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REGISTERED NUMBER: SC076414 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MARY EASTOP LIMITED

MARY EASTOP LIMITED (REGISTERED NUMBER: SC076414)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARY EASTOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A Glen
Mrs L J Quinn





SECRETARY: A Glen





REGISTERED OFFICE: 7 Mugdock Road
Milngavie
Glasgow
Strathclyde
G62 8PD





REGISTERED NUMBER: SC076414 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

MARY EASTOP LIMITED (REGISTERED NUMBER: SC076414)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,422 1,127

CURRENT ASSETS
Stocks 9,126 4,686
Debtors 5 - 1,564
Cash at bank and in hand 3,435 23,506
12,561 29,756
CREDITORS
Amounts falling due within one year 6 16,625 15,835
NET CURRENT (LIABILITIES)/ASSETS (4,064 ) 13,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,642

)

15,048

CREDITORS
Amounts falling due after more than one
year

7

4,888

8,888
NET (LIABILITIES)/ASSETS (7,530 ) 6,160

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (17,530 ) (3,840 )
SHAREHOLDERS' FUNDS (7,530 ) 6,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

MARY EASTOP LIMITED (REGISTERED NUMBER: SC076414)

BALANCE SHEET - continued
31 JANUARY 2024


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 30 August 2024 and were signed on its behalf by:





A Glen - Director


MARY EASTOP LIMITED (REGISTERED NUMBER: SC076414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Mary Eastop 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
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. During the year, the company made a loss before taxation amounting to £13,960 ( 2023 £10,379 )and as at the balance sheet date the company had net liabilities of £7,530 (2023 £6,160 surplus ) The directors are confident in the future profitability of the business and accordingly they believe the company is a going concern and will be for the foreseeable future. The financial statements do not include any adjustments that would result from withdrawal of financial support.

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.
Fixtures and fittings - 20% on a reducing balance basis

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.

MARY EASTOP LIMITED (REGISTERED NUMBER: SC076414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023 33,017
Additions 649
At 31 January 2024 33,666
DEPRECIATION
At 1 February 2023 31,890
Charge for year 354
At 31 January 2024 32,244
NET BOOK VALUE
At 31 January 2024 1,422
At 31 January 2023 1,127

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,445 4,445
Trade creditors 7,596 5,383
Taxation and social security 3,343 4,429
Other creditors 1,241 1,578
16,625 15,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 4,888 8,888

MARY EASTOP LIMITED (REGISTERED NUMBER: SC076414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. OTHER FINANCIAL COMMITMENTS

The company has the following annual commitments under non-cancellable operating leases:
Land & Buildings : £5,500.

9. RELATED PARTY DISCLOSURES

The company traded with a business operated by one of the directors during the year under review. All of the alteration costs included in these financial statements were paid to this business.