Company Registration No. SC620104 (Scotland)
THE PHONE SHOP 4U LIMITED
accounts
for the period from 1 March 2023 to 28 February 2024
THE PHONE SHOP 4U LIMITED
accounts
Contents
THE PHONE SHOP 4U LIMITED
Statement of financial position
as at 28 February 2024
Intangible assets
6,000
6,000
Tangible assets
1,995
2,494
Cash at bank and in hand
11,883
2,331
Creditors: amounts falling due within one year
(47,175)
(18,770)
Net current assets
18,866
21,212
Total assets less current liabilities
26,861
29,706
Creditors: amounts falling due after more than one year
(11,706)
(16,432)
Called up share capital
1
1
Profit and loss account
15,154
13,273
Shareholders' funds
15,155
13,274
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 August 2024 and were signed on its behalf by
Shahzad AHMED
Director
Company Registration No. SC620104
THE PHONE SHOP 4U LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
THE PHONE SHOP 4U LIMITED is a private company, limited by shares, registered in Scotland, registration number SC620104. The registered office is 69 MURRAY GATE, MURRAY GATE, DUNDEE, DD1 2EA, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
THE PHONE SHOP 4U LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
2,116
2,278
4,394
At 28 February 2024
2,116
2,278
4,394
At 1 March 2023
757
1,143
1,900
Charge for the period
272
227
499
At 28 February 2024
1,029
1,370
2,399
At 28 February 2024
1,087
908
1,995
At 28 February 2023
1,359
1,135
2,494
Amounts falling due within one year
Other debtors
18,698
18,641
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
708
(8)
Other creditors
2,007
1,572
Loans from directors
43,610
16,056
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the period the average number of employees was 2 (2023: 2).