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REGISTERED NUMBER: SC154181 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

The High Street Trading Company Limited

The High Street Trading Company Limited (Registered number: SC154181)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The High Street Trading Company Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: R T Lewis
P Lewis





SECRETARY: T McFarlane





REGISTERED OFFICE: Suites 4 & 5
13 Main Street
Milngavie
Glasgow
G62 6BJ





REGISTERED NUMBER: SC154181 (Scotland)





ACCOUNTANTS: Colin Thomson & Co
Chartered Accountants
23 High Street
Strathmiglo
Fife
KY14 7QA

The High Street Trading Company Limited (Registered number: SC154181)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 917 132

CURRENT ASSETS
Stocks 104,975 141,141
Debtors 5 7,065 2,573
Cash at bank 156,584 150,022
268,624 293,736
CREDITORS
Amounts falling due within one year 6 25,144 40,409
NET CURRENT ASSETS 243,480 253,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,397

253,459

CREDITORS
Amounts falling due after more than one
year

7

41,542

50,107
NET ASSETS 202,855 203,352

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 192,855 193,352
SHAREHOLDERS' FUNDS 202,855 203,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 High Street Trading Company Limited (Registered number: SC154181)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





R T Lewis - Director


The High Street Trading Company Limited (Registered number: SC154181)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The High Street Trading Company 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 etc - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 346
Additions 933
Disposals (346 )
At 28 February 2023 933
DEPRECIATION
At 1 March 2022 214
Charge for year 44
Eliminated on disposal (242 )
At 28 February 2023 16
NET BOOK VALUE
At 28 February 2023 917
At 28 February 2022 132

The High Street Trading Company Limited (Registered number: SC154181)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 7,065 2,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,995 10,881
Taxation and social security 5,021 14,419
Other creditors 7,128 5,109
25,144 40,409

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans 26,667 36,667
Other creditors 14,875 13,440
41,542 50,107

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling related party is R T Lewis a director of the company.