Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC712512 Mr Abdullah Ali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC712512 2023-10-31 SC712512 2024-10-31 SC712512 2023-11-01 2024-10-31 SC712512 frs-core:CurrentFinancialInstruments 2024-10-31 SC712512 frs-core:FurnitureFittings 2024-10-31 SC712512 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC712512 frs-core:FurnitureFittings 2023-10-31 SC712512 frs-core:PlantMachinery 2024-10-31 SC712512 frs-core:PlantMachinery 2023-11-01 2024-10-31 SC712512 frs-core:PlantMachinery 2023-10-31 SC712512 frs-core:ShareCapital 2024-10-31 SC712512 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC712512 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC712512 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC712512 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC712512 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC712512 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC712512 frs-bus:Director1 2023-11-01 2024-10-31 SC712512 frs-countries:Scotland 2023-11-01 2024-10-31 SC712512 2022-10-31 SC712512 2023-10-31 SC712512 2022-11-01 2023-10-31 SC712512 frs-core:CurrentFinancialInstruments 2023-10-31 SC712512 frs-core:ShareCapital 2023-10-31 SC712512 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC712512
Three Brothers Gla Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC712512
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,684 28,963
29,684 28,963
CURRENT ASSETS
Stocks 5 4,050 4,200
Debtors 6 730 1,805
Cash at bank and in hand 1,901 5,081
6,681 11,086
Creditors: Amounts Falling Due Within One Year 7 (26,913 ) (35,294 )
NET CURRENT ASSETS (LIABILITIES) (20,232 ) (24,208 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,452 4,755
NET ASSETS 9,452 4,755
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 9,352 4,655
SHAREHOLDERS' FUNDS 9,452 4,755
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Abdullah Ali
Director
24/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Three Brothers Gla Limited is a private company, limited by shares, incorporated in Scotland, registered number SC712512 . The registered office is 266 Woodlands Road, Glasgow, G3 6NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20.0% - reducing balance method
Fixtures & Fittings 20.0% - reducing balance method
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 24,786 17,645 42,431
Additions - 9,821 9,821
As at 31 October 2024 24,786 27,466 52,252
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 November 2023 6,753 6,715 13,468
Provided during the period 3,607 5,493 9,100
As at 31 October 2024 10,360 12,208 22,568
Net Book Value
As at 31 October 2024 14,426 15,258 29,684
As at 1 November 2023 18,033 10,930 28,963
5. Stocks
2024 2023
£ £
Materials 4,050 4,200
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 730 1,805
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 621 10
VAT 3,118 3,564
Accruals and deferred income 1,467 1,467
Director's loan account 21,707 30,253
26,913 35,294
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3