Lets B Wise (Glasgow) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC423805 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Lets B Wise (Glasgow) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Ullah

Ms C Hughes

REGISTERED OFFICE:

Unit 3

37 Rosyth Road

Morris Park

Glasgow

G5 0YE

REGISTERED NUMBER:

SC423805 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

4,818

3,808

CURRENT ASSETS

Debtors

5

4,822

Cash at bank

79,881

67,616

84,703

72,438

CREDITORS

Amounts falling due within one year

6

83,009

53,659

NET CURRENT ASSETS

1,694

18,779

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,512

22,587

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

6,412

22,487

SHAREHOLDERS' FUNDS

6,512

22,587

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

M Ullah - Director

1.	STATUTORY INFORMATION

Lets B Wise (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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 June 2024

2,300

8,087

10,387

Additions

2,000

-

2,000

At 31 May 2025

4,300

8,087

12,387

DEPRECIATION

At 1 June 2024

888

5,691

6,579

Charge for year

511

479

990

At 31 May 2025

1,399

6,170

7,569

NET BOOK VALUE

At 31 May 2025

2,901

1,917

4,818

At 31 May 2024

1,412

2,396

3,808

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Lets B Wise Ltd

4,822

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade creditors

5

-

Tax

10,841

13,034

Social security and other taxes

393

1,378

Rent due to landlords

49,407

18,350

Accrued expenses

22,363

20,897

83,009

53,659

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

100

Ordinary

£1

100

8.	ULTIMATE CONTROLLING PARTY

There was no overall controlling party during the year.