IRIS Accounts Production v23.3.1.45 SC233242 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2332422022-07-31SC2332422023-07-31SC2332422022-08-012023-07-31SC2332422021-07-31SC2332422021-08-012022-07-31SC2332422022-07-31SC233242ns10:Originalns15:Scotland2022-08-012023-07-31SC233242ns14:PoundSterlingns10:Original2022-08-012023-07-31SC233242ns10:Originalns10:Director12022-08-012023-07-31SC233242ns10:Original2022-08-012023-07-31SC233242ns10:Original2023-07-31SC233242ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC233242ns10:Originalns10:SmallEntities2022-08-012023-07-31SC233242ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC233242ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC233242ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-31SC233242ns10:Originalns10:FullAccounts2022-08-012023-07-31SC233242ns10:Original12022-08-012023-07-31SC233242ns10:Originalns10:Director22022-08-012023-07-31SC233242ns10:CompanySecretary1ns10:Original2022-08-012023-07-31SC233242ns10:Originalns10:RegisteredOffice2022-08-012023-07-31SC233242ns10:Original2022-07-31SC233242ns10:Originalns5:CurrentFinancialInstruments2023-07-31SC233242ns10:Originalns5:CurrentFinancialInstruments2022-07-31SC233242ns5:ShareCapitalns10:Original2023-07-31SC233242ns5:ShareCapitalns10:Original2022-07-31SC233242ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-31SC233242ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-31SC233242ns10:Originalns5:NetGoodwill2022-08-012023-07-31SC233242ns10:Originalns5:LandBuildings2022-08-012023-07-31SC233242ns10:Originalns5:PlantMachinery2022-08-012023-07-31SC233242ns10:Original2021-08-012022-07-31SC233242ns10:Originalns5:NetGoodwill2022-07-31SC233242ns10:Originalns5:NetGoodwill2023-07-31SC233242ns10:Originalns5:NetGoodwill2022-07-31SC233242ns10:Originalns5:LandBuildings2022-07-31SC233242ns10:Originalns5:PlantMachinery2022-07-31SC233242ns10:Original2022-07-31SC233242ns10:Originalns5:LandBuildings2023-07-31SC233242ns10:Originalns5:PlantMachinery2023-07-31SC233242ns10:Originalns5:LandBuildings2022-07-31SC233242ns10:Originalns5:PlantMachinery2022-07-31
REGISTERED NUMBER: SC233242 (Scotland)















NANCYSMILLIE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






NANCYSMILLIE LTD (REGISTERED NUMBER: SC233242)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NANCYSMILLIE LTD

COMPANY INFORMATION
For The Year Ended 31 July 2023







DIRECTORS: Ms N Smillie
W C Atkinson





SECRETARY: Ms N Smillie





REGISTERED OFFICE: 53 Cresswell Street
Glasgow
G12 8AE





REGISTERED NUMBER: SC233242 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

NANCYSMILLIE LTD (REGISTERED NUMBER: SC233242)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,642 6,169
5,642 6,169

CURRENT ASSETS
Stocks 91,000 81,150
Debtors 6 12,940 11,747
Cash at bank 905,601 791,791
1,009,541 884,688
CREDITORS
Amounts falling due within one year 7 111,079 85,644
NET CURRENT ASSETS 898,462 799,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

904,104

805,213

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 904,004 805,113
SHAREHOLDERS' FUNDS 904,104 805,213

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 19 December 2023 and were signed on its behalf by:



Ms N Smillie - Director


NANCYSMILLIE LTD (REGISTERED NUMBER: SC233242)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023


1. STATUTORY INFORMATION

Nancysmillie 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 represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

Government grants
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and credited to the profit and loss account over the estimated useful life of the assets to which they relate.

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 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 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.

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 9 (2022 - 9 ) .

NANCYSMILLIE LTD (REGISTERED NUMBER: SC233242)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 200,000
AMORTISATION
At 1 August 2022
and 31 July 2023 200,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 4,919 35,931 40,850
Additions - 1,600 1,600
At 31 July 2023 4,919 37,531 42,450
DEPRECIATION
At 1 August 2022 2,542 32,139 34,681
Charge for year 492 1,635 2,127
At 31 July 2023 3,034 33,774 36,808
NET BOOK VALUE
At 31 July 2023 1,885 3,757 5,642
At 31 July 2022 2,377 3,792 6,169

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 12,940 11,747

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 23,558 19,664
Taxation and social security 50,045 38,045
Other creditors 37,476 27,935
111,079 85,644

NANCYSMILLIE LTD (REGISTERED NUMBER: SC233242)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


8. RELATED PARTY DISCLOSURES

At 31 July 2023 the company's directors had provided the company with interest free loans of £20,148 (2022, £8,724). There are no fixed repayment terms for these loans which are included in other creditors.