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REGISTERED NUMBER: SC209655 (Scotland)















SARABAND (SCOTLAND) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






SARABAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC209655)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SARABAND (SCOTLAND) LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: S Hunt





REGISTERED OFFICE: 3 Clairmont Gardens
Glasgow
G3 7LW





REGISTERED NUMBER: SC209655 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

SARABAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC209655)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,095 1,859

CURRENT ASSETS
Stocks 78,197 72,029
Debtors 5 54,671 78,886
Cash at bank 68,830 92,241
201,698 243,156
CREDITORS
Amounts falling due within one year 6 143,690 153,188
NET CURRENT ASSETS 58,008 89,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,103

91,827

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,003 91,727
SHAREHOLDERS' FUNDS 60,103 91,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 12 September 2024 and were signed by:





S Hunt - Director


SARABAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC209655)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Saraband (Scotland) Limited 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 represents sales of goods and services provided during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stock and work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure.

Taxation
Taxation for the year comprises current 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Contributions to the director's personal pension scheme are charged to the profit and loss account in the period to which they relate.

Government grants
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

SARABAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC209655)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 6,126
Additions 1,140
Disposals (3,048 )
At 31 December 2023 4,218
DEPRECIATION
At 1 January 2023 4,267
Charge for year 904
Eliminated on disposal (3,048 )
At 31 December 2023 2,123
NET BOOK VALUE
At 31 December 2023 2,095
At 31 December 2022 1,859

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 42,933 63,385
Other debtors 8,611 11,460
Taxation recoverable 3,127 4,041
54,671 78,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 7,502 1,293
Director's loan account 111,099 131,338
Taxation and social security - 183
Other creditors 25,089 20,374
143,690 153,188

7. RELATED PARTY DISCLOSURES

At 31 December 2023 the company's director had provided the company with an interest free loan of £111,099 (2022, £131,338). There are no fixed repayment terms for this loan.