1 January 2023 false No description of principal activity Taxfiler 2024.5 SC364340business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC3643402022-12-31 SC3643402023-01-012023-12-31 SC364340business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC364340business:FilletedAccounts2023-01-012023-12-31 SC3643402023-12-31 SC364340business:Director12023-01-012023-12-31 SC364340business:Director22023-01-012023-12-31 SC364340business:RegisteredOffice2023-01-012023-12-31 SC3643402022-12-31 SC364340core:WithinOneYear2023-12-31 SC364340core:WithinOneYear2022-12-31 SC364340core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC364340core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC364340core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC364340core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC364340core:PreviouslyStatedAmount2023-12-31 SC364340core:PreviouslyStatedAmount2022-12-31 SC364340business:SmallEntities2023-01-012023-12-31 SC364340countries:Scotland2023-01-012023-12-31 SC364340core:FurnitureFittings2023-01-012023-12-31 SC364340core:FurnitureFittings2022-12-31 SC364340core:FurnitureFittings2023-12-31 SC3643402022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC364340 (Scotland)
My Pocket Money Toy Limited Unaudited accounts for the year ended 31 December 2023
My Pocket Money Toy Limited Unaudited accounts Contents
Page
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My Pocket Money Toy Limited Company Information for the year ended 31 December 2023
Directors
Andrew William Lochhead Low Shirley Low
Company Number
SC364340 (Scotland)
Registered Office
20 William Grange Thorntonhall Glasgow G74 5DF Scotland
Accountants
Clarity Accounting (Scotland) Ltd 20 - 23 Woodside Place Glasgow G3 7QL
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My Pocket Money Toy Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
503 
670 
Current assets
Inventories
34,230 
35,077 
Debtors
633 
569 
Cash at bank and in hand
7,440 
8,013 
42,303 
43,659 
Creditors: amounts falling due within one year
(23,708)
(23,052)
Net current assets
18,595 
20,607 
Net assets
19,098 
21,277 
Capital and reserves
Called up share capital
500 
500 
Profit and loss account
18,598 
20,777 
Shareholders' funds
19,098 
21,277 
For the year ending 31 December 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by
Andrew William Lochhead Low Director Company Registration No. SC364340
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My Pocket Money Toy Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
My Pocket Money Toy Limited is a private company, limited by shares, registered in Scotland, registration number SC364340. The registered office is 20 William Grange, Thorntonhall, Glasgow, G74 5DF, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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My Pocket Money Toy Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
7,200 
At 31 December 2023
7,200 
Depreciation
At 1 January 2023
6,530 
Charge for the year
167 
At 31 December 2023
6,697 
Net book value
At 31 December 2023
503 
At 31 December 2022
670 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
633 
379 
Other debtors
- 
190 
633 
569 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
515 
858 
Taxes and social security
157 
- 
Loans from directors
21,515 
19,367 
Accruals
1,521 
2,827 
23,708 
23,052 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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