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REGISTERED NUMBER: SC563385 (Scotland)


















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Chrystal's Shortbread Ltd

Chrystal's Shortbread Ltd (Registered number: SC563385)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chrystal's Shortbread Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: R Mackinlay
Ms C Wylie





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP





REGISTERED NUMBER: SC563385 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Chrystal's Shortbread Ltd (Registered number: SC563385)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,904 8,873

CURRENT ASSETS
Stocks 4,300 4,300
Debtors 5 61,259 59,111
Cash at bank 28,370 11,127
93,929 74,538
CREDITORS
Amounts falling due within one year 6 93,082 72,555
NET CURRENT ASSETS 847 1,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,751

10,856

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,651 10,756
8,751 10,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 31 August 2023 and were signed on its behalf by:





Ms C Wylie - Director


Chrystal's Shortbread Ltd (Registered number: SC563385)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Chrystal's Shortbread 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 - 33% on cost and 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.

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 6 (2022 - 6 ) .

Chrystal's Shortbread Ltd (Registered number: SC563385)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 19,667
Additions 2,100
At 30 April 2023 21,767
DEPRECIATION
At 1 May 2022 10,794
Charge for year 3,069
At 30 April 2023 13,863
NET BOOK VALUE
At 30 April 2023 7,904
At 30 April 2022 8,873

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 58,747 44,691
Other debtors 2,512 14,420
61,259 59,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 8,117 9,464
Taxation and social security 30,876 19,913
Other creditors 54,089 43,178
93,082 72,555

7. CONTINGENT LIABILITIES

As at 30 April 2023 the company had no contingent liabilities (2022 - £nil).

8. CAPITAL COMMITMENTS

As at 30 April 2023 the company had no capital commitments (2022 - £nil).

Chrystal's Shortbread Ltd (Registered number: SC563385)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. RELATED PARTY DISCLOSURES

At 30 April 2023 included in other debtors is a balance due from Mr R MacKinlay amounting to £1,156 (2022 - £10,335) and in other creditors balance due to Ms C Wylie amounting to £53,505 (2022 - £41,755), directors of the company. No fixed repayments or interest is charged theron.

During the year as in previous years, the company was under the control of Ms C Wylie.