Registered Number:SC560918 |
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
For the year ended 31 March 2024
Its Bed And Pine Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Its Bed And Pine Limited
Statement of Financial Position
2023
2024
9,900
13,200
2
Property, plant and equipment |
13,384
13,306
3
23,284
26,506
66,601
81,576
4
Trade and other receivables |
2,653
2,978
5
119,270
Cash and cash equivalents |
158,474
243,028
188,524
Trade and other payables: amounts falling due within one |
year |
(77,754)
(107,005)
6
110,770
136,023
Net current assets
Total assets less current liabilities |
159,307
137,276
Trade and other payables: amounts falling due after more |
than one year |
(13,970)
(12,193)
7
147,114
Net assets
123,306
100
100
147,014
123,206
147,114
123,306
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 12 July 2024 and were signed by: |
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For the year ended 31 March 2024
Its Bed And Pine Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 March 2024
Its Bed And Pine Limited
Notes to the Financial Statements
Statutory Information
Its Bed And Pine Limited is a private limited company, limited by shares, domiciled in Scotland, registration number |
SC560918. |
20 Wallsgreen Road
Cardenden
Lochgelly
Scotland
KY5 0JF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in April 2017, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Office Equipment
Motor Vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2024
Its Bed And Pine Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
33,000
33,000
19,800
3,300
Charge for year
23,100
9,900
13,200
3. Property, plant and equipment |
Motor Vehicles
47,608
549
31,695
15,364
4,538
1,917
-
2,621
17,985
31,695
2,466
52,146
Provision for depreciation and impairment |
34,302
317
22,371
11,614
Charge for year
4,460
537
2,331
1,592
38,762
854
24,702
13,206
4,779
6,993
1,612
13,384
3,750
9,324
232
13,306
2023
2024
81,576
66,601
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For the year ended 31 March 2024
Its Bed And Pine Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
2,978
2,653
6. Trade and other payables: amounts falling due within one year |
2023
2024
6,000
6,000
33,065
23,029
Taxation and social security |
36,508
22,260
31,432
26,465
107,005
77,754
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
7,000
13,000
5,193
970
12,193
13,970
8. Average number of persons employed |
During the year the average number of employees was 8 (2023 : 8)
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