Registered number
SC390120
The Glasgow Car Detailing Garage Ltd
Filleted Accounts
31 December 2024
The Glasgow Car Detailing Garage Ltd
Registered number: SC390120
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 63,644 22,410
Current assets
Stocks 386,115 245,550
Debtors 4 28,482 38,674
Cash at bank and in hand 232,448 194,742
647,045 478,966
Creditors: amounts falling due within one year 5 (532,040) (327,099)
Net current assets 115,005 151,867
Total assets less current liabilities 178,649 174,277
Creditors: amounts falling due after more than one year 6 (174,071) (162,289)
Net assets 4,578 11,988
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,478 11,888
Shareholders' funds 4,578 11,988
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Harmeet Singh
Director
Approved by the board on 11 July 2025
The Glasgow Car Detailing Garage Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicle 10% reducing bases
Fixtures, fittings, tools and equipment 10%reducing bases
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Fixture and fittings Motor vehicle Total
£ £ £
Cost
At 1 January 2024 41,042 - 41,042
Additions 8,532 39,773 48,305
At 31 December 2024 49,574 39,773 89,347
Depreciation
At 1 January 2024 18,632 - 18,632
Charge for the year 3,094 3,977 7,071
At 31 December 2024 21,726 3,977 25,703
Net book value
At 31 December 2024 27,848 35,796 63,644
At 31 December 2023 22,410 - 22,410
4 Debtors 2024 2023
£ £
Spectrum Properties Scotland Ltd 1,750 1,750
Sealed Air Limited 1,612 1,307
Other debtors 25,120 35,617
28,482 38,674
5 Creditors: amounts falling due within one year 2024 2023
£ £
Pension contribution 1,877 2,824
Trade creditors 510,058 316,642
Taxation and social security costs 20,105 7,633
532,040 327,099
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 174,071 162,289
The Glasgow Car Detailing Garage Ltd SC390120 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Mr Harmeet Singh No description of principal activity SC390120 2023-01-01 2023-12-31 SC390120 core:WithinOneYear 2023-12-31 SC390120 core:AfterOneYear 2023-12-31 SC390120 core:ShareCapital 2023-12-31 SC390120 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC390120 2024-01-01 2024-12-31 SC390120 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC390120 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC390120 bus:Director40 2024-01-01 2024-12-31 SC390120 1 2024-01-01 2024-12-31 SC390120 2 2024-01-01 2024-12-31 SC390120 core:PlantMachinery 2024-01-01 2024-12-31 SC390120 core:Vehicles 2024-01-01 2024-12-31 SC390120 bus:FRS102 2024-01-01 2024-12-31 SC390120 bus:FilletedAccounts 2024-01-01 2024-12-31 SC390120 2024-12-31 SC390120 core:WithinOneYear 2024-12-31 SC390120 core:AfterOneYear 2024-12-31 SC390120 core:ShareCapital 2024-12-31 SC390120 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC390120 core:PlantMachinery 2024-12-31 SC390120 core:Vehicles 2024-12-31 SC390120 2023-12-31 SC390120 core:PlantMachinery 2023-12-31 SC390120 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure