Company Registration No. SC630846 (Scotland)
90 Minute Cynic Limited
Unaudited accounts
for the year ended 31 May 2023
90 Minute Cynic Limited
Unaudited accounts
Contents
90 Minute Cynic Limited
Company Information
for the year ended 31 May 2023
Director
Christopher Patrick Gallagher
Company Number
SC630846 (Scotland)
Registered Office
46 Grenville Drive
Cambuslang
Glasgow
G72 8DP
Scotland
90 Minute Cynic Limited
Statement of financial position
as at 31 May 2023
Tangible assets
2,662
4,778
Cash at bank and in hand
9,542
9,290
Creditors: amounts falling due within one year
(5,528)
(7,006)
Net current assets
10,371
7,508
Called up share capital
1
1
Profit and loss account
13,032
12,285
Shareholders' funds
13,033
12,286
For the year ending 31 May 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 14 February 2024 and were signed on its behalf by
Christopher Patrick Gallagher
Director
Company Registration No. SC630846
90 Minute Cynic Limited
Notes to the Accounts
for the year ended 31 May 2023
90 Minute Cynic Limited is a private company, limited by shares, registered in Scotland, registration number SC630846. The registered office is 46 Grenville Drive, Cambuslang, Glasgow, G72 8DP, Scotland.
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 year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
20% Straight line
Computer equipment
33% Straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
7,433
2,082
9,515
At 31 May 2023
7,433
2,082
9,515
At 1 June 2022
3,285
1,452
4,737
Charge for the year
1,486
630
2,116
At 31 May 2023
4,771
2,082
6,853
At 31 May 2023
2,662
-
2,662
At 31 May 2022
4,148
630
4,778
Amounts falling due within one year
90 Minute Cynic Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,678
1,942
Loans from directors
1,638
1,638
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).