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REGISTERED NUMBER: SC654372 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

NITSHILL FAST FOODS LTD

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NITSHILL FAST FOODS LTD

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTOR: R Singh





REGISTERED OFFICE: 1 Macdowall Street
Suite 3.1
Paisley
PA3 2NB





REGISTERED NUMBER: SC654372 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 124,600 142,400
Tangible assets 5 55,418 60,557
180,018 202,957

CURRENT ASSETS
Debtors 6 - 746
Cash at bank 758 1,422
758 2,168
CREDITORS
Amounts falling due within one year 7 52,083 57,562
NET CURRENT LIABILITIES (51,325 ) (55,394 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,693

147,563

CREDITORS
Amounts falling due after more than one year 8 208,974 213,044
NET LIABILITIES (80,281 ) (65,481 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (80,282 ) (65,482 )
(80,281 ) (65,481 )

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.

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

BALANCE SHEET - 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 28 November 2023 and were signed by:





R Singh - Director


NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Nitshill Fast Foods 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten 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.
Land and buildings - not provided
Plant and machinery etc - 20% on cost

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 NIL (2022 - 9 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 178,000
AMORTISATION
At 1 March 2022 35,600
Charge for year 17,800
At 28 February 2023 53,400
NET BOOK VALUE
At 28 February 2023 124,600
At 28 February 2022 142,400

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 45,000 25,696 70,696
DEPRECIATION
At 1 March 2022 - 10,139 10,139
Charge for year - 5,139 5,139
At 28 February 2023 - 15,278 15,278
NET BOOK VALUE
At 28 February 2023 45,000 10,418 55,418
At 28 February 2022 45,000 15,557 60,557

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors - 746

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 16,734 18,178
Trade creditors 1,801 1
Taxation and social security - 235
Other creditors 33,548 39,148
52,083 57,562

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 114,299 130,869
Other creditors 94,675 82,175
208,974 213,044

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 82,175 -

Repayable by instalments
Bank loans more 5 yr by instal 47,363 58,158

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 131,033 149,047

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 28th February 2023, the director is owed £19,548 by the company (2022 - £37,648). The loan is interest free with no fixed date for repayment.