LETS DIRECT (GLASGOW) LTD - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC274294 (Scotland)

Unaudited Financial Statements For The Year Ended 31 March 2022

for

LETS DIRECT (GLASGOW) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V Iqbal

SECRETARY:

M N Iqbal

REGISTERED OFFICE:

266a

St. Vincent Street

Glasgow

Lanarkshire

G2 5RL

REGISTERED NUMBER:

SC274294 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan

95-107 Lancefield Street

Glasgow

Lanarkshire

G3 8HZ

FIXED ASSETS

Tangible assets

4

697,996

698,038

CURRENT ASSETS

Cash at bank

47,146

121,698

CREDITORS

Amounts falling due within one year

5

177,774

236,419

NET CURRENT LIABILITIES

(130,628

)

(114,721

)

TOTAL ASSETS LESS CURRENT LIABILITIES

567,368

583,317

CREDITORS

Amounts falling due after more than one year

6

219,255

269,237

NET ASSETS

348,113

314,080

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

348,013

313,980

SHAREHOLDERS' FUNDS

348,113

314,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 December 2022 and were signed by:

V Iqbal - Director

1.	STATUTORY INFORMATION

LETS DIRECT (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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2021

and 31 March 2022

697,872

6,820

704,692

DEPRECIATION

At 1 April 2021

-

6,654

6,654

Charge for year

-

42

42

At 31 March 2022

-

6,696

6,696

NET BOOK VALUE

At 31 March 2022

697,872

124

697,996

At 31 March 2021

697,872

166

698,038

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

8,000

16,000

Lets Direct (Scotland) Ltd

76,157

144,705

Tax

8,483

6,163

Social security and other taxes

-

497

Directors Loan

79,521

63,177

Rent deposits

3,500

3,500

Accrued expenses

2,113

2,377

177,774

236,419

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans - outwith 1 year

219,255

269,237