Registered number
SC589455
ROXYS DESSERTS LTD
190 Main Street
Blantyre
Filleted Accounts
for the year ended 31 March 2023
Yousaf & Co Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: R139
ROXYS DESSERTS LTD
Registered number: SC589455
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 13,952 11,684
Current assets
Stocks 6,213 6,784
Debtors 4 955 1,273
Cash at bank and in hand 9,318 6,297
16,486 14,354
Creditors: amounts falling due within one year 5 (7,936) (7,527)
Net current assets / (liabilities) 8,550 6,827
Total assets less current assets 22,502 18,511
Creditors: amounts falling due after more than one year 6 (154,666) (126,952)
Net assets/(liabilities) (132,164) (108,441)
Capital and reserves
Called up share capital 100 100
Profit and loss account (132,264) (108,541)
Shareholders' funds (132,164) (108,441)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Rukhsana Razzaq
Director
Approved by the board on 2 October 2023
ROXYS DESSERTS LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 7
3 Tangible fixed assets
Fixture & fittings Motor vehicles Total
£ £ £
Cost
At 1 April 2022 14,916 1,800 16,716
Additions 3,818 - 3,818
At 31 March 2023 18,734 1,800 20,534
Depreciation
At 1 April 2022 4,852 180 5,032
Charge for the year 1,388 162 1,550
At 31 March 2023 6,240 342 6,582
Net book value
At 31 March 2023 12,494 1,458 13,952
At 31 March 2022 10,064 1,620 11,684
4 Debtors 2023 2022
£ £
Trade debtors 134 231
Other debtors 821 1,042
955 1,273
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,455 4,982
Taxation and social security costs 2,936 1,001
Other creditors 1,545 1,544
7,936 7,527
6 Creditors: amounts falling due after one year 2023 2022
£ £
Non-equity preference shares 120 -
Bank loans (BBL) 32,500 42,500
Directors' loan account 122,046 84,452
154,666 126,952
190 Main Street
Blantyre
G72 0ET
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