2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,423 940 3,363 2,423 940 xbrli:pure xbrli:shares iso4217:GBP SC279138 2024-02-01 2025-01-31 SC279138 2025-01-31 SC279138 2024-01-31 SC279138 2023-02-01 2024-01-31 SC279138 2024-01-31 SC279138 2023-01-31 SC279138 bus:LeadAgentIfApplicable 2024-02-01 2025-01-31 SC279138 bus:Director1 2024-02-01 2025-01-31 SC279138 core:WithinOneYear 2025-01-31 SC279138 core:WithinOneYear 2024-01-31 SC279138 core:AfterOneYear 2025-01-31 SC279138 core:AfterOneYear 2024-01-31 SC279138 core:ShareCapital 2025-01-31 SC279138 core:ShareCapital 2024-01-31 SC279138 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC279138 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC279138 bus:SmallEntities 2024-02-01 2025-01-31 SC279138 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC279138 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC279138 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC279138 bus:FullAccounts 2024-02-01 2025-01-31 SC279138 core:OfficeEquipment 2024-02-01 2025-01-31 SC279138 core:OfficeEquipment 2024-01-31 SC279138 core:OfficeEquipment 2025-01-31
COMPANY REGISTRATION NUMBER: SC279138

Scotflow (Glasgow) Limited

Filleted Unaudited Financial Statements

31 January 2025

Scotflow (Glasgow) Limited

Financial Statements

Year ended 31 January 2025

Contents | Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

Scotflow (Glasgow) Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Scotflow (Glasgow) Limited

Year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scotflow (Glasgow) Limited for the year ended 31 January 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Scotflow (Glasgow) Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Scotflow (Glasgow) Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scotflow (Glasgow) Limited and its director for our work or for this report.
It is your duty to ensure that Scotflow (Glasgow) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scotflow (Glasgow) Limited. You consider that Scotflow (Glasgow) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Scotflow (Glasgow) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
17 July 2025

Scotflow (Glasgow) Limited

Statement of Financial Position

31 January 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 940 | –

Current assets

Debtors | 6 | 36,774 |  | 22,155
Cash at bank and in hand | 25,706 |  | 34,441
| -------- |  | --------
| 62,480 |  | 56,596

Creditors: amounts falling due within one year | 7 | 15,476 |  | 16,091
| -------- |  | --------
Net current assets |  | 47,004 | 40,505
|  | -------- | --------
Total assets less current liabilities |  | 47,944 | 40,505

Creditors: amounts falling due after more than one year | 8 |  | 32,694 | 37,650
|  | -------- | --------
Net assets |  | 15,250 | 2,855
|  | -------- | --------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | 15,150 | 2,755
|  | -------- | -------
Shareholders funds |  | 15,250 | 2,855
|  | -------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Scotflow (Glasgow) Limited

Statement of Financial Position (continued)

31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:

Mr D W Keane |
Director |

Company registration number: SC279138

Scotflow (Glasgow) Limited

Notes to the Financial Statements

Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investment that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 1 ).
5. Tangible assets

| Equipment | Total
| £ | £
Cost |  |
At 1 February 2024 | 2,423 | 2,423
Additions | 940 | 940
| ------- | -------
At 31 January 2025 | 3,363 | 3,363
| ------- | -------
Depreciation |  |
At 1 February 2024 and 31 January 2025 | 2,423 | 2,423
| ------- | -------
Carrying amount |  |
At 31 January 2025 | 940 | 940
| ------- | -------
At 31 January 2024 | – | –
| ------- | -------

6. Debtors

| 2025 | 2024
| £ | £
Prepayments and accrued income | 27,500 | 13,000
Director's loan account | – | 9,155
Other debtors | 9,274 | –
| -------- | --------
| 36,774 | 22,155
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 5,004 | 5,004
Accruals and deferred income | 1,260 | 1,260
Corporation tax | 7,239 | 9,685
Social security and other taxes | 165 | 142
Director loan accounts | 1,808 | –
| -------- | --------
| 15,476 | 16,091
| -------- | --------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 32,694 | 37,650
| -------- | --------

9. Director's advances, credits and guarantees
As at 31st January 2025, Mr D W Keane is owed £1,808 by the company (2024: owed the company £9,155). The loan is interest free and has no fixed date of repayment.
10. Controlling party
The company was under the control of Mr D W Keane throughout the current and previous year.