LETS DIRECT (GLASGOW) LTD - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC274294 (Scotland)

Unaudited Financial Statements For The Year Ended 31 March 2023

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

697,965

697,996

CURRENT ASSETS

Cash at bank

10,185

47,146

CREDITORS

Amounts falling due within one year

5

148,296

177,774

NET CURRENT LIABILITIES

(138,111

)

(130,628

)

TOTAL ASSETS LESS CURRENT LIABILITIES

559,854

567,368

CREDITORS

Amounts falling due after more than one year

6

212,165

219,255

NET ASSETS

347,689

348,113

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

347,589

348,013

SHAREHOLDERS' FUNDS

347,689

348,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 26 October 2023 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 2 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

697,872

6,820

704,692

DEPRECIATION

At 1 April 2022

-

6,696

6,696

Charge for year

-

31

31

At 31 March 2023

-

6,727

6,727

NET BOOK VALUE

At 31 March 2023

697,872

93

697,965

At 31 March 2022

697,872

124

697,996

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

8,000

8,000

Lets Direct (Scotland) Ltd

54,000

76,157

Tax

-

8,483

Directors Loan

80,939

79,521

Rent deposits

3,500

3,500

Accrued expenses

1,857

2,113

148,296

177,774

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans - outwith 1 year

212,165

219,255