Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC477614 Mrs Elaine Kirk Mrs Deborah Marku true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC477614 2023-05-31 SC477614 2024-05-31 SC477614 2023-06-01 2024-05-31 SC477614 frs-core:CurrentFinancialInstruments 2024-05-31 SC477614 frs-core:ShareCapital 2024-05-31 SC477614 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC477614 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC477614 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC477614 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC477614 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC477614 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC477614 1 2023-06-01 2024-05-31 SC477614 frs-bus:Director1 2023-06-01 2024-05-31 SC477614 frs-core:CurrentFinancialInstruments 1 2024-05-31 SC477614 frs-countries:Scotland 2023-06-01 2024-05-31 SC477614 2022-05-31 SC477614 2023-05-31 SC477614 2022-06-01 2023-05-31 SC477614 frs-core:CurrentFinancialInstruments 2023-05-31 SC477614 frs-core:ShareCapital 2023-05-31 SC477614 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 SC477614 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: SC477614
My Storehouse Limited
Financial Statements
For The Year Ended 31 May 2024
Gillespie's Fife
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of My Storehouse Limited for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of My Storehouse Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of My Storehouse Limited , as a body, in accordance with the terms of our engagement letter dated 10 June 2015. Our work has been undertaken solely to prepare for your approval the accounts of My Storehouse Limited and state those matters that we have agreed to state to the director of My Storehouse Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than My Storehouse Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that My Storehouse Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of My Storehouse Limited . You consider that My Storehouse Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of My Storehouse Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
23rd August 2024
Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
Page 1
Page 2
Balance Sheet
Registered number: SC477614
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 5,979 4,217
5,979 4,217
Creditors: Amounts Falling Due Within One Year 4 (23,185 ) (19,975 )
NET CURRENT ASSETS (LIABILITIES) (17,206 ) (15,758 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,206 ) (15,758 )
NET LIABILITIES (17,206 ) (15,758 )
CAPITAL AND RESERVES
Called up share capital 5 4 4
Profit and Loss Account (17,210 ) (15,762 )
SHAREHOLDERS' FUNDS (17,206) (15,758)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Elaine Kirk
Director
23rd August 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
My Storehouse Limited is a private company, limited by shares, incorporated in Scotland, registered number SC477614 . The registered office is 1 Newark Court, Newark Road South, Glenrothes, Fife, KY7 4NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,735 4,693
Other creditors 2,798 2,798
Creditors / Family Transactions 350 350
Accruals and deferred income 804 756
Director's loan account 11,498 11,378
23,185 19,975
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
6. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Deborah Marku by virtue of ownership of 75% of the issued share capital in the company.
Page 3