Indian Street Foods (Glasgow) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC418056 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Indian Street Foods (Glasgow) Ltd

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mr M Mohammed

REGISTERED OFFICE:

24 Westminster Terrace

Glasgow

G3 7RU

REGISTERED NUMBER:

SC418056 (Scotland)

ACCOUNTANTS:

McLaughlin Crolla LLP

77/2 Hanover Street

Edinburgh

EH2 1EE

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2025 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

McLaughlin Crolla LLP

77/2 Hanover Street

Edinburgh

EH2 1EE

12th December 2025

FIXED ASSETS

Tangible assets

4

-

66,919

CURRENT ASSETS

Debtors

5

580

2,966

Cash at bank

861

14,031

1,441

16,997

CREDITORS

Amounts falling due within one year

6

13,509

15,666

NET CURRENT (LIABILITIES)/ASSETS

(12,068

)

1,331

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,068

)

68,250

CREDITORS

Amounts falling due after more than one year

7

3,125

14,376

NET (LIABILITIES)/ASSETS

(15,193

)

53,874

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(15,293

)

53,774

SHAREHOLDERS' FUNDS

(15,193

)

53,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 12th December 2025 and were signed by:

Mr M Mohammed - Director

1.	STATUTORY INFORMATION

Indian Street Foods (Glasgow) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

Cost

At 1st April 2024

155,658

7,658

1,005

164,321

Disposals

(155,658

)

(7,658

)

(1,005

)

(164,321

)

At 31st March 2025

-

Depreciation

At 1st April 2024

93,616

3,284

502

97,402

Eliminated on disposal

(93,616

)

(3,284

)

(502

)

(97,402

)

At 31st March 2025

-

Net book value

At 31st March 2025

-

At 31st March 2024

62,042

4,374

503

66,919

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

2,902

VAT

580

64

580

2,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,000

Trade creditors

9

16

Amounts owed to group undertakings

2,000

-

Accrued expenses

1,500

5,650

13,509

15,666

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

3,125

10,000

Bank loans - 2-5 years

-

4,376

3,125

14,376

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of Indian Street Foods (Glasgow) Ltd is Mask Holdings Limited, registered in Scotland. The registered office of Mask Holdings Limited is 24 Westminster Terrace, Glasgow, G3 7RU.