Reeta Fashions (Glasgow) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC385445 (Scotland)

Financial Statements

for the Year Ended 30 September 2025

for

Reeta Fashions (Glasgow) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Lang

S S Lang

REGISTERED OFFICE:

179 Gallowgate

Glasgow

G1 5ED

REGISTERED NUMBER:

SC385445 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Intangible assets

4

147

Tangible assets

5

20,892

26,251

21,039

26,398

CURRENT ASSETS

Stocks

175,831

174,958

Debtors

6

35,340

2,112

Cash at bank and in hand

49,832

60,825

261,003

237,895

CREDITORS

Amounts falling due within one year

7

104,946

50,114

NET CURRENT ASSETS

156,057

187,781

TOTAL ASSETS LESS CURRENT
LIABILITIES

177,096

214,179

CREDITORS

Amounts falling due after more than one
year

8

12,495

22,500

NET ASSETS

164,601

191,679

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

164,501

191,579

SHAREHOLDERS' FUNDS

164,601

191,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 11 June 2026 and were signed on its behalf by:

S M Lang - Director

1.	STATUTORY INFORMATION

Reeta Fashions (Glasgow) Limited 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Formation Expenses are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Formation

Expenses

£

COST

At 1 October 2024

and 30 September 2025

147

NET BOOK VALUE

At 30 September 2025

147

At 30 September 2024

147

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

COST

At 1 October 2024

and 30 September 2025

41,099

23,224

13,000

2,554

79,877

DEPRECIATION

At 1 October 2024

19,839

20,397

12,024

1,366

53,626

Charge for year

4,252

566

244

297

5,359

At 30 September 2025

24,091

20,963

12,268

1,663

58,985

NET BOOK VALUE

At 30 September 2025

17,008

2,261

732

891

20,892

At 30 September 2024

21,260

2,827

976

1,188

26,251

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

33,228

-

Broadloch

2,112

35,340

2,112

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Creditors & Accrued Charges

97,918

40,891

Tax

4,195

1,856

VAT

2,833

7,367

104,946

50,114

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.25

30.9.24

£

Other loans - 2-5 years

12,495

22,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

100

Ordinary

£1

100