1 January 2024 false No description of principal activity Taxfiler 2024.6 SC438944business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC4389442023-12-31 SC4389442024-01-012024-12-31 SC438944business:AuditExemptWithAccountantsReport2024-01-012024-12-31 SC438944business:FilletedAccounts2024-01-012024-12-31 SC4389442024-12-31 SC438944business:Director12024-01-012024-12-31 SC438944business:Director22024-01-012024-12-31 SC438944business:RegisteredOffice2024-01-012024-12-31 SC4389442023-12-31 SC438944core:WithinOneYear2024-12-31 SC438944core:WithinOneYear2023-12-31 SC438944core:AfterOneYear2024-12-31 SC438944core:AfterOneYear2023-12-31 SC438944core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC438944core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC438944core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC438944core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC438944core:PreviouslyStatedAmount2024-12-31 SC438944core:PreviouslyStatedAmount2023-12-31 SC438944business:SmallEntities2024-01-012024-12-31 SC438944countries:Scotland2024-01-012024-12-31 SC438944core:PlantMachinery2023-12-31 SC438944core:MotorVehicles2023-12-31 SC438944core:FurnitureFittings2023-12-31 SC438944core:ComputerEquipment2023-12-31 SC438944core:PlantMachinery2024-01-012024-12-31 SC438944core:MotorVehicles2024-01-012024-12-31 SC438944core:FurnitureFittings2024-01-012024-12-31 SC438944core:ComputerEquipment2024-01-012024-12-31 SC438944core:PlantMachinery2024-12-31 SC438944core:MotorVehicles2024-12-31 SC438944core:FurnitureFittings2024-12-31 SC438944core:ComputerEquipment2024-12-31 SC4389442023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC438944 (Scotland)
GLASGOW SEALANTS LTD Unaudited accounts for the year ended 31 December 2024
GLASGOW SEALANTS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GLASGOW SEALANTS LTD Company Information for the year ended 31 December 2024
Directors
Frank Kerr Stuart Richford
Company Number
SC438944 (Scotland)
Registered Office
WILLIAMFIELD COTTAGE WESTER SHIELDHALL FALKIRK FK1 3AT
Accountants
McCreath Accountancy Phoenix House Phoenix Business Park Paisley Renfrewshire PA1 2BH
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GLASGOW SEALANTS LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
74,942 
83,631 
Current assets
Inventories
23,201 
24,860 
Debtors
5
83,021 
37,133 
Cash at bank and in hand
72,270 
54,917 
178,492 
116,910 
Creditors: amounts falling due within one year
6
(33,791)
(28,725)
Net current assets
144,701 
88,185 
Total assets less current liabilities
219,643 
171,816 
Creditors: amounts falling due after more than one year
7
(110,702)
(105,922)
Net assets
108,941 
65,894 
Capital and reserves
Called up share capital
160 
160 
Profit and loss account
108,781 
65,734 
Shareholders' funds
108,941 
65,894 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by
Stuart Richford Director Company Registration No. SC438944
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GLASGOW SEALANTS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
GLASGOW SEALANTS LTD is a private company, limited by shares, registered in Scotland, registration number SC438944. The registered office is WILLIAMFIELD COTTAGE, WESTER SHIELDHALL, FALKIRK, FK1 3AT.
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 as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
60,498 
167,679 
9,753 
345 
238,275 
Additions
- 
40,350 
- 
3,651 
44,001 
Disposals
- 
(27,039)
- 
- 
(27,039)
At 31 December 2024
60,498 
180,990 
9,753 
3,996 
255,237 
Depreciation
At 1 January 2024
34,976 
111,446 
8,222 
- 
154,644 
Charge for the year
8,508 
28,832 
511 
1,319 
39,170 
On disposals
- 
(13,519)
- 
- 
(13,519)
At 31 December 2024
43,484 
126,759 
8,733 
1,319 
180,295 
Net book value
At 31 December 2024
17,014 
54,231 
1,020 
2,677 
74,942 
At 31 December 2023
25,522 
56,233 
1,531 
345 
83,631 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
46,734 
- 
Amounts falling due after more than one year
Trade debtors
36,287 
21,144 
Other debtors
- 
15,989 
36,287 
37,133 
- 5 -
GLASGOW SEALANTS LTD Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
22,105 
- 
Taxes and social security
11,686 
21,612 
Other creditors
- 
7,113 
33,791 
28,725 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,297 
27,057 
Obligations under finance leases and hire purchase contracts
54,077 
61,944 
Other creditors
40,328 
16,921 
110,702 
105,922 
8
Average number of employees
During the year the average number of employees was 9 (2023: 10).
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