Registered number
SC593994
ST MIRREN LIMITED
Filleted Accounts
30 November 2022
ST MIRREN LIMITED
Registered number: SC593994
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 8,383 9,315
8,383 9,315
Current assets
Stocks 33,820 15,575
Cash at bank and in hand 16,352 15,212
50,172 30,787
Creditors: amounts falling due within one year 4 (28,717) (18,024)
Net current assets 21,455 12,763
Total assets less current liabilities 29,838 22,078
Net assets 29,838 22,078
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,738 21,978
Shareholder's funds 29,838 22,078
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.
JALIL AHMAD
Director
Approved by the board on 3 November 2023
ST MIRREN LIMITED
Notes to the Accounts
for the year ended 30 November 2022
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.
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 at 10 percent by reducing balance.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Fixtures & Fittings Equipment Total
£ £ £
Cost
At 1 December 2021 5,500 5,400 10,900
Additions - - -
Surplus on revaluation - - -
Disposals - - -
At 30 November 2022 5,500 5,400 10,900
Depreciation
At 1 December 2021 1,045 540 1,585
Charge for the year 446 486 932
Surplus on revaluation - - -
On disposals - - -
At 30 November 2022 1,491 1,026 2,517
Net book value
At 30 November 2022 4,009 4,374 8,383
At 30 November 2021 4,455 4,860 9,315
4 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 25,849 15,156
Other creditors 2,868 2,868
28,717 18,024
5 Other information
ST MIRREN LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 Darnley Street
Glasgow
G41 2LL
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