Glasgow Wealth Limited

Glasgow Wealth Limited

GLASGOW WEALTH LIMITED - Company Information

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1 October 2020 false No description of principal activity Taxfiler 2022.5.1 SC487375business:PrivateLimitedCompanyLtd2020-10-012021-09-30 SC4873752020-09-30 SC4873752020-10-012021-09-30 SC487375business:AuditExemptWithAccountantsReport2020-10-012021-09-30 SC487375business:FullAccounts2020-10-012021-09-30 SC4873752021-09-30 SC487375business:Director12020-10-012021-09-30 SC487375business:RegisteredOffice2020-10-012021-09-30 SC4873752020-09-30 SC487375core:WithinOneYear2021-09-30 SC487375core:WithinOneYear2020-09-30 SC487375core:ShareCapital2021-09-30 SC487375core:ShareCapital2020-09-30 SC487375core:RetainedEarningsAccumulatedLosses2021-09-30 SC487375core:RetainedEarningsAccumulatedLosses2020-09-30 SC487375business:SmallEntities2020-10-012021-09-30 SC487375countries:Scotland2020-10-012021-09-30 SC487375core:FurnitureFittings2020-10-012021-09-30 SC487375core:ComputerEquipment2020-10-012021-09-30 SC487375core:FurnitureFittings2020-09-30 SC487375core:ComputerEquipment2020-09-30 SC487375core:FurnitureFittings2021-09-30 SC487375core:ComputerEquipment2021-09-30 SC4873752019-10-012020-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC487375 (Scotland)
Glasgow Wealth Limited Unaudited accounts for the year ended 30 September 2021
Glasgow Wealth Limited Unaudited accounts Contents
Page
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Glasgow Wealth Limited Company Information for the year ended 30 September 2021
Director
M Garvey
Company Number
SC487375 (Scotland)
Registered Office
Fifth Floor, Merchants House 30 George Square Glasgow G2 1EG
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Glasgow Wealth Limited Statement of financial position as at 30 September 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
7,585 
10,417 
Current assets
Debtors
5
16,559 
12,192 
Cash at bank and in hand
100,550 
180,780 
117,109 
192,972 
Creditors: amounts falling due within one year
6
(47,647)
(21,257)
Net current assets
69,462 
171,715 
Net assets
77,047 
182,132 
Capital and reserves
Called up share capital
103 
102 
Profit and loss account
76,944 
182,030 
Shareholders' funds
77,047 
182,132 
For the year ending 30 September 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 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 10 June 2022 and were signed on its behalf by
M Garvey Director Company Registration No. SC487375
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Glasgow Wealth Limited Notes to the Accounts for the year ended 30 September 2021
1
Statutory information
Glasgow Wealth Limited is a private company, limited by shares, registered in Scotland, registration number SC487375. The registered office is Fifth Floor, Merchants House, 30 George Square, Glasgow, G2 1EG.
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.
Presentation currency
The accounts are prepared in £ sterling.
Turnover
Turnover represents the value of services provided to customers, net of value added tax.
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
Computer equipment
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2020
14,322 
16,889 
31,211 
Additions
- 
358 
358 
At 30 September 2021
14,322 
17,247 
31,569 
Depreciation
At 1 October 2020
9,760 
11,034 
20,794 
Charge for the year
1,140 
2,050 
3,190 
At 30 September 2021
10,900 
13,084 
23,984 
Net book value
At 30 September 2021
3,422 
4,163 
7,585 
At 30 September 2020
4,562 
5,855 
10,417 
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Glasgow Wealth Limited Notes to the Accounts for the year ended 30 September 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Accrued income and prepayments
9,809 
9,700 
Other debtors
6,750 
2,492 
16,559 
12,192 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
33,303 
1,981 
Other creditors
2,100 
10,000 
Loans from directors
10,744 
744 
Accruals
1,500 
8,532 
47,647 
21,257 
7
Average number of employees
During the year the average number of employees was 6 (2020: 6).
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