Silverfin false 31/01/2023 01/02/2022 31/01/2023 Hana Elizabeth Robertson 28/01/2022 Mark Robertson 03/01/2018 26 October 2023 The principal activity of the Company during the financial year was the retail sale of textiles and clothing. SC584632 2023-01-31 SC584632 bus:Director1 2023-01-31 SC584632 bus:Director2 2023-01-31 SC584632 2022-01-31 SC584632 core:CurrentFinancialInstruments 2023-01-31 SC584632 core:CurrentFinancialInstruments 2022-01-31 SC584632 core:ShareCapital 2023-01-31 SC584632 core:ShareCapital 2022-01-31 SC584632 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC584632 core:RetainedEarningsAccumulatedLosses 2022-01-31 SC584632 core:OtherResidualIntangibleAssets 2022-01-31 SC584632 core:OtherResidualIntangibleAssets 2023-01-31 SC584632 core:OtherPropertyPlantEquipment 2022-01-31 SC584632 core:OtherPropertyPlantEquipment 2023-01-31 SC584632 bus:OrdinaryShareClass1 2023-01-31 SC584632 bus:OrdinaryShareClass2 2023-01-31 SC584632 2022-02-01 2023-01-31 SC584632 bus:FullAccounts 2022-02-01 2023-01-31 SC584632 bus:SmallEntities 2022-02-01 2023-01-31 SC584632 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 SC584632 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 SC584632 bus:Director1 2022-02-01 2023-01-31 SC584632 bus:Director2 2022-02-01 2023-01-31 SC584632 core:OtherResidualIntangibleAssets core:BottomRangeValue 2022-02-01 2023-01-31 SC584632 core:OtherResidualIntangibleAssets core:TopRangeValue 2022-02-01 2023-01-31 SC584632 core:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 SC584632 2021-02-01 2022-01-31 SC584632 core:OtherResidualIntangibleAssets 2022-02-01 2023-01-31 SC584632 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 SC584632 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 SC584632 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 SC584632 bus:OrdinaryShareClass2 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC584632 (Scotland)

ROBERTSONS OF SCOTLAND LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH THE REGISTRAR

ROBERTSONS OF SCOTLAND LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023

Contents

ROBERTSONS OF SCOTLAND LTD

BALANCE SHEET

AS AT 31 JANUARY 2023
ROBERTSONS OF SCOTLAND LTD

BALANCE SHEET (continued)

AS AT 31 JANUARY 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 3,158 2,597
Tangible assets 4 3,005 3,518
6,163 6,115
Current assets
Stocks 5 29,993 28,855
Debtors 6 1,002 4,801
Cash at bank and in hand 7 745 16,790
31,740 50,446
Creditors: amounts falling due within one year 8 ( 77,876) ( 73,024)
Net current liabilities (46,136) (22,578)
Total assets less current liabilities (39,973) (16,463)
Net liabilities ( 39,973) ( 16,463)
Capital and reserves
Called-up share capital 9 1 1
Profit and loss account ( 39,974 ) ( 16,464 )
Total shareholders' deficit ( 39,973) ( 16,463)

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Robertsons Of Scotland Ltd (registered number: SC584632) were approved and authorised for issue by the Director on 26 October 2023. They were signed on its behalf by:

Mark Robertson
Director
ROBERTSONS OF SCOTLAND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
ROBERTSONS OF SCOTLAND LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Robertsons Of Scotland Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Loch Leven Cottage Moray Street, Blackford, Auchterarder, PH4 1PY, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £39,973. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for the sale of luxury knitwear clothing net of VAT and trade discounts.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 - 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 February 2022 3,086 3,086
Additions 900 900
At 31 January 2023 3,986 3,986
Accumulated amortisation
At 01 February 2022 489 489
Charge for the financial year 339 339
At 31 January 2023 828 828
Net book value
At 31 January 2023 3,158 3,158
At 31 January 2022 2,597 2,597

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2022 7,597 7,597
Additions 451 451
At 31 January 2023 8,048 8,048
Accumulated depreciation
At 01 February 2022 4,079 4,079
Charge for the financial year 964 964
At 31 January 2023 5,043 5,043
Net book value
At 31 January 2023 3,005 3,005
At 31 January 2022 3,518 3,518

5. Stocks

2023 2022
£ £
Stocks 29,993 28,855

6. Debtors

2023 2022
£ £
Trade debtors 3 18
Other debtors 999 4,783
1,002 4,801

7. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 745 16,790

8. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,842 20,736
Other creditors 76,034 52,288
77,876 73,024

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50 Ordinary A Shares shares of £ 0.01 each 0.50 0.50
50 Ordinary B Shares shares of £ 0.01 each 0.50 0.50
1.00 1.00

10. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts due to directors 73,570 49,340

The loans are unsecured, interest free and have no fixed terms of repayment.