1 March 2024 v2025.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBPSC5896002024-03-012025-02-28SC5896002025-02-28SC5896002024-02-29SC589600core:WithinOneYear2025-02-28SC589600core:WithinOneYear2024-02-29SC589600core:ShareCapital2025-02-28SC589600core:ShareCapital2024-02-29SC589600core:RetainedEarningsAccumulatedLosses2025-02-28SC589600core:RetainedEarningsAccumulatedLosses2024-02-29SC589600bus:Director12024-03-012025-02-28SC589600bus:RegisteredOffice2024-03-012025-02-28SC589600core:PlantMachinery2024-03-012025-02-28SC589600core:PlantMachinery2025-02-28SC589600core:PlantMachinery2024-03-01SC589600core:PlantMachinery2024-02-29SC58960012024-03-012025-02-28SC5896002023-03-012024-02-29SC589600countries:Scotland2024-03-012025-02-28SC589600bus:AuditExemptWithAccountantsReport2024-03-012025-02-28SC589600bus:PrivateLimitedCompanyLtd2024-03-012025-02-28SC589600bus:SmallEntities2024-03-012025-02-28SC589600bus:FullAccounts2024-03-012025-02-28
Company registration number:
SC589600
Glasgow Restorative Programme Limited
Unaudited Filleted Financial Statements for the year ended
28 February 2025
R Iain Gardner & Co
Chartered Accountants
2 Bishops Park, Thorntonhall, Glasgow, G74 5AF, United Kingdom
Glasgow Restorative Programme Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Glasgow Restorative Programme Limited
Year ended
28 February 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
Glasgow Restorative Programme Limited
for the year ended
28 February 2025
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/​accountspreparationguidance.
This report is made solely to the Board of Directors of
Glasgow Restorative Programme Limited
, as a body, in accordance with the terms of our engagement letter dated 26 February 2018. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Glasgow Restorative Programme Limited
and state those matters that we have agreed to state to the Board of Directors of
Glasgow Restorative Programme Limited
, as a body, in this report in accordance with the requirements of the ICAS as detailed at http://www.icas.com/​accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Glasgow Restorative Programme Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Glasgow Restorative Programme 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
Glasgow Restorative Programme Limited
. You consider that
Glasgow Restorative Programme 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 Glasgow Restorative Programme 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.
R Iain Gardner & Co
Chartered Accountants
2 Bishops Park
Thorntonhall
Glasgow
G74 5AF
United Kingdom
Date:
18 July 2025
Glasgow Restorative Programme Limited
Statement of Financial Position
28 February 2025
20252024
Note££
Fixed assets    
Tangible assets 5
1,282
 
1,708
 
Current assets    
Debtors 6
115,630
 
115,268
 
Cash at bank and in hand
91,590
 
29,598
 
207,220
 
144,866
 
Creditors: amounts falling due within one year 7
(139,503
 )
(87,898
 )
Net current assets
67,717
 
56,968
 
Total assets less current liabilities 68,999   58,676  
Provisions for liabilities
(243
 )
(325
 )
Net assets
68,756
 
58,351
 
Capital and reserves    
Called up share capital
2,000
 
2,000
 
Profit and loss account
66,756
 
56,351
 
Shareholders funds
68,756
 
58,351
 
For the year ending
28 February 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
18 July 2025
, and are signed on behalf of the board by:
Dr Ian Stewart Macmillan
Director
Company registration number:
SC589600
Glasgow Restorative Programme Limited
Notes to the Financial Statements
Year ended
28 February 2025

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
2 Bishops Park
,
Thorntonhall
,
Glasgow
,
South Lanarkshire
,
G74 5AF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance

Impairment

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2024: Nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2024
and
28 February 2025
9,600
 
Depreciation  
At
1 March 2024
7,892
 
Charge
426
 
At
28 February 2025
8,318
 
Carrying amount  
At
28 February 2025
1,282
 
At 29 February 2024
1,708
 

6 Debtors

20252024
££
Other debtors
115,630
 
115,268
 

7 Creditors: amounts falling due within one year

20252024
££
Trade creditors
610
 
6,469
 
Taxation and social security
15,367
 
3,514
 
Other creditors
123,526
 
77,915
 
139,503
 
87,898
 

8 Directors' advances, credit and guarantees

Included within other debtors is £56,492 due by Ian MacMillan (2023: £49,736) and £58,776 due by Jason Smithson (2023: £60,259). Ian MacMillan and Jason Smithson are both directors of the company. The loans are interest free and have no fixed repayment date.