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REGISTERED NUMBER: SC376181 (Scotland)















Unaudited Financial Statements for the Year Ended 31st May 2023

for

Sugar and Spice (Troon) Ltd

Sugar and Spice (Troon) Ltd (Registered number: SC376181)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sugar and Spice (Troon) Ltd

Company Information
for the Year Ended 31st May 2023







DIRECTOR: Mrs A N Davidson





REGISTERED OFFICE: 15 Academy Street
Troon
Ayrshire
KA10 6HR





REGISTERED NUMBER: SC376181 (Scotland)





ACCOUNTANTS: Stevenson Ferguson & Company Limited
15 Parish Gardens
SYMINGTON
Ayrshire
KA1 5SB

Sugar and Spice (Troon) Ltd (Registered number: SC376181)

Balance Sheet
31st May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,600 16,700

CURRENT ASSETS
Stocks 2,420 3,340
Debtors 5 11,446 4,681
Cash at bank and in hand 60,295 80,464
74,161 88,485
CREDITORS
Amounts falling due within one year 6 35,763 46,194
NET CURRENT ASSETS 38,398 42,291
TOTAL ASSETS LESS CURRENT LIABILITIES 48,998 58,991

CREDITORS
Amounts falling due after more than one year 7 (17,503 ) (25,326 )

PROVISIONS FOR LIABILITIES 8 (1,850 ) (2,973 )
NET ASSETS 29,645 30,692

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 29,544 30,591
SHAREHOLDERS' FUNDS 29,645 30,692

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 1st August 2023 and were signed by:





Mrs A N Davidson - Director


Sugar and Spice (Troon) Ltd (Registered number: SC376181)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Sugar and Spice (Troon) 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.

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 etc - 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.

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 7 (2022 - 8 ) .

Sugar and Spice (Troon) Ltd (Registered number: SC376181)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 41,788
Disposals (3,400 )
At 31st May 2023 38,388
DEPRECIATION
At 1st June 2022 25,088
Charge for year 3,550
Eliminated on disposal (850 )
At 31st May 2023 27,788
NET BOOK VALUE
At 31st May 2023 10,600
At 31st May 2022 16,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 10,041 3,276
Other debtors 1,405 1,405
11,446 4,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 8,519 8,519
Trade creditors 885 1,439
Taxation and social security 1,936 6,430
Other creditors 24,423 29,806
35,763 46,194

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 17,503 25,326

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 1,850 2,973

Deferred
tax
£   
Balance at 1st June 2022 2,973
Accelerated capital allowances (1,123 )
Balance at 31st May 2023 1,850

Sugar and Spice (Troon) Ltd (Registered number: SC376181)

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

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A N Davidson.