| ALI & SONS (SOUTHSIDE) LIMITED |
| Registered number: |
SC733342 |
| Balance Sheet |
| as at 30 June 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
50,000 |
|
|
50,000 |
| Tangible assets |
4 |
|
|
307,628 |
|
|
303,038 |
|
|
|
|
357,628 |
|
|
353,038 |
|
| Current assets |
| Stocks |
|
|
29,785 |
|
|
39,490 |
| Cash at bank and in hand |
|
|
9,209 |
|
|
36,214 |
|
|
|
38,994 |
|
|
75,704 |
|
| Creditors: amounts falling due within one year |
5 |
|
(187,081) |
|
|
(211,471) |
|
| Net current liabilities |
|
|
|
(148,087) |
|
|
(135,767) |
|
| Total assets less current liabilities |
|
|
|
209,541 |
|
|
217,271 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(147,148) |
|
|
(186,132) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
- |
|
|
| Net assets |
|
|
|
62,393 |
|
|
31,139 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Share premium |
|
|
|
- |
|
|
- |
| Profit and loss account |
|
|
|
62,293 |
|
|
31,039 |
|
| Shareholders' funds |
|
|
|
62,393 |
|
|
31,139 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Muhammad Imran Waseem |
| Director |
| Approved by the board on 18 July 2025 |
|
| ALI & SONS (SOUTHSIDE) LIMITED |
| Notes to the Accounts |
| for the year ended 30 June 2025 |
|
|
| 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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost |
|
|
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 at 10% reducing balance. |
|
|
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. |
|
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
7 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 July 2024 |
50,000 |
|
Additions |
- |
|
Disposals |
- |
|
At 30 June 2025 |
50,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2024 |
- |
|
Provided during the year |
- |
|
On disposals |
- |
|
At 30 June 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2025 |
50,000 |
|
At 30 June 2024 |
50,000 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Fixtures & Fittings |
|
Equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2024 |
239,310 |
|
78,677 |
|
- |
|
317,987 |
|
Additions |
- |
|
436 |
|
11,744 |
|
12,180 |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
Disposals |
- |
|
- |
|
- |
|
- |
|
At 30 June 2025 |
239,310 |
|
79,113 |
|
11,744 |
|
330,167 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2024 |
- |
|
14,949 |
|
- |
|
14,949 |
|
Charge for the year |
- |
|
6,416 |
|
1,174 |
|
7,590 |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
On disposals |
- |
|
- |
|
- |
|
- |
|
At 30 June 2025 |
- |
|
21,365 |
|
1,174 |
|
22,539 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2025 |
239,310 |
|
57,748 |
|
10,570 |
|
307,628 |
|
At 30 June 2024 |
239,310 |
|
63,728 |
|
- |
|
303,038 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
9,126 |
|
33,295 |
|
Taxation and social security costs |
11,174 |
|
9,814 |
|
Other creditors |
166,781 |
|
168,362 |
|
|
|
|
|
|
187,081 |
|
211,471 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
147,148 |
|
166,132 |
|
Other creditors |
- |
|
20,000 |
|
|
|
|
|
|
147,148 |
|
186,132 |
|
|
|
|
|
|
|
|
|
|
|
| 23 |
Other information |
|
|
ALI & SONS (SOUTHSIDE) LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
Premier Stores |
|
273 Castlemilk Road |
|
Glasgow |
|
|
G44 4LE |