IRIS Accounts Production v23.4.0.336 SC610994 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6109942022-09-30SC6109942023-09-30SC6109942022-10-012023-09-30SC6109942021-09-30SC6109942021-10-012022-09-30SC6109942022-09-30SC610994ns15:Scotland2022-10-012023-09-30SC610994ns14:PoundSterling2022-10-012023-09-30SC610994ns10:Director12022-10-012023-09-30SC610994ns10:PrivateLimitedCompanyLtd2022-10-012023-09-30SC610994ns10:SmallEntities2022-10-012023-09-30SC610994ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-30SC610994ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-30SC610994ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-30SC610994ns10:FullAccounts2022-10-012023-09-30SC610994ns10:Director22022-10-012023-09-30SC610994ns10:RegisteredOffice2022-10-012023-09-30SC610994ns5:CurrentFinancialInstruments2023-09-30SC610994ns5:CurrentFinancialInstruments2022-09-30SC610994ns5:ShareCapital2023-09-30SC610994ns5:ShareCapital2022-09-30SC610994ns5:RetainedEarningsAccumulatedLosses2023-09-30SC610994ns5:RetainedEarningsAccumulatedLosses2022-09-30SC610994ns5:PlantMachinery2022-10-012023-09-30SC610994ns5:PlantMachinery2022-09-30SC610994ns5:PlantMachinery2023-09-30SC610994ns5:PlantMachinery2022-09-30SC610994ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-30SC610994ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-30
REGISTERED NUMBER: SC610994 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Fifty-Seven Degrees North Limited

Fifty-Seven Degrees North Limited (Registered number: SC610994)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fifty-Seven Degrees North Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: G S Hay
Mrs S Hay





REGISTERED OFFICE: Bridgefoot Steading
Inverebrie
Ellon
Aberdeenshire
AB41 8PT





REGISTERED NUMBER: SC610994 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Fifty-Seven Degrees North Limited (Registered number: SC610994)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,857 23,105

CURRENT ASSETS
Stocks 500 -
Debtors 5 2,929 1,036
Cash at bank 32,673 26,873
36,102 27,909
CREDITORS
Amounts falling due within one year 6 4,455 4,128
NET CURRENT ASSETS 31,647 23,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,504

46,886

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,404 46,786
SHAREHOLDERS' FUNDS 51,504 46,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Fifty-Seven Degrees North Limited (Registered number: SC610994)

Balance Sheet - continued
30 September 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 14 March 2024 and were signed on its behalf by:





G S Hay - Director


Fifty-Seven Degrees North Limited (Registered number: SC610994)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Fifty-Seven Degrees North Limited 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.

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 cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 41,434
Additions 4,008
At 30 September 2023 45,442
DEPRECIATION
At 1 October 2022 18,329
Charge for year 7,256
At 30 September 2023 25,585
NET BOOK VALUE
At 30 September 2023 19,857
At 30 September 2022 23,105

Fifty-Seven Degrees North Limited (Registered number: SC610994)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 1,920 -
Other debtors 1,009 1,036
2,929 1,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security 204 (24 )
Other creditors 4,251 4,152
4,455 4,128