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REGISTERED NUMBER: SC593973 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SCOTGLASS (HOLDINGS) LIMITED

SCOTGLASS (HOLDINGS) LIMITED (REGISTERED NUMBER: SC593973)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


SCOTGLASS (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr G Davidson
Mrs D Young
Mr J P Young
Mr J P Young





SECRETARY: LC Secretaries Limited





REGISTERED OFFICE: Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA





REGISTERED NUMBER: SC593973 (Scotland)





ACCOUNTANTS: Bain Henry Reid
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

SCOTGLASS (HOLDINGS) LIMITED (REGISTERED NUMBER: SC593973)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 80,000 80,000

CURRENT ASSETS
Debtors 5 - 28,989
Cash at bank and in hand 446 435
446 29,424
CREDITORS
Amounts falling due within one year 6 59,772 8,500
NET CURRENT (LIABILITIES)/ASSETS (59,326 ) 20,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,674

100,924

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 20,572 100,822
SHAREHOLDERS' FUNDS 20,674 100,924

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





Mrs D Young - Director


SCOTGLASS (HOLDINGS) LIMITED (REGISTERED NUMBER: SC593973)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Scotglass (Holdings) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Scotglass (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Dividends are brought to account in the profit and loss account when received.

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.

Going concern
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future, and therefore continue to adopt the going concern basis of accounting in preparing the financial statements

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

SCOTGLASS (HOLDINGS) LIMITED (REGISTERED NUMBER: SC593973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 80,000
NET BOOK VALUE
At 31 May 2024 80,000
At 31 May 2023 80,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 14,988
Other debtors - 14,001
- 28,989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 2,000 2,000
Amounts owed to group undertakings 31,466 -
Directors' loan accounts 25,743 6,000
Accruals 563 500
59,772 8,500

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits (from)/ to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mrs D Young and Mr J P Young
Balance outstanding at start of year 14,001 -
Amounts advanced - 14,001
Amounts repaid (14,300 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (299 ) 14,001

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.