Company Registration No. SC693881 (Scotland)
AB Developments (Glasgow) Ltd
Unaudited accounts
for the year ended 31 March 2024
AB Developments (Glasgow) Ltd
Unaudited accounts
Contents
AB Developments (Glasgow) Ltd
Company Information
for the year ended 31 March 2024
Company Number
SC693881 (Scotland)
Registered Office
94 HOPE STREET
SUITE 2.11
GLASGOW
G2 6PH
SCOTLAND
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
AB Developments (Glasgow) Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
12,825
17,100
Cash at bank and in hand
6,302
7
Creditors: amounts falling due within one year
(6,395)
(16,499)
Net current liabilities
(93)
(16,492)
Total assets less current liabilities
12,732
608
Creditors: amounts falling due after more than one year
(6,344)
(9,912)
Net assets/(liabilities)
6,388
(9,304)
Called up share capital
100
100
Profit and loss account
6,288
(9,404)
Shareholders' funds
6,388
(9,304)
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 24 January 2025 and were signed on its behalf by
Allan Barbour
Director
Company Registration No. SC693881
AB Developments (Glasgow) Ltd
Notes to the Accounts
for the year ended 31 March 2024
AB Developments (Glasgow) Ltd is a private company, limited by shares, registered in Scotland, registration number SC693881. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, 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:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles
5
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,758
4,758
Other creditors
1,530
1,380
Loans from directors
107
10,361
AB Developments (Glasgow) Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,344
9,912
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).