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COMPANY REGISTRATION NUMBER: SC260811
Tainsh Grocers Ltd
Filleted Unaudited Financial Statements
For the year ended
31 October 2023
Tainsh Grocers Ltd
Statement of Financial Position
31 October 2023
2023
2022
£
£
£
Fixed assets
7,476
29,601
-------
--------
Current assets
60,999
59,007
Prepayments and accrued income
1,489
1,668
--------
--------
62,488
60,675
Creditors: amounts falling due within one year
24,731
23,740
--------
--------
Net current assets
37,757
36,935
--------
--------
Total assets less current liabilities
45,233
66,536
Creditors: amounts falling due after more than one year
45,186
63,159
Accruals and deferred income
3,340
3,185
--------
--------
(3,293)
192
--------
--------
Capital and reserves
( 3,293)
192
-------
----
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2022: 8 ).
2. Directors' advances, credits and guarantees
The directors owed the company £23,591 as at 31 October 2023 (2022: £21,110) which was also the maximum balance outstanding during the year. Interest has been charged at the official rates on the overdrawn loans . Advances of £ 2,481 were made during the year (2022: advances of £ 1,583 ). There are no fixed terms for repayment of these loans.
3. Other financial commitments
The company has an operating lease on the business premises which expires within 3 years after the balance sheet date. The annual commitment on this lease is £10,600.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
Mr J P Tainsh
Director
Company registration number: SC260811
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 58 Rannoch Road, Perth, PH1 2DF.