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REGISTERED NUMBER: SC523139 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

FOR

SIMPLY DELICIOUS (KEITH) LIMITED

SIMPLY DELICIOUS (KEITH) LIMITED (REGISTERED NUMBER: SC523139)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIMPLY DELICIOUS (KEITH) LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2022







DIRECTOR: A J Sutherland





SECRETARY:





REGISTERED OFFICE: 65 Moss Street
Keith
AB55 5HE





REGISTERED NUMBER: SC523139 (Scotland)





ACCOUNTANT: TAXWRIGHT LTD
65 Moss Street
Keith
Moray
AB55 5HE

SIMPLY DELICIOUS (KEITH) LIMITED (REGISTERED NUMBER: SC523139)

BALANCE SHEET
31 January 2022

31/1/22 31/1/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,500 51,500
Tangible assets 5 9,136 12,179
60,636 63,679

CURRENT ASSETS
Stocks 1,768 2,738
Debtors 6 12,296 8,435
14,064 11,173
CREDITORS
Amounts falling due within one year 7 117,065 120,300
NET CURRENT LIABILITIES (103,001 ) (109,127 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(42,365

)

(45,448

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (42,465 ) (45,548 )
(42,365 ) (45,448 )

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

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

The director acknowledges his 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 director and authorised for issue on 8 August 2022 and were signed by:





A J Sutherland - Director


SIMPLY DELICIOUS (KEITH) LIMITED (REGISTERED NUMBER: SC523139)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2022

1. STATUTORY INFORMATION

Simply Delicious (Keith) 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.

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 nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

SIMPLY DELICIOUS (KEITH) LIMITED (REGISTERED NUMBER: SC523139)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2021
and 31 January 2022 51,500
NET BOOK VALUE
At 31 January 2022 51,500
At 31 January 2021 51,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2021
and 31 January 2022 49,305
DEPRECIATION
At 1 February 2021 37,126
Charge for year 3,043
At 31 January 2022 40,169
NET BOOK VALUE
At 31 January 2022 9,136
At 31 January 2021 12,179

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/22 31/1/21
£    £   
Trade debtors 10,363 6,891
Other debtors 1,933 1,544
12,296 8,435

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/22 31/1/21
£    £   
Bank loans and overdrafts 6,522 9,957
Other creditors 110,543 110,343
117,065 120,300