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REGISTERED NUMBER: SC461693 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

T J Fryers Limited

T J Fryers Limited (Registered number: SC461693)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


T J Fryers Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mrs C Loia
G Loia





REGISTERED OFFICE: 4 Motherwell Street
Airdrie
ML6 7HU





REGISTERED NUMBER: SC461693 (Scotland)





ACCOUNTANTS: Dunellan Accountancy Limited
24 Chapel Street
Airdrie
ML6 6LG

T J Fryers Limited (Registered number: SC461693)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,893 22,278

CURRENT ASSETS
Stocks 5 7,198 7,146
Debtors 6 2,831 359
Cash at bank and in hand 106,749 105,194
116,778 112,699
CREDITORS
Amounts falling due within one year 7 57,763 61,509
NET CURRENT ASSETS 59,015 51,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,908

73,468

CREDITORS
Amounts falling due after more than one year 8 33,162 53,000
NET ASSETS 44,746 20,468

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 44,745 20,467
44,746 20,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 August 2022 and were signed on its behalf by:



G Loia - Director


T J Fryers Limited (Registered number: SC461693)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

T J Fryers Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. The charge for the year is £1,581 (2021 £1,514)

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2021 - 33 ) .

T J Fryers Limited (Registered number: SC461693)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 38,579 2,054 40,633
DEPRECIATION
At 1 April 2021 17,182 1,173 18,355
Charge for year 3,209 176 3,385
At 31 March 2022 20,391 1,349 21,740
NET BOOK VALUE
At 31 March 2022 18,188 705 18,893
At 31 March 2021 21,397 881 22,278

5. STOCKS
31.3.22 31.3.21
£    £   
Stocks 7,198 7,146

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Prepayments 2,831 359

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 10,648 -
Trade creditors 6,217 9,175
Tax 18,100 24,879
Social security and other taxes 2,773 4,213
VAT 16,081 19,855
Directors' current accounts 628 628
Accrued expenses 3,316 2,759
57,763 61,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans - 1-2 years 10,648 -
Bank loans - 2-5 years 19,514 50,000
Other creditors 3,000 3,000
33,162 53,000

T J Fryers Limited (Registered number: SC461693)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. RESERVES
Retained
earnings
£   

At 1 April 2021 20,467
Profit for the year 73,777
Dividends (49,499 )
At 31 March 2022 44,745

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £628 (2021 £628).

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £49,499 were paid to the directors .

The company was under the control of Mr G Loia throughout the current and previous year. Mr Loia holds 100% of the issued share capital.

Family loans totalling £3,000 (2021 £3,000) remain outstanding at the year end.