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Company Registration No. SC415179 (Scotland)
GLS (Scotland) Ltd Unaudited accounts for the year ended 31 January 2025
GLS (Scotland) Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GLS (Scotland) Ltd Company Information for the year ended 31 January 2025
Director
Muhammad Arif
Company Number
SC415179 (Scotland)
Registered Office
286 - 288 Cumbernauld Road Glasgow G31 2UL Scotland
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GLS (Scotland) Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,421
13,339
Current assets
Inventories
16,934
16,934
Cash at bank and in hand
1,910
3,208
18,844
20,142
Creditors: amounts falling due within one year
5
(1,231)
(2,101)
Net current assets
17,613
18,041
Total assets less current liabilities
28,034
31,380
Creditors: amounts falling due after more than one year
6
(5,667)
(9,730)
Net assets
22,367
21,650
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
22,267
21,550
Shareholders' funds
22,367
21,650
For the year ending 31 January 2025 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 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 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 and authorised for issue on 7 October 2025 and were signed on its behalf by
Muhammad Arif Director Company Registration No. SC415179
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GLS (Scotland) Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
GLS (Scotland) Ltd is a private company, limited by shares, registered in Scotland, registration number SC415179. The registered office is 286 - 288 Cumbernauld Road, Glasgow, G31 2UL, Scotland.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Plant & machinery
Plant is written off over 10 years
Motor vehicles
Vehicles are written off at 25% per year
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
9,690
5,597
2,198
17,485
At 31 January 2025
9,690
5,597
2,198
17,485
Depreciation
At 1 February 2024
2,197
1,399
550
4,146
Charge for the year
969
1,399
550
2,918
At 31 January 2025
3,166
2,798
1,100
7,064
Net book value
At 31 January 2025
6,524
2,799
1,098
10,421
At 31 January 2024
7,493
4,198
1,648
13,339
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GLS (Scotland) Ltd Notes to the Accounts for the year ended 31 January 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
851
1,721
Other creditors
380
380
1,231
2,101
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
5,667
9,667
Taxes and social security
-
63
5,667
9,730
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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