Company Registration No. SC325136 (Scotland)
Cabin Shoes Limited
Unaudited accounts
for the period from 1 July 2022 to 31 July 2023
Cabin Shoes Limited
Unaudited accounts
Contents
Cabin Shoes Limited
Company Information
for the period from 1 July 2022 to 31 July 2023
Directors
Anthony Cochrane
Simon Rutherford
Leesa Marie Kilcollins
Company Number
SC325136 (Scotland)
Registered Office
7 Benview Road
Tain
Ross-Shire
IV19 1LW
Scotland
Accountants
Julie Thatcher Bookkeeping & Accountancy
88 Herne Bay Road
Whitstable
Kent
CT5 2LX
Cabin Shoes Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
728
7,402
Creditors: amounts falling due within one year
(14,051)
(21,414)
Net current liabilities
(13,323)
(6,240)
Total assets less current liabilities
(13,323)
(5,955)
Creditors: amounts falling due after more than one year
-
(2,350)
Net liabilities
(13,323)
(8,305)
Called up share capital
300
300
Profit and loss account
(13,623)
(8,605)
Shareholders' funds
(13,323)
(8,305)
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by
Simon Rutherford
Director
Company Registration No. SC325136
Cabin Shoes Limited
Notes to the Accounts
for the period from 1 July 2022 to 31 July 2023
Cabin Shoes Limited is a private company, limited by shares, registered in Scotland, registration number SC325136. The registered office is 7 Benview Road, Tain, Ross-Shire, IV19 1LW, Scotland. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Other tangible fixed assets
25% on reducing balance
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Cabin Shoes Limited
Notes to the Accounts
for the period from 1 July 2022 to 31 July 2023
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable and deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against those which taxable timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity respectively.
The accounts are presented in £ sterling.
Cabin Shoes Limited is a private company, limited by shares, incorporated in Scotland, registered number SC325136. The registered office is 7 Benview Road, Tain, Ross-Shire, Scotland, IV19 1LW.
4
Tangible fixed assets
Total
5
Average number of employees
During the period the average number of employees was 0 (2022: 0).