IRIS Accounts Production v23.1.0.753 SC494615 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false ORDINARY 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4946152022-03-31SC4946152023-03-31SC4946152022-04-012023-03-31SC4946152021-03-31SC4946152021-04-012022-03-31SC4946152022-03-31SC494615ns16:Scotland2022-04-012023-03-31SC494615ns15:PoundSterling2022-04-012023-03-31SC494615ns11:Director12022-04-012023-03-31SC494615ns11:PrivateLimitedCompanyLtd2022-04-012023-03-31SC494615ns11:SmallEntities2022-04-012023-03-31SC494615ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC494615ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC494615ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC494615ns11:FullAccounts2022-04-012023-03-31SC49461512022-04-012023-03-31SC494615ns11:OrdinaryShareClass12022-04-012023-03-31SC494615ns11:Director22022-04-012023-03-31SC494615ns11:RegisteredOffice2022-04-012023-03-31SC494615ns6:CurrentFinancialInstruments2023-03-31SC494615ns6:CurrentFinancialInstruments2022-03-31SC494615ns6:ShareCapital2023-03-31SC494615ns6:ShareCapital2022-03-31SC494615ns6:RetainedEarningsAccumulatedLosses2023-03-31SC494615ns6:RetainedEarningsAccumulatedLosses2022-03-31SC494615ns6:NetGoodwill2022-04-012023-03-31SC494615ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC494615ns6:FurnitureFittings2022-04-012023-03-31SC494615ns6:MotorVehicles2022-04-012023-03-31SC494615ns6:NetGoodwill2022-03-31SC494615ns6:NetGoodwill2023-03-31SC494615ns6:NetGoodwill2022-03-31SC494615ns6:FurnitureFittings2022-03-31SC494615ns6:MotorVehicles2022-03-31SC494615ns6:FurnitureFittings2023-03-31SC494615ns6:MotorVehicles2023-03-31SC494615ns6:FurnitureFittings2022-03-31SC494615ns6:MotorVehicles2022-03-31SC494615ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31SC494615ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31SC494615ns11:OrdinaryShareClass12023-03-31SC494615ns6:RetainedEarningsAccumulatedLosses2022-03-31SC494615ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: SC494615 (Scotland)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

A&S Convenience Scotland Ltd

A&S Convenience Scotland Ltd (Registered number: SC494615)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A&S Convenience Scotland Ltd

Company Information
For The Year Ended 31 March 2023







DIRECTORS: A Ali
S Ali





REGISTERED OFFICE: 72 Sheephousehill
Fauldhouse
EH47 9EF





REGISTERED NUMBER: SC494615 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

A&S Convenience Scotland Ltd (Registered number: SC494615)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,000 22,000
Tangible assets 5 10,906 14,540
32,906 36,540

CURRENT ASSETS
Stocks 70,250 65,250
Debtors 6 4,001 4,001
Cash at bank and in hand 261,191 126,164
335,442 195,415
CREDITORS
Amounts falling due within one year 7 74,381 20,553
NET CURRENT ASSETS 261,061 174,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,967

211,402

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 292,967 210,402
SHAREHOLDERS' FUNDS 293,967 211,402

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 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 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 30 June 2023 and were signed on its behalf by:



A Ali - Director


A&S Convenience Scotland Ltd (Registered number: SC494615)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

A&S Convenience Scotland Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

A&S Convenience Scotland Ltd (Registered number: SC494615)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 22,000
NET BOOK VALUE
At 31 March 2023 22,000
At 31 March 2022 22,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 27,318 18,615 45,933
DEPRECIATION
At 1 April 2022 20,631 10,762 31,393
Charge for year 1,671 1,963 3,634
At 31 March 2023 22,302 12,725 35,027
NET BOOK VALUE
At 31 March 2023 5,016 5,890 10,906
At 31 March 2022 6,687 7,853 14,540

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 4,001
Other debtors 4,001 -
4,001 4,001

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 5,008
Trade creditors 4,158 14,798
Tax 29,937 23,895
Social security and other taxes - 187
VAT 11,362 8,062
Directors loan acc 27,094 (33,227 )
Accrued expenses 1,830 1,830
74,381 20,553

A&S Convenience Scotland Ltd (Registered number: SC494615)

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

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 ORDINARY 1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 April 2022 210,402
Profit for the year 126,565
Dividends (44,000 )
At 31 March 2023 292,967