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
558,272
552,160
Other creditors
171,837
146,536
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).