Shout Business Solutions Limited SC286518 false 2020-09-01 2021-11-30 2021-11-30 The principal activity of the company is the provision of business consultancy and photographic services. Digita Accounts Production Advanced 6.30.9574.0 true SC286518 2020-09-01 2021-11-30 SC286518 2021-11-30 SC286518 bus:Director2 1 2021-11-30 SC286518 bus:OrdinaryShareClass1 2021-11-30 SC286518 core:RetainedEarningsAccumulatedLosses 2021-11-30 SC286518 core:ShareCapital 2021-11-30 SC286518 core:CurrentFinancialInstruments 2021-11-30 SC286518 core:CurrentFinancialInstruments core:WithinOneYear 2021-11-30 SC286518 core:FurnitureFittingsToolsEquipment 2021-11-30 SC286518 core:MotorVehicles 2021-11-30 SC286518 core:OtherPropertyPlantEquipment 2021-11-30 SC286518 bus:SmallEntities 2020-09-01 2021-11-30 SC286518 bus:AuditExemptWithAccountantsReport 2020-09-01 2021-11-30 SC286518 bus:FullAccounts 2020-09-01 2021-11-30 SC286518 bus:SmallCompaniesRegimeForAccounts 2020-09-01 2021-11-30 SC286518 bus:RegisteredOffice 2020-09-01 2021-11-30 SC286518 bus:CompanySecretary1 2020-09-01 2021-11-30 SC286518 bus:Director2 2020-09-01 2021-11-30 SC286518 bus:Director2 1 2020-09-01 2021-11-30 SC286518 bus:OrdinaryShareClass1 2020-09-01 2021-11-30 SC286518 bus:PrivateLimitedCompanyLtd 2020-09-01 2021-11-30 SC286518 bus:Agent1 2020-09-01 2021-11-30 SC286518 core:ComputerEquipment 2020-09-01 2021-11-30 SC286518 core:FurnitureFittingsToolsEquipment 2020-09-01 2021-11-30 SC286518 core:MotorVehicles 2020-09-01 2021-11-30 SC286518 core:OtherPropertyPlantEquipment 2020-09-01 2021-11-30 SC286518 countries:Scotland 2020-09-01 2021-11-30 SC286518 2020-08-31 SC286518 bus:Director2 1 2020-08-31 SC286518 core:FurnitureFittingsToolsEquipment 2020-08-31 SC286518 core:MotorVehicles 2020-08-31 SC286518 core:OtherPropertyPlantEquipment 2020-08-31 SC286518 2019-09-01 2020-08-31 SC286518 2020-08-31 SC286518 bus:OrdinaryShareClass1 2020-08-31 SC286518 core:RetainedEarningsAccumulatedLosses 2020-08-31 SC286518 core:ShareCapital 2020-08-31 SC286518 core:CurrentFinancialInstruments 2020-08-31 SC286518 core:CurrentFinancialInstruments core:WithinOneYear 2020-08-31 SC286518 core:FurnitureFittingsToolsEquipment 2020-08-31 SC286518 core:MotorVehicles 2020-08-31 SC286518 core:OtherPropertyPlantEquipment 2020-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC286518

Shout Business Solutions Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 September 2020 to 30 November 2021

 

Shout Business Solutions Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Shout Business Solutions Limited

Company Information

Director

A Johnson

Company secretary

C Johnson

Registered office

27 North Bridge Street
Hawick
Borders
TD9 9BD

Accountants

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
27 North Bridge Street
Hawick
Borders
TD9 9BD

 

DEANS

Chartered Accountants

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Shout Business Solutions Limited for the Period Ended 30 November 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shout Business Solutions Limited for the period ended 30 November 2021 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/ethics/icas-code-of-ethics.

This report is made solely to the Board of Directors of Shout Business Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 5 August 2005. Our work has been undertaken solely to prepare for your approval the accounts of Shout Business Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Shout Business Solutions Limited, as a body, in this report in accordance with ICAS guidance (www.icas.com/accountsprep/guidance). To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shout Business Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Shout Business Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Shout Business Solutions Limited. You consider that Shout Business Solutions Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Shout Business Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
27 North Bridge Street
Hawick
Borders
TD9 9BD

17 August 2021

 

Shout Business Solutions Limited

(Registration number: SC286518)
Balance Sheet as at 30 November 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

5,373

4,136

Current assets

 

Stocks

5

100

100

Debtors

6

8,883

-

Cash at bank and in hand

 

26,780

10,500

 

35,763

10,600

Creditors: Amounts falling due within one year

7

(10,027)

(5,813)

Net current assets

 

25,736

4,787

Net assets

 

31,109

8,923

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

31,009

8,823

Shareholders' funds

 

31,109

8,923

For the financial period ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 17 August 2021
 

.........................................
A Johnson
Director

 

Shout Business Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2020 to 30 November 2021

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
27 North Bridge Street
Hawick
Borders
TD9 9BD
Scotland

The principal place of business is:
2 Dean Park
Newstead
Melrose
Roxburghshire
TD6 9RQ
Scotland

These financial statements were authorised for issue by the director on 17 August 2021.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The financial statements are presented in Sterling (£) and rounded to the nearest £1.

 

Shout Business Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2020 to 30 November 2021

Judgements

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made included:

Useful economic lives of tangible assets – the annual depreciation charge for tangible assets is sensitive to change in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on economic utilisation, and the physical condition of the assets.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

Various

Fixtures and fittings

Various

Photographic equipment

Various

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Shout Business Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2020 to 30 November 2021

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it’s liabilities.
 Recognition and measurement
Where shares are issued, any component that creates, a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expenses in the profit and loss account.
 Impairment
At the end of each reporting period financial instruments measured at fair value are assessed for objective evidence of impairment. The impairment loss is recognised in the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3 (2020 - 2).

 

Shout Business Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2020 to 30 November 2021

4

Tangible assets

Computer equipment
 £

Fixtures and fittings
 £

Photographic equipment
£

Total
£

Cost or valuation

At 1 September 2020

27,437

14,404

32,803

74,644

Additions

3,309

-

-

3,309

At 30 November 2021

30,746

14,404

32,803

77,953

Depreciation

At 1 September 2020

27,123

14,404

28,981

70,508

Charge for the period

448

-

1,624

2,072

At 30 November 2021

27,571

14,404

30,605

72,580

Carrying amount

At 30 November 2021

3,175

-

2,198

5,373

At 31 August 2020

314

-

3,822

4,136

5

Stocks

2021
£

2020
£

Other inventories

100

100

6

Debtors

Current

2021
£

2020
£

Other debtors

8,883

-

7

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Taxation and social security

8,927

698

Accruals and deferred income

1,100

1,100

Other creditors

-

4,015

10,027

5,813

 

Shout Business Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2020 to 30 November 2021

8

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Related party transactions

Transactions with the director

2021

At 1 September 2020
£

Advances to director
£

At 30 November 2021
£

A Johnson

Loans are undated and have no specific repayment terms, The loan was repaid shortly after the year end

-

8,883

8,883