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REGISTERED NUMBER: NI614135 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

SCARPA NORTHWEST LTD

SCARPA NORTHWEST LTD (REGISTERED NUMBER: NI614135)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

SCARPA NORTHWEST LTD

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2023







DIRECTOR: Mrs P Egan



REGISTERED OFFICE: 28A High Street
Omagh
Co. Tyrone
BT78 1BQ



REGISTERED NUMBER: NI614135 (Northern Ireland)



ACCOUNTANTS: Patton Rainey and Associates
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Ulster Bank Limited
16 Darling Street
Enniskillen
Co. Fermanagh
BT74 7ER

SCARPA NORTHWEST LTD (REGISTERED NUMBER: NI614135)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,187 1,902

CURRENT ASSETS
Stocks 5 90,578 32,843
Debtors 6 8,635 1,000
Cash at bank and in hand 26,309 78,250
125,522 112,093
CREDITORS
Amounts falling due within one year 7 18,973 30,482
NET CURRENT ASSETS 106,549 81,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,736

83,513

CREDITORS
Amounts falling due after more than one year 8 (15,161 ) -

PROVISIONS FOR LIABILITIES (7,547 ) (881 )
NET ASSETS 114,028 82,632

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 114,027 82,631
114,028 82,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

SCARPA NORTHWEST LTD (REGISTERED NUMBER: NI614135)

BALANCE SHEET - continued
31 AUGUST 2023


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 29 September 2023 and were signed by:





Mrs P Egan - Director


SCARPA NORTHWEST LTD (REGISTERED NUMBER: NI614135)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023


1. STATUTORY INFORMATION

Scarpa Northwest Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Fixtures & Fittings - 25% on reducing balance
Motor Vehicles - 25% 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.

SCARPA NORTHWEST LTD (REGISTERED NUMBER: NI614135)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2022 3,311 - 3,311
Additions - 38,349 38,349
At 31 August 2023 3,311 38,349 41,660
DEPRECIATION
At 1 September 2022 1,409 - 1,409
Charge for year 476 9,588 10,064
At 31 August 2023 1,885 9,588 11,473
NET BOOK VALUE
At 31 August 2023 1,426 28,761 30,187
At 31 August 2022 1,902 - 1,902

SCARPA NORTHWEST LTD (REGISTERED NUMBER: NI614135)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 38,349
At 31 August 2023 38,349
DEPRECIATION
Charge for year 9,588
At 31 August 2023 9,588
NET BOOK VALUE
At 31 August 2023 28,761

5. STOCKS
31.8.23 31.8.22
£    £   
Stocks 90,578 32,843

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
VAT 8,635 -
Prepayments and accrued income - 1,000
8,635 1,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 13,995 -
Tax 823 3,879
Social security and other taxes 367 4,852
VAT - 17,851
Accrued expenses 3,788 3,900
18,973 30,482

SCARPA NORTHWEST LTD (REGISTERED NUMBER: NI614135)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 15,161 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Hire purchase contracts 29,156 -

The obligations under finance leases and hire purchase contracts are secured by the assets to which the agreement relates.

SCARPA NORTHWEST LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
SCARPA NORTHWEST LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey and Associates
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


29 September 2023