Company Registration No. SC579311 (Scotland)
John Kay's Shop Ltd
Unaudited accounts
for the year ended 31 October 2023
John Kay's Shop Ltd
Unaudited accounts
Contents
John Kay's Shop Ltd
Company Information
for the year ended 31 October 2023
Directors
Alice McRae
Andrew Alexander McRae
Company Number
SC579311 (Scotland)
Registered Office
8 Victoria Street
Edinburgh
EH1 2HG
United Kingdom
Accountants
Braes Accountancy Limited
Ironworks Business Centre
Castlelaurie Industrial Estate
Falkirk
Stirlingshire
FK2 7XE
John Kay's Shop Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
8,426
20,527
Cash at bank and in hand
156,801
96,500
Creditors: amounts falling due within one year
(148,623)
(64,640)
Net current assets
168,822
170,691
Total assets less current liabilities
177,248
191,218
Creditors: amounts falling due after more than one year
(46,116)
(65,914)
Net assets
131,132
125,304
Called up share capital
100
100
Profit and loss account
131,032
125,204
Shareholders' funds
131,132
125,304
For the year ending 31 October 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 29 July 2024 and were signed on its behalf by
Andrew Alexander McRae
Director
Company Registration No. SC579311
John Kay's Shop Ltd
Notes to the Accounts
for the year ended 31 October 2023
John Kay's Shop Ltd is a private company, limited by shares, registered in Scotland, registration number SC579311. The registered office is 8 Victoria Street, Edinburgh, EH1 2HG, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
28,742
53,434
82,176
At 31 October 2023
28,742
53,434
82,176
At 1 November 2022
17,370
44,279
61,649
Charge for the year
5,389
6,712
12,101
At 31 October 2023
22,759
50,991
73,750
At 31 October 2023
5,983
2,443
8,426
At 31 October 2022
11,372
9,155
20,527
John Kay's Shop Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
1,813
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
25,000
-
Other debtors
114,000
109,000
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,483
-
Amounts owed to group undertakings and other participating interests
14,802
14,802
Taxes and social security
24,681
23,603
Loans from directors
8,197
4,245
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
11,408
20,240
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).