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REGISTERED NUMBER: SC225092 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Blackhall Village Newsagents Limited

Blackhall Village Newsagents Limited (Registered number: SC225092)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blackhall Village Newsagents Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: J McIntyre





REGISTERED OFFICE: 59 Craigcrook Road
Edinburgh
EH4 3PH





REGISTERED NUMBER: SC225092 (Scotland)





ACCOUNTANTS: Neil Nisbet & Co.
c/o Neil Nisbet & Co.
Thain House
226 Queensferry Road
Edinburgh
EH4 2BP

Blackhall Village Newsagents Limited (Registered number: SC225092)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,607 1,936

CURRENT ASSETS
Stocks 18,250 18,000
Debtors 5 25,704 24,930
Cash at bank and in hand 45,703 56,280
89,657 99,210
CREDITORS
Amounts falling due within one year 6 49,146 53,067
NET CURRENT ASSETS 40,511 46,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,118

48,079

PROVISIONS FOR LIABILITIES 305 375
NET ASSETS 41,813 47,704

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 20,788 20,788
Retained earnings 21,024 26,915
SHAREHOLDERS' FUNDS 41,813 47,704

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

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

Blackhall Village Newsagents Limited (Registered number: SC225092)

Balance Sheet - continued
31 October 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 director and authorised for issue on 30 July 2024 and were signed by:





J McIntyre - Director


Blackhall Village Newsagents Limited (Registered number: SC225092)

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

1. STATUTORY INFORMATION

Blackhall Village Newsagents 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 represents net income from operating activities, excluding value added tax.

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 - 33% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

Blackhall Village Newsagents Limited (Registered number: SC225092)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 29,773
DEPRECIATION
At 1 November 2022 27,837
Charge for year 329
At 31 October 2023 28,166
NET BOOK VALUE
At 31 October 2023 1,607
At 31 October 2022 1,936

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 24,500 23,500
Other debtors 1,204 1,430
25,704 24,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 7,775 9,951
Taxation and social security 1,803 5,280
Other creditors 39,568 37,836
49,146 53,067

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,694 (2022 - £14,410) were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J McIntyre.