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REGISTERED NUMBER: SC505214 (Scotland)















Financial Statements for the Year Ended 31 May 2023

for

Treasure Tots Ltd

Treasure Tots Ltd (Registered number: SC505214)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Treasure Tots Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Miss S Clarke
Miss C C Hassard





REGISTERED OFFICE: 1160 Tollcross Road
GLASGOW
G32 8HE





REGISTERED NUMBER: SC505214 (Scotland)





ACCOUNTANTS: Rennie Smith & Co
Chartered Accountants
1160 Tollcross Road
Glasgow
G32 8HE

Treasure Tots Ltd (Registered number: SC505214)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,785 2,476
4,785 2,476

CURRENT ASSETS
Debtors 6 1,102 1,026
Cash at bank 55,781 28,145
56,883 29,171
CREDITORS
Amounts falling due within one year 7 24,989 20,248
NET CURRENT ASSETS 31,894 8,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,679

11,399

PROVISIONS FOR LIABILITIES 876 430
NET ASSETS 35,803 10,969

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 35,801 10,967
SHAREHOLDERS' FUNDS 35,803 10,969

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Treasure Tots Ltd (Registered number: SC505214)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





Miss S Clarke - Director


Treasure Tots Ltd (Registered number: SC505214)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Treasure Tots 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 2017, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

Treasure Tots Ltd (Registered number: SC505214)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 20,000
AMORTISATION
At 1 June 2022
and 31 May 2023 20,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022 5,146 548 5,694
Additions 3,514 - 3,514
At 31 May 2023 8,660 548 9,208
DEPRECIATION
At 1 June 2022 2,793 425 3,218
Charge for year 1,174 31 1,205
At 31 May 2023 3,967 456 4,423
NET BOOK VALUE
At 31 May 2023 4,693 92 4,785
At 31 May 2022 2,353 123 2,476

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,102 1,026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 22,892 12,563
Other creditors 2,097 7,685
24,989 20,248

Treasure Tots Ltd (Registered number: SC505214)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1.00 2 2

9. RESERVES
Retained
earnings
£   

At 1 June 2022 10,967
Profit for the year 85,834
Dividends (61,000 )
At 31 May 2023 35,801

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Clarke and C Hassard..