The Glasgow Float Centre Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC716462 (Scotland)

Financial Statements

for the Year Ended 30 November 2025

for

The Glasgow Float Centre Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R P Caw

J Bell

L Caw

REGISTERED OFFICE:

Radleigh House 1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC716462 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Tangible assets

3

58,498

62,732

CURRENT ASSETS

Debtors

4

-

1,055

Cash at bank and in hand

3,480

1,472

3,480

2,527

CREDITORS

Amounts falling due within one year

5

27,324

22,941

NET CURRENT LIABILITIES

(23,844

)

(20,414

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

34,654

42,318

CREDITORS

Amounts falling due after more than one
year

6

142,673

147,050

NET LIABILITIES

(108,019

)

(104,732

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

(108,119

)

(104,832

)

SHAREHOLDERS' FUNDS

(108,019

)

(104,732

)

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

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

R P Caw - Director

J Bell - Director

1.	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.

Going concern

The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Revenue represents the amounts derived from the provision of health and spa services, excluding value added tax and trade discounts.

Tangible fixed assets

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

Plant & equipment

-

15% on reducing balance

Furniture & fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of fixed assets

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

3.	TANGIBLE FIXED ASSETS

Plant &

Furniture

Motor

Computer

equipment

& fittings

vehicles

equipment

Totals

£

COST

At 1 December 2024

55,750

29,527

-

233

85,510

Additions

-

6,731

-

6,731

At 30 November 2025

55,750

29,527

6,731

233

92,241

DEPRECIATION

At 1 December 2024

14,286

8,362

-

130

22,778

Charge for year

6,220

3,126

1,542

77

10,965

At 30 November 2025

20,506

11,488

1,542

207

33,743

NET BOOK VALUE

At 30 November 2025

35,244

18,039

5,189

26

58,498

At 30 November 2024

41,464

21,165

-

103

62,732

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Prepayments

-

1,055

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other loans

13,163

14,173

Social security and other taxes

4,094

VAT

5,841

874

Accrued expenses

4,226

3,800

27,324

22,941

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Other loans

3,605

19,325

Directors' loan accounts

139,068

127,725

142,673

147,050

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

8.

RESERVES

Retained

earnings

£

At 1 December 2024

(104,832

)

Deficit for the year

(3,287

)

At 30 November 2025

(108,119

)

9.	RELATED PARTY DISCLOSURES

No interest was charged on the loans from the directors There are no formal terms in relation to repayment.