IRIS Accounts Production v25.1.3.33 SC385445 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3854452023-09-30SC3854452024-09-30SC3854452023-10-012024-09-30SC3854452022-09-30SC3854452022-10-012023-09-30SC3854452023-09-30SC385445ns15:Scotland2023-10-012024-09-30SC385445ns14:PoundSterling2023-10-012024-09-30SC385445ns10:Director12023-10-012024-09-30SC385445ns10:PrivateLimitedCompanyLtd2023-10-012024-09-30SC385445ns10:SmallEntities2023-10-012024-09-30SC385445ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-30SC385445ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30SC385445ns10:FullAccounts2023-10-012024-09-30SC38544512023-10-012024-09-30SC385445ns10:OrdinaryShareClass12023-10-012024-09-30SC385445ns10:Director22023-10-012024-09-30SC385445ns10:RegisteredOffice2023-10-012024-09-30SC385445ns5:CurrentFinancialInstruments2024-09-30SC385445ns5:CurrentFinancialInstruments2023-09-30SC385445ns5:Non-currentFinancialInstruments2024-09-30SC385445ns5:Non-currentFinancialInstruments2023-09-30SC385445ns5:ShareCapital2024-09-30SC385445ns5:ShareCapital2023-09-30SC385445ns5:RetainedEarningsAccumulatedLosses2024-09-30SC385445ns5:RetainedEarningsAccumulatedLosses2023-09-30SC385445ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30SC385445ns5:PatentsTrademarksLicencesConcessionsSimilar2023-10-012024-09-30SC385445ns5:LeaseholdImprovements2023-10-012024-09-30SC385445ns5:FurnitureFittings2023-10-012024-09-30SC385445ns5:MotorVehicles2023-10-012024-09-30SC385445ns5:ComputerEquipment2023-10-012024-09-30SC385445ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-30SC385445ns5:PatentsTrademarksLicencesConcessionsSimilar2024-09-30SC385445ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-30SC385445ns5:LeaseholdImprovements2023-09-30SC385445ns5:FurnitureFittings2023-09-30SC385445ns5:MotorVehicles2023-09-30SC385445ns5:ComputerEquipment2023-09-30SC385445ns5:LeaseholdImprovements2024-09-30SC385445ns5:FurnitureFittings2024-09-30SC385445ns5:MotorVehicles2024-09-30SC385445ns5:ComputerEquipment2024-09-30SC385445ns5:LeaseholdImprovements2023-09-30SC385445ns5:FurnitureFittings2023-09-30SC385445ns5:MotorVehicles2023-09-30SC385445ns5:ComputerEquipment2023-09-30SC385445ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-30SC385445ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-30SC385445ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: SC385445 (Scotland)















Financial Statements

for the Year Ended 30 September 2024

for

Reeta Fashions (Glasgow) Limited

Reeta Fashions (Glasgow) Limited (Registered number: SC385445)






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


Reeta Fashions (Glasgow) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S M Lang
S S Lang





REGISTERED OFFICE: 179 Gallowgate
Glasgow
G1 5ED





REGISTERED NUMBER: SC385445 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Reeta Fashions (Glasgow) Limited (Registered number: SC385445)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 147 147
Tangible assets 5 26,251 29,993
26,398 30,140

CURRENT ASSETS
Stocks 174,958 235,559
Debtors 6 2,112 2,112
Prepayments and accrued income - 8,639
Cash at bank and in hand 60,825 51,576
237,895 297,886
CREDITORS
Amounts falling due within one year 7 48,259 59,200
NET CURRENT ASSETS 189,636 238,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,034

268,826

CREDITORS
Amounts falling due after more than one year 8 22,500 32,500
NET ASSETS 193,534 236,326

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 193,434 236,226
SHAREHOLDERS' FUNDS 193,534 236,326

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 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.

Reeta Fashions (Glasgow) Limited (Registered number: SC385445)

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 Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





S M Lang - Director


Reeta Fashions (Glasgow) Limited (Registered number: SC385445)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Reeta Fashions (Glasgow) 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Formation Expenses are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Reeta Fashions (Glasgow) Limited (Registered number: SC385445)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Formation
Expenses
£   
COST
At 1 October 2023
and 30 September 2024 147
NET BOOK VALUE
At 30 September 2024 147
At 30 September 2023 147

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 38,099 23,224 13,000 2,554 76,877
Additions 3,000 - - - 3,000
At 30 September 2024 41,099 23,224 13,000 2,554 79,877
DEPRECIATION
At 1 October 2023 14,524 19,691 11,698 971 46,884
Charge for year 5,315 706 326 395 6,742
At 30 September 2024 19,839 20,397 12,024 1,366 53,626
NET BOOK VALUE
At 30 September 2024 21,260 2,827 976 1,188 26,251
At 30 September 2023 23,575 3,533 1,302 1,583 29,993

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Broadloch 2,112 2,112

Reeta Fashions (Glasgow) Limited (Registered number: SC385445)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Creditors & Accrued Charges 40,892 48,167
Tax - 1,281
VAT 7,367 9,752
48,259 59,200

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans - 2-5 years 22,500 32,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100