Tobermory Mussels Ltd |
Notes to the Accounts |
for the year ended 31 March 2022 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared on a basis other than going concern and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company will be dissolved in 2022 post year end. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Debtors |
2022 |
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2021 |
£ |
£ |
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Called up share capital not paid |
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10 |
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10 |
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4 |
Creditors: amounts falling due within one year |
2022 |
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2021 |
£ |
£ |
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Directors' Loan Accounts |
50 |
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13,000 |
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Trade Creditors |
113 |
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- |
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Accruals |
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120 |
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80 |
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283 |
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13,080 |
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5 |
Events after the reporting date |
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The company's final accounting year was the year ending 31st March 2022 and it was decided by the shareholder directors to dissolve the company in 2022 post year end. |
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6 |
Related party transactions |
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The company owed the director Alasdair Ingram £50 at the year end, no interest was charged to the company on the balance in the period and the full amount was repaid to Alasdair post year end. |
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7 |
Prior Year Adjustment |
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The share capital was incorrectly classified as paid in the period ending 31/03/2021 and has now been correctly disclosed as unpaid within debtors. |
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8 |
Other information |
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Tobermory Mussels Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
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1 Strongarbh Park |
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Tobermory |
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Isle of Mull |
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Argyll & Bute |
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PA75 6RB |