Registered number
SC723314
Babes In The Womb Scotland Ltd
Filleted Accounts
28 February 2023
Babes In The Womb Scotland Ltd
Registered number: SC723314
Balance Sheet
as at 28 February 2023
Notes 2023
£
Fixed assets
Intangible assets 3 12,000
Current assets
Debtors 4 3,549
Cash at bank and in hand 917
4,466
Creditors: amounts falling due within one year 5 (12,909)
Net current liabilities (8,443)
Net assets 3,557
Capital and reserves
Called up share capital 2
Profit and loss account 3,555
Shareholders' funds 3,557
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Darren Perry
Director
Approved by the board on 15 February 2024
Babes In The Womb Scotland Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 7
3 Intangible fixed assets £
Goodwill:
Cost
Additions 12,000
At 28 February 2023 12,000
Amortisation
At 28 February 2023 -
Net book value
At 28 February 2023 12,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2023
£
Other debtors 3,549
5 Creditors: amounts falling due within one year 2023
£
Taxation and social security costs 12,909
6 Other information
Babes In The Womb Scotland Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
600 (2f1) Gorgie Road
Edinburgh
EH11 3XP
Babes In The Womb Scotland Ltd SC723314 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 release 2 Darren Perry No description of principal activity SC723314 2022-03-01 2023-02-28 SC723314 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC723314 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 SC723314 bus:Director40 2022-03-01 2023-02-28 SC723314 1 2022-03-01 2023-02-28 SC723314 2 2022-03-01 2023-02-28 SC723314 core:Goodwill 2022-03-01 2023-02-28 SC723314 countries:England 2022-03-01 2023-02-28 SC723314 bus:FRS102 2022-03-01 2023-02-28 SC723314 bus:FullAccounts 2022-03-01 2023-02-28 SC723314 2023-02-28 SC723314 core:WithinOneYear 2023-02-28 SC723314 core:ShareCapital 2023-02-28 SC723314 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC723314 core:Goodwill 2023-02-28 SC723314 2022-02-28 iso4217:GBP xbrli:pure