2020-12-01 SC361715 2021-11-30 SC361715 2020-12-01 2021-11-30 SC361715 2020-11-30 SC361715 2019-12-01 2020-11-30 SC361715 uk-core:WithinOneYear 2020-11-30 SC361715 uk-core:WithinOneYear 2021-11-30 SC361715 uk-core:AfterOneYear 2020-11-30 SC361715 uk-core:AfterOneYear 2021-11-30 SC361715 uk-core:ShareCapital 2021-11-30 SC361715 uk-core:ShareCapital 2020-11-30 SC361715 uk-core:RetainedEarningsAccumulatedLosses 2021-11-30 SC361715 uk-core:RetainedEarningsAccumulatedLosses 2020-11-30 SC361715 uk-bus:Director1 2020-12-01 2021-11-30 SC361715 uk-core:NetGoodwill 2020-12-01 2021-11-30 SC361715 uk-core:PlantMachinery 2020-12-01 2021-11-30 SC361715 uk-core:OfficeEquipment 2020-12-01 2021-11-30 SC361715 uk-core:Goodwill 2020-11-30 SC361715 uk-core:Goodwill 2021-11-30 SC361715 uk-core:Goodwill 2020-12-01 2021-11-30 SC361715 uk-core:OfficeEquipment 2020-11-30 SC361715 uk-core:PlantMachinery 2020-11-30 SC361715 uk-core:PlantMachinery 2021-11-30 SC361715 uk-core:OfficeEquipment 2021-11-30 iso4217:GBP xbrli:pure SC361715 uk-bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 SC361715 uk-bus:FRS102 2020-12-01 2021-11-30 SC361715 uk-bus:FullAccounts 2020-12-01 2021-11-30 SC361715 uk-bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30
Tshirtprinting Ltd
Registered Number:SC361715
For the year ended 30 November 2021
Scotland
Unaudited Financial Statements
2
For the year ended 30 November 2021
Tshirtprinting Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
SC361715
As at 30 November 2021
Tshirtprinting Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Intangible assets
-
1,000
2
Property, plant and equipment
5,264
2,793
3
5,264
3,793
Current assets
Inventories
500
500
4
Trade and other receivables
-
331
5
7,059
Cash and cash equivalents
11,277
12,108
7,559
Trade and other payables: amounts falling due within one year
(4,885)
(3,580)
6
2,674
8,528
Net current assets
Total assets less current liabilities
13,792
6,467
Trade and other payables: amounts falling due after more than one year
(10,000)
(9,213)
7
(1,776)
(1,776)
Provisions for liabilities
2,803
Net assets/liabilities
(5,309)
Capital and reserves
Called up share capital
100
100
Retained earnings
2,703
(5,409)
2,803
(5,309)
Shareholders' funds
For the year ended 30 November 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
SC361715
For the year ended 30 November 2021
Tshirtprinting Ltd
Statement of Financial Position Continued
Mr Robert Bryden Director
These financial statements were approved and authorised for issue by the Board on 05 September 2022 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 November 2021
Tshirtprinting Ltd
Notes to the Financial Statements
Statutory Information
Tshirtprinting Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC361715.
Registered address:
Unit 3 Meadowmill
West Hendersons Wynd
Dundee
DD1 5BY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & machinery
20% Straight line
15% Reducing balance
Equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 30 November 2021
Tshirtprinting Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 December 2020
10,000
At 30 November 2021
10,000
Amortisation
At 01 December 2020
9,000
1,000
Charge for year
At 30 November 2021
10,000
Net book value
At 30 November 2021
-
At 30 November 2020
1,000
3. Property, plant and equipment
Total
Equipment
Plant & machinery
£
£
£
Cost or valuation
At 01 December 2020
23,326
7,181
16,145
3,400
3,400
-
Additions
At 30 November 2021
16,145
10,581
26,726
Provision for depreciation and impairment
At 01 December 2020
20,533
4,388
16,145
Charge for year
929
929
-
At 30 November 2021
21,462
5,317
16,145
At 30 November 2021
Net book value
-
5,264
5,264
At 30 November 2020
-
2,793
2,793
4. Inventories
2020
2021
£
£
Stocks
500
500
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7
For the year ended 30 November 2021
Tshirtprinting Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2020
2021
£
£
Trade debtors
331
-
6. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
683
2,154
Taxation and social security
2,027
447
Other creditors
870
2,284
3,580
4,885
7. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft (secured)
9,213
10,000
8. Average number of persons employed
During the year the average number of employees was 2 (2020 : 2)
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