LETS DIRECT (GLASGOW) LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC274294 (Scotland)

Unaudited Financial Statements For The Year Ended 31 March 2018

for

LETS DIRECT (GLASGOW) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

V Iqbal

SECRETARY:

M N Iqbal

REGISTERED OFFICE:

605 Cathcart Road

Glasgow

Lanarkshire

G42 8AD

REGISTERED NUMBER:

SC274294 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan

95-107 Lancefield Street

Glasgow

Lanarkshire

G3 8HZ

FIXED ASSETS

Tangible assets

4

284,570

242,731

CURRENT ASSETS

Cash at bank

2,996

4,660

CREDITORS

Amounts falling due within one year

5

63,139

40,555

NET CURRENT LIABILITIES

(60,143

)

(35,895

)

TOTAL ASSETS LESS CURRENT LIABILITIES

224,427

206,836

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

224,327

206,736

SHAREHOLDERS' FUNDS

224,427

206,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 December 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2017

242,206

6,820

249,026

Additions

41,970

-

41,970

At 31 March 2018

284,176

6,820

290,996

DEPRECIATION

At 1 April 2017

-

6,295

6,295

Charge for year

-

131

131

At 31 March 2018

-

6,426

6,426

NET BOOK VALUE

At 31 March 2018

284,176

394

284,570

At 31 March 2017

242,206

525

242,731

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Lets Direct (Scotland) Ltd

5,705

5,705

Tax

5,143

8,204

Directors Loan

50,437

15,112

Rent deposits

-

9,884

Accrued expenses

1,854

1,650

63,139

40,555