1 October 2023 false No description of principal activity Taxfiler 2024.6 SC487375business:PrivateLimitedCompanyLtd2023-10-012024-09-30 SC4873752023-09-30 SC4873752023-10-012024-09-30 SC487375business:AuditExemptWithAccountantsReport2023-10-012024-09-30 SC487375business:FilletedAccounts2023-10-012024-09-30 SC4873752024-09-30 SC487375business:Director12023-10-012024-09-30 SC487375business:RegisteredOffice2023-10-012024-09-30 SC4873752023-09-30 SC487375core:WithinOneYear2024-09-30 SC487375core:WithinOneYear2023-09-30 SC487375core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 SC487375core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC487375core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 SC487375core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC487375core:PreviouslyStatedAmount2024-09-30 SC487375core:PreviouslyStatedAmount2023-09-30 SC487375business:SmallEntities2023-10-012024-09-30 SC487375countries:Scotland2023-10-012024-09-30 SC487375core:FurnitureFittings2023-10-012024-09-30 SC487375core:ComputerEquipment2023-10-012024-09-30 SC487375core:FurnitureFittings2023-09-30 SC487375core:ComputerEquipment2023-09-30 SC487375core:FurnitureFittings2024-09-30 SC487375core:ComputerEquipment2024-09-30 SC4873752022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC487375 (Scotland)
Glasgow Wealth Limited Unaudited accounts for the year ended 30 September 2024
Glasgow Wealth Limited Unaudited accounts Contents
Page
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Glasgow Wealth Limited Company Information for the year ended 30 September 2024
Director
M Garvey
Company Number
SC487375 (Scotland)
Registered Office
Fifth Floor, Merchants House 30 George Square Glasgow G2 1EG
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Glasgow Wealth Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,452 
9,801 
Current assets
Debtors
17,609 
12,844 
Cash at bank and in hand
108,357 
84,588 
125,966 
97,432 
Creditors: amounts falling due within one year
(61,403)
(44,179)
Net current assets
64,563 
53,253 
Net assets
72,015 
63,054 
Capital and reserves
Called up share capital
103 
103 
Profit and loss account
71,912 
62,951 
Shareholders' funds
72,015 
63,054 
For the year ending 30 September 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 12 May 2025 and were signed on its behalf by
M Garvey Director Company Registration No. SC487375
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Glasgow Wealth Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Glasgow Wealth Limited is a private company, limited by shares, registered in Scotland, registration number SC487375. The registered office is Fifth Floor, Merchants House, 30 George Square, Glasgow, G2 1EG.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are prepared in £ sterling.
Turnover
Turnover represents the value of services provided to customers, net of value added tax.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
20,897 
20,428 
41,325 
Additions
- 
623 
623 
At 30 September 2024
20,897 
21,051 
41,948 
Depreciation
At 1 October 2023
15,055 
16,469 
31,524 
Charge for the year
1,460 
1,512 
2,972 
At 30 September 2024
16,515 
17,981 
34,496 
Net book value
At 30 September 2024
4,382 
3,070 
7,452 
At 30 September 2023
5,842 
3,959 
9,801 
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Glasgow Wealth Limited Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
15,117 
10,352 
Other debtors
2,492 
2,492 
17,609 
12,844 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
59,083 
41,859 
Other creditors
75 
75 
Loans from directors
745 
745 
Accruals
1,500 
1,500 
61,403 
44,179 
7
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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