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REGISTERED NUMBER: SC705654 (Scotland)















SCOTTS APOTHECARY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






SCOTTS APOTHECARY LIMITED (REGISTERED NUMBER: SC705654)

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


SCOTTS APOTHECARY LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: N R Scott
A L Scott





REGISTERED OFFICE: 16 Park Road
Giffnock
Glasgow
G46 7PF





REGISTERED NUMBER: SC705654 (Scotland)





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

SCOTTS APOTHECARY LIMITED (REGISTERED NUMBER: SC705654)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,727 4,926

CURRENT ASSETS
Stocks 13,287 4,744
Debtors 5 15,827 20,078
Cash at bank 41,715 11,585
70,829 36,407
CREDITORS
Amounts falling due within one year 6 93,383 39,357
NET CURRENT LIABILITIES (22,554 ) (2,950 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,827

)

1,976

ACCRUALS AND DEFERRED INCOME 3,095 509
NET (LIABILITIES)/ASSETS (15,922 ) 1,467

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (16,122 ) 1,267
SHAREHOLDERS' FUNDS (15,922 ) 1,467

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.

SCOTTS APOTHECARY LIMITED (REGISTERED NUMBER: SC705654)

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 25 September 2024 and were signed on its behalf by:





N R Scott - Director


SCOTTS APOTHECARY LIMITED (REGISTERED NUMBER: SC705654)

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


1. STATUTORY INFORMATION

Scotts Apothecary 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 comprises the value of goods sold and services provided by the company in 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 - 33% on cost, 25% on cost and 20% on reducing balance

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 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.

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.

Government grants
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Going concern
The directors have prepared the accounts on a going concern basis, despite there being net liabilities at the balance sheet date, as the company has continued to trade and is meeting its liabilities as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SCOTTS APOTHECARY LIMITED (REGISTERED NUMBER: SC705654)

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 6,607
Additions 8,420
At 31 December 2023 15,027
DEPRECIATION
At 1 January 2023 1,681
Charge for year 3,619
At 31 December 2023 5,300
NET BOOK VALUE
At 31 December 2023 9,727
At 31 December 2022 4,926

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,485 2,981
Other debtors 2,151 2,881
Directors' loan account 4,191 14,216
15,827 20,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 33,241
Taxation and social security 5,037 3,816
Other creditors 88,346 2,300
93,383 39,357

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2023 the company's directors had received interest free loans from the company of £4,191 (2022, £14,216). There are no fixed repayment terms for these loans.