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REGISTERED NUMBER: SC708220 (Scotland)















Unaudited Financial Statements For The Year Ended 30 September 2023

for

Murieston Convenience Store Ltd

Murieston Convenience Store Ltd (Registered number: SC708220)






Contents of the Financial Statements
For The Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Murieston Convenience Store Ltd

Company Information
For The Year Ended 30 September 2023







DIRECTOR: K Mahmood





REGISTERED OFFICE: 26 Murieston Valley
Livingston
EH54 9HB





REGISTERED NUMBER: SC708220 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

Murieston Convenience Store Ltd (Registered number: SC708220)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,660 141,982

CURRENT ASSETS
Stocks 5 100,324 125,324
Debtors 6 1,000 26,001
Cash at bank and in hand 52,129 56,350
153,453 207,675
CREDITORS
Amounts falling due within one year 7 209,376 174,691
NET CURRENT (LIABILITIES)/ASSETS (55,923 ) 32,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,737

174,966

CREDITORS
Amounts falling due after more than one
year

8

48,772

170,215
NET ASSETS 15,965 4,751

RESERVES
Retained earnings 9 15,965 4,751
15,965 4,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Murieston Convenience Store Ltd (Registered number: SC708220)

Balance Sheet - continued
30 September 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 director and authorised for issue on 31 July 2024 and were signed by:





K Mahmood - Director


Murieston Convenience Store Ltd (Registered number: SC708220)

Notes to the Financial Statements
For The Year Ended 30 September 2023

1. STATUTORY INFORMATION

Murieston Convenience Store 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

Murieston Convenience Store Ltd (Registered number: SC708220)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022
and 30 September 2023 177,354
DEPRECIATION
At 1 October 2022 35,372
Charge for year 21,322
At 30 September 2023 56,694
NET BOOK VALUE
At 30 September 2023 120,660
At 30 September 2022 141,982

5. STOCKS
30.9.23 30.9.22
£    £   
Stocks 100,324 125,324

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 1,000 1,000
VAT - 25,001
1,000 26,001

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 19,215 94,501
Tax 10,295 12,695
VAT 10,750 -
Director's loan acc 132,764 34,463
Accrued expenses 36,352 33,032
209,376 174,691

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
M & K loan 48,772 170,215

Murieston Convenience Store Ltd (Registered number: SC708220)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

9. RESERVES
Retained
earnings
£   

At 1 October 2022 4,751
Profit for the year 51,214
Dividends (40,000 )
At 30 September 2023 15,965