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REGISTERED NUMBER: SC535519 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Oakley Store Ltd

Oakley Store Ltd (Registered number: SC535519)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakley Store Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: F A Ahmed
Mrs S A Ahmed





REGISTERED OFFICE: 6 Link Road
Oakley
KY12 9RU





REGISTERED NUMBER: SC535519 (Scotland)





ACCOUNTANTS: FNS Accounting
42 Nithsdale Road
Glasgow
G41 2AN

Oakley Store Ltd (Registered number: SC535519)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,318 85,398

CURRENT ASSETS
Stocks 75,666 51,565
Debtors 5 1,563 -
Cash at bank and in hand 16,776 28,118
94,005 79,683
CREDITORS
Amounts falling due within one year 6 105,031 100,244
NET CURRENT LIABILITIES (11,026 ) (20,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,292

64,837

CREDITORS
Amounts falling due after more than one year 7 33,458 33,458
NET ASSETS 23,834 31,379

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 23,824 31,369
SHAREHOLDERS' FUNDS 23,834 31,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Oakley Store Ltd (Registered number: SC535519)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





F A Ahmed - Director


Oakley Store Ltd (Registered number: SC535519)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Oakley Store Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Oakley Store Ltd (Registered number: SC535519)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 123,057
DEPRECIATION
At 1 December 2022 37,659
Charge for year 17,080
At 30 November 2023 54,739
NET BOOK VALUE
At 30 November 2023 68,318
At 30 November 2022 85,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 1,563 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other loans (see note 8) 103,231 94,225
Trade creditors - (1 )
Tax - 2,580
Social security and other taxes - 167
VAT - 1,473
Accrued expenses 1,800 1,800
105,031 100,244

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 33,458 33,458

Oakley Store Ltd (Registered number: SC535519)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 33,458 33,458

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Director loan 103,231 94,225

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 33,458 33,458

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
10 Ordinary 10 10 10

10. RESERVES
Retained
earnings
£   

At 1 December 2022 31,369
Deficit for the year (7,545 )
At 30 November 2023 23,824