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REGISTERED NUMBER: SC270816 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

G. L. C. EXPRESS LTD.

G. L. C. EXPRESS LTD. (REGISTERED NUMBER: SC270816)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G. L. C. EXPRESS LTD.

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: G Currie



SECRETARY: Mrs L Currie



REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC270816 (Scotland)



ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: Virgin Money
47 Main Street
Baillieston
Glasgow
G69 6SQ

G. L. C. EXPRESS LTD. (REGISTERED NUMBER: SC270816)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,538 6,046

CURRENT ASSETS
Debtors 5 1,262 1,330
Cash at bank 10,637 12,766
11,899 14,096
CREDITORS
Amounts falling due within one year 6 13,497 18,099
NET CURRENT LIABILITIES (1,598 ) (4,003 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,940

2,043

CREDITORS
Amounts falling due after more than one
year

7

(1,675

)

(3,679

)

PROVISIONS FOR LIABILITIES (862 ) (1,149 )
NET ASSETS/(LIABILITIES) 403 (2,785 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 301 (2,887 )
SHAREHOLDERS' FUNDS 403 (2,785 )

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

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

G. L. C. EXPRESS LTD. (REGISTERED NUMBER: SC270816)

Balance Sheet - continued
31 JULY 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 29 April 2025 and were signed by:





G Currie - Director


G. L. C. EXPRESS LTD. (REGISTERED NUMBER: SC270816)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

G. L. C. Express 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

Turnover
Turnover represents the amounts derived from the provision of services which fall within the company's ordinary activities and is stated net of the Flat Rate Vat adjustment. Revenue is recognised on provision of services.

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 - 20% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33% on a reducing balance basis

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

G. L. C. EXPRESS LTD. (REGISTERED NUMBER: SC270816)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 1,891 14,123 279 16,293
DEPRECIATION
At 1 August 2023 1,811 8,165 271 10,247
Charge for year 16 1,489 3 1,508
At 31 July 2024 1,827 9,654 274 11,755
NET BOOK VALUE
At 31 July 2024 64 4,469 5 4,538
At 31 July 2023 80 5,958 8 6,046

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,262 1,330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,000 2,000
Taxation and social security 8,572 12,800
Other creditors 2,925 3,299
13,497 18,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,675 3,679