Registered number
SC680722
Pram Shop Dundee Ltd
Filleted Accounts
30 November 2023
Pram Shop Dundee Ltd
Registered number: SC680722
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Stocks 57,796 37,337
Debtors 3 21,504 21,504
Cash at bank and in hand 1,484 3,752
80,784 62,593
Creditors: amounts falling due within one year 4 (54,850) (46,571)
Net current assets 25,934 16,022
Net assets 25,934 16,022
Capital and reserves
Called up share capital 100 100
Profit and loss account 25,834 15,922
Shareholder's funds 25,934 16,022
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V Blankenstein
Director
Approved by the board on 27 May 2024
Pram Shop Dundee Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 0
3 Debtors 2023 2022
£ £
Trade debtors 21,504 21,504
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 25,262 13,354
Taxation and social security costs (636) 740
Other creditors 30,224 32,477
54,850 46,571
5 Other information
Pram Shop Dundee Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
6-10 Victoria Road
Kirkcaldy
Fife
KY1 1DU
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