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REGISTERED NUMBER: SC640707 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

O SOLE MIO (GLASGOW) LTD

O SOLE MIO (GLASGOW) LTD (REGISTERED NUMBER: SC640707)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O SOLE MIO (GLASGOW) LTD

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: D Benouari





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





REGISTERED NUMBER: SC640707 (Scotland)





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

O SOLE MIO (GLASGOW) LTD (REGISTERED NUMBER: SC640707)

Balance Sheet
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,495 4,659

CURRENT ASSETS
Debtors 5 3,471 2,221
Cash at bank and in hand 164,285 143,878
167,756 146,099
CREDITORS
Amounts falling due within one year 6 103,978 118,972
NET CURRENT ASSETS 63,778 27,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,273

31,786

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,173 31,686
SHAREHOLDERS' FUNDS 68,273 31,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

O SOLE MIO (GLASGOW) LTD (REGISTERED NUMBER: SC640707)

Balance Sheet - continued
30 SEPTEMBER 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 4 December 2024 and were signed by:





D Benouari - Director


O SOLE MIO (GLASGOW) LTD (REGISTERED NUMBER: SC640707)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

O Sole Mio (Glasgow) 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.
Plant and machinery - 25% on a reducing balance basis
Computer equipment - 33% on a straight line 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 16 (2023 - 15 ) .

O SOLE MIO (GLASGOW) LTD (REGISTERED NUMBER: SC640707)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023 5,185 - 5,185
Additions 793 200 993
At 30 September 2024 5,978 200 6,178
DEPRECIATION
At 1 October 2023 526 - 526
Charge for year 1,090 67 1,157
At 30 September 2024 1,616 67 1,683
NET BOOK VALUE
At 30 September 2024 4,362 133 4,495
At 30 September 2023 4,659 - 4,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,471 2,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,662 12,455
Taxation and social security 25,567 25,352
Other creditors 62,749 81,165
103,978 118,972