Registered number
SC694367
SS DESSERTS LIMITED
Unit C Schawpark Avenue
Alloa
Filleted Accounts
for the period from 1 May 2022 to 31 March 2023
Yousaf & Co. Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref:S555/TM
SS DESSERTS LIMITED
Registered number: SC694367
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,235 4,201
Current assets
Stocks 3,394 4,458
Debtors 4 4,926 4,549
Cash at bank and in hand 3,817 1,860
12,137 10,867
Creditors: amounts falling due within one year 5 (7,055) (7,877)
Net current assets 5,082 2,990
Total assets less current liabilities 12,317 7,191
Creditors: amounts falling due after more than one year 6 (2,050) (4,256)
Net assets 10,267 2,935
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,167 2,835
Shareholder's funds 10,267 2,935
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Shahzad Arshad
Director
Approved by the board on 1 September 2023
SS DESSERTS LIMITED
Notes to the Accounts
for the period from 1 May 2022 to 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 basis
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), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 17 18
3 Tangible fixed assets
Fixture and Fittings etc.
£
Cost
At 1 May 2022 4,668
Additions 3,838
At 31 March 2023 8,506
Depreciation
At 1 May 2022 467
Charge for the period 804
At 31 March 2023 1,271
Net book value
At 31 March 2023 7,235
At 30 April 2022 4,201
4 Debtors 2023 2022
£ £
Trade debtors 4,926 4,549
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 871 1,782
Taxation and social security costs 5,683 5,157
Other creditors 501 938
7,055 7,877
6 Creditors: amounts falling due after one year 2023 2022
£ £
Director's account 483 4,256
Loan from SSJ Retail Ltd 1,567 -
2,050 4,256
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