Company Registration No. SC278997 (Scotland)
1 Stop Properties (Glasgow) Limited
Financial Statements
for the year ended 31 March 2021
1 Stop Properties (Glasgow) Limited
Financial Statements
Contents
1 Stop Properties (Glasgow) Limited
Company Information
for the year ended 31 March 2021
Company Number
SC278997 (Scotland)
Registered Office
110A Maxwell Avenue
Bearsden
Glasgow
G61 1HU
Accountants
The Glasgow Tax & Accountancy Centre
110A Maxwell Ave
Bearsden
Glasgow
G61 1LD
1 Stop Properties (Glasgow) Limited
Statement of financial position
as at
31 March 2021
Tangible assets
3,299
4,299
Cash at bank and in hand
189,748
160,797
Creditors: amounts falling due within one year
(133,157)
(164,894)
Net current assets/(liabilities)
56,591
(4,097)
Called up share capital
5,000
5,000
Capital redemption reserve
(319,000)
(319,000)
Profit and loss account
373,890
314,202
Shareholders' funds
59,890
202
For the year ending 31 March 2021 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 her 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 30 December 2021 and were signed on its behalf by
Wendy Gallagher
Director
Company Registration No. SC278997
1 Stop Properties (Glasgow) Limited
Notes to the Accounts
for the year ended 31 March 2021
1 Stop Properties (Glasgow) Limited is a private company, limited by shares, registered in Scotland, registration number SC278997. The registered office is 110A Maxwell Avenue, Bearsden, Glasgow, G61 1HU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
1 Stop Properties (Glasgow) Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Charge for the year
1,000
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
826
2,073
Taxes and social security
27,915
39,378
Other creditors
78,000
84,373
Loans from directors
-
6,000
7
Average number of employees
During the year the average number of employees was 6 (2020: 6).