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REGISTERED NUMBER: 03706909 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

THE SCENE STORE LIMITED

THE SCENE STORE LIMITED (REGISTERED NUMBER: 03706909)

Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


THE SCENE STORE LIMITED

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr J P Green





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 03706909 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

THE SCENE STORE LIMITED (REGISTERED NUMBER: 03706909)

Statement of Financial Position
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,622 2,687
4,622 2,687

CURRENT ASSETS
Stocks - 3,980
Debtors 6 29,440 54,504
Cash at bank and in hand 37,449 14,572
66,889 73,056
CREDITORS
Amounts falling due within one year 7 (34,124 ) (35,199 )
NET CURRENT ASSETS 32,765 37,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,387

40,544

CREDITORS
Amounts falling due after more than one
year

8

-

(40,417

)
NET ASSETS 37,387 127

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 37,385 125
SHAREHOLDERS' FUNDS 37,387 127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

THE SCENE STORE LIMITED (REGISTERED NUMBER: 03706909)

Statement of Financial Position - continued
28 FEBRUARY 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 20 November 2023 and were signed by:





Mr J P Green - Director


THE SCENE STORE LIMITED (REGISTERED NUMBER: 03706909)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

The Scene Store Limited is a private company, limited by shares , registered in England and Wales. 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 2012, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

THE SCENE STORE LIMITED (REGISTERED NUMBER: 03706909)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 20,000
AMORTISATION
At 1 March 2022
and 28 February 2023 20,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022 6,944 10,007 16,951
Additions - 3,199 3,199
At 28 February 2023 6,944 13,206 20,150
DEPRECIATION
At 1 March 2022 6,012 8,252 14,264
Charge for year 186 1,078 1,264
At 28 February 2023 6,198 9,330 15,528
NET BOOK VALUE
At 28 February 2023 746 3,876 4,622
At 28 February 2022 932 1,755 2,687

THE SCENE STORE LIMITED (REGISTERED NUMBER: 03706909)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 29,440 26,649
Other debtors - 27,855
29,440 54,504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 73 9,709
Trade creditors 991 4,899
Taxation and social security 30,091 17,624
Other creditors 2,969 2,967
34,124 35,199

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 40,417

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 March 2022 125
Profit for the year 85,910
Dividends (48,650 )
At 28 February 2023 37,385

THE SCENE STORE LIMITED (REGISTERED NUMBER: 03706909)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr J P Green
Balance outstanding at start of year 24,166 (1,830 )
Amounts advanced 114,258 160,614
Amounts repaid (138,463 ) (134,618 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (39 ) 24,166

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,825 (2022 - £34,875) were paid to the director .