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REGISTERED NUMBER: SC747795 (Scotland)






































SH Deli Limited

Unaudited Financial Statements

for the period

19th October 2022 to 31st August 2023






SH Deli Limited (Registered number: SC747795)






Contents of the Financial Statements
for the period 19th October 2022 to 31st August 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


SH Deli Limited

Company Information
for the period 19th October 2022 to 31st August 2023







Director: S Hunter





Registered office: 44 Bridge Street
Kelso
Roxburghshire
TD5 7JD





Registered number: SC747795 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

SH Deli Limited (Registered number: SC747795)

Balance Sheet
31st August 2023

Notes £    £   
Fixed assets
Tangible assets 4 16,387

Current assets
Stocks 7,250
Debtors 5 16,605
Cash at bank and in hand 98,178
122,033
Creditors
Amounts falling due within one year 6 126,664
Net current liabilities (4,631 )
Total assets less current liabilities 11,756

Provisions for liabilities 963
Net assets 10,793

Capital and reserves
Called up share capital 100
Retained earnings 10,693
10,793

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd April 2024 and were signed by:




S Hunter - Director


SH Deli Limited (Registered number: SC747795)

Notes to the Financial Statements
for the period 19th October 2022 to 31st August 2023

1. Statutory information

SH Deli 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.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

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.
Fixtures and fittings - 15% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, other loans and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SH Deli Limited (Registered number: SC747795)

Notes to the Financial Statements - continued
for the period 19th October 2022 to 31st August 2023

2. Accounting policies - continued
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 period 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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the period was 11 .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
Additions 17,414
At 31st August 2023 17,414
Depreciation
Charge for period 1,027
At 31st August 2023 1,027
Net book value
At 31st August 2023 16,387

SH Deli Limited (Registered number: SC747795)

Notes to the Financial Statements - continued
for the period 19th October 2022 to 31st August 2023

5. Debtors: amounts falling due within one year
£   
Amounts owed by associates 9,646
Other debtors 6,959
16,605

6. Creditors: amounts falling due within one year
£   
Trade creditors 18,331
Amounts owed to associates 79,543
Taxation and social security 25,042
Other creditors 3,748
126,664

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 31st August 2023:

£   
S Hunter
Balance outstanding at start of period -
Amounts advanced 17,654
Amounts repaid (12,451 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 5,203

This loan is unsecured and repayable on demand. No interest has been charged as the loan is below the HMRC reporting level.