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REGISTERED NUMBER: SC650284 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Blackland Retail Ltd

Blackland Retail Ltd (Registered number: SC650284)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blackland Retail Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J H Fitzimmons
Mrs A Fitzsimmons





REGISTERED OFFICE: 1-3 Gargarin Terrace
Kilwinning
KA13 6JA





REGISTERED NUMBER: SC650284 (Scotland)






Blackland Retail Ltd (Registered number: SC650284)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,022 26,278

CURRENT ASSETS
Stocks 63,675 58,560
Cash at bank and in hand 21,106 27,075
84,781 85,635
CREDITORS
Amounts falling due within one year 5 53,575 21,309
NET CURRENT ASSETS 31,206 64,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,228

90,604

CREDITORS
Amounts falling due after more than one year 6 23,154 33,803
NET ASSETS 29,074 56,801

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 28,974 56,701
29,074 56,801

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 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.

Blackland Retail Ltd (Registered number: SC650284)

Balance Sheet - continued
31 December 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 24 September 2024 and were signed on its behalf by:





Mrs A Fitzsimmons - Director


Blackland Retail Ltd (Registered number: SC650284)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Blackland Retail 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.

Blackland Retail Ltd (Registered number: SC650284)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 16,059 21,125 37,184
DEPRECIATION
At 1 January 2023 5,781 5,125 10,906
Charge for year 2,056 3,200 5,256
At 31 December 2023 7,837 8,325 16,162
NET BOOK VALUE
At 31 December 2023 8,222 12,800 21,022
At 31 December 2022 10,278 16,000 26,278

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 25,146 -
Tax 5,726 4,946
Social security and other taxes 446 362
VAT 3,631 723
Directors' loan accounts 15,626 12,318
Accrued expenses 3,000 2,960
53,575 21,309

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
BBL 23,154 33,803

Blackland Retail Ltd (Registered number: SC650284)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. RESERVES
Retained
earnings
£   

At 1 January 2023 56,701
Profit for the year 22,273
Dividends (50,000 )
At 31 December 2023 28,974