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REGISTERED NUMBER: SC461693 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

T J Fryers Limited

T J Fryers Limited (Registered number: SC461693)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T J Fryers Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: G Loia





REGISTERED OFFICE: 4 Motherwell Street
Airdrie
ML6 7HU





REGISTERED NUMBER: SC461693 (Scotland)





ACCOUNTANTS: Dunellan Accountancy Limited
24 Chapel Street
Airdrie
ML6 6LG

T J Fryers Limited (Registered number: SC461693)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,294 18,893

CURRENT ASSETS
Stocks 5 6,403 7,198
Debtors 6 16,847 2,831
Cash at bank and in hand 39,454 106,749
62,704 116,778
CREDITORS
Amounts falling due within one year 7 57,467 57,763
NET CURRENT ASSETS 5,237 59,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,531

77,908

CREDITORS
Amounts falling due after more than one
year

8

23,432

33,162
NET ASSETS 99 44,746

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 98 44,745
99 44,746

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

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

T J Fryers Limited (Registered number: SC461693)

Balance Sheet - continued
31 March 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 15 November 2023 and were signed by:





G Loia - Director


T J Fryers Limited (Registered number: SC461693)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

T J Fryers 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 - 15% on reducing balance
Computer equipment - 20% 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.

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. The charge for the year is £1,815 (2022 £1,581)

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 17 ) .

T J Fryers Limited (Registered number: SC461693)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 38,579 2,054 40,633
Additions 1,540 855 2,395
At 31 March 2023 40,119 2,909 43,028
DEPRECIATION
At 1 April 2022 20,391 1,349 21,740
Charge for year 2,767 227 2,994
At 31 March 2023 23,158 1,576 24,734
NET BOOK VALUE
At 31 March 2023 16,961 1,333 18,294
At 31 March 2022 18,188 705 18,893

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 6,403 7,198

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 7,198 -
Prepayments 9,649 2,831
16,847 2,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 6,080 6,217
Tax 5,754 18,100
Social security and other taxes 1,334 2,773
VAT 29,664 16,081
Directors' current accounts - 628
Accrued expenses 3,987 3,316
57,467 57,763

T J Fryers Limited (Registered number: SC461693)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 9,784 19,514
Other creditors 3,000 3,000
23,432 33,162

9. RESERVES
Retained
earnings
£   

At 1 April 2022 44,745
Profit for the year 24,653
Dividends (69,300 )
At 31 March 2023 98

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £nil (2022 £628).

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £69,300 (2022 - £49,499) were paid to the directors .

The company was under the control of Mr G Loia throughout the current and previous year. Mr Loia holds 100% of the issued share capital.

Family loans totalling £3,000 (2022 £3,000) remain outstanding at the year end.