MISS FERRIER LIMITED

Company Registration Number:
SC605252 (Scotland)

Unaudited abridged accounts for the year ended 31 August 2021

Period of accounts

Start date: 01 September 2020

End date: 31 August 2021

MISS FERRIER LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2021

Balance sheet
Notes

MISS FERRIER LIMITED

Balance sheet

As at 31 August 2021


Notes

2021

2020


£

£
Current assets
Debtors:   5,446 6,201
Cash at bank and in hand: 4,211 4,956
Total current assets: 9,657 11,157
Creditors: amounts falling due within one year:   (7,199) (6,964)
Net current assets (liabilities): 2,458 4,193
Total assets less current liabilities: 2,458 4,193
Total net assets (liabilities): 2,458 4,193
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,358 4,093
Shareholders funds: 2,458 4,193

The notes form part of these financial statements

MISS FERRIER LIMITED

Balance sheet statements

For the year ending 31 August 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 May 2022
and signed on behalf of the board by:

Name: L Ferrier
Status: Director

The notes form part of these financial statements

MISS FERRIER LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Judgements and key sources of estimated uncertaintyThe preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstancesGoing concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements.Revenue recognitionTurnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied.Corporation TaxThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing differenceHire purchase and leasing commitmentsRentals paid under operating leases are charged to profit and loss on a straight-line basis over the period of the lease.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.

MISS FERRIER LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2021

2. Employees

2021 2020
Average number of employees during the period 1 1