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Company Registration No. SC370857 (Scotland)
Glen Vorlich Trading Co Ltd. Unaudited accounts for the year ended 31 January 2025
Glen Vorlich Trading Co Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Glen Vorlich Trading Co Ltd. Company Information for the year ended 31 January 2025
Director
Dr George Vinas
Company Number
SC370857 (Scotland)
Registered Office
231 NITHSDALE ROAD GLASGOW G41 5HA SCOTLAND
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Glen Vorlich Trading Co Ltd. Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,359
7,949
Investments
5
(53,237)
(53,237)
(46,878)
(45,288)
Current assets
Debtors
6
12,831
13,355
Cash at bank and in hand
690
5,199
13,521
18,554
Creditors: amounts falling due within one year
7
(4,468)
(4,329)
Net current assets
9,053
14,225
Total assets less current liabilities
(37,825)
(31,063)
Creditors: amounts falling due after more than one year
8
(36,452)
(39,216)
Net liabilities
(74,277)
(70,279)
Capital and reserves
Called up share capital
99
99
Profit and loss account
(74,376)
(70,378)
Shareholders' funds
(74,277)
(70,279)
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 9 October 2025 and were signed on its behalf by
Dr George Vinas Director Company Registration No. SC370857
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Glen Vorlich Trading Co Ltd. Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Glen Vorlich Trading Co Ltd. is a private company, limited by shares, registered in Scotland, registration number SC370857. The registered office is 231 NITHSDALE ROAD, GLASGOW, G41 5HA, 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.
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:
Motor vehicles
Reducing balance at 20%
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 February 2024
16,500
At 31 January 2025
16,500
Depreciation
At 1 February 2024
8,551
Charge for the year
1,590
At 31 January 2025
10,141
Net book value
At 31 January 2025
6,359
At 31 January 2024
7,949
5
Investments
Other investments
£
Valuation at 1 February 2024
(53,237)
Valuation at 31 January 2025
(53,237)
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Glen Vorlich Trading Co Ltd. Notes to the Accounts for the year ended 31 January 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
12,831
13,155
Trade debtors
-
200
12,831
13,355
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
605
-
Taxes and social security
1
1
Loans from directors
2,902
3,368
Accruals
960
960
4,468
4,329
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
36,452
39,216
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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