1 February 2023 false No description of principal activity Taxfiler 2024.5 SC757253business:PrivateLimitedCompanyLtd2023-02-012024-02-28 SC7572532023-01-31 SC7572532023-02-012024-02-28 SC757253business:AuditExemptWithAccountantsReport2023-02-012024-02-28 SC757253business:FilletedAccounts2023-02-012024-02-28 SC7572532024-02-28 SC757253business:Director12023-02-012024-02-28 SC757253business:Director22023-02-012024-02-28 SC757253business:RegisteredOffice2023-02-012024-02-28 SC757253core:WithinOneYear2024-02-28 SC757253core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 SC757253core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 SC757253core:PreviouslyStatedAmount2024-02-28 SC757253business:SmallEntities2023-02-012024-02-28 SC757253countries:Scotland2023-02-012024-02-28 SC757253core:FurnitureFittings2023-01-31 SC757253core:FurnitureFittings2023-02-012024-02-28 SC757253core:FurnitureFittings2024-02-28 SC757253business:OrdinaryShareClass12023-02-012024-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC757253 (Scotland)
Suited And Booted Dubai Ltd Unaudited accounts for the period from 1 February 2023 to 28 February 2024
Suited And Booted Dubai Ltd Unaudited accounts Contents
Page
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Suited And Booted Dubai Ltd Company Information for the period from 1 February 2023 to 28 February 2024
Directors
Ryan Smith Raymond Smith
Company Number
SC757253 (Scotland)
Registered Office
18 Montrose Street Glasgow Lanarkshire G1 1RE Scotland
Accountants
Evolve Accountancy Solutions Limited 45 Daltons Fen Pitsea Basildon Essex SS13 1JE
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Suited And Booted Dubai Ltd Statement of financial position as at 28 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
41,667 
Current assets
Debtors
83,013 
Cash at bank and in hand
5,406 
88,419 
Creditors: amounts falling due within one year
(184,961)
Net current liabilities
(96,542)
Total assets less current liabilities
(54,875)
Provisions for liabilities
Deferred tax
(7,917)
Net liabilities
(62,792)
Capital and reserves
Called up share capital
1 
Profit and loss account
(62,793)
Shareholders' funds
(62,792)
For the period ending 28 February 2024 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 16 October 2024 and were signed on its behalf by
Ryan Smith Director Company Registration No. SC757253
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Suited And Booted Dubai Ltd Notes to the Accounts for the period from 1 February 2023 to 28 February 2024
1
Statutory information
Suited And Booted Dubai Ltd is a private company, limited by shares, registered in Scotland, registration number SC757253. The registered office is 18 Montrose Street, Glasgow, Lanarkshire, G1 1RE, Scotland.
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.
3
Accounting policies
These financial statements for the period from 1 February 2023 to 28 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Suited And Booted Dubai Ltd Notes to the Accounts for the period from 1 February 2023 to 28 February 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
- 
Additions
41,667 
At 28 February 2024
41,667 
Depreciation
At 28 February 2024
- 
Net book value
At 28 February 2024
41,667 
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
13,876 
Accrued income and prepayments
69,137 
83,013 
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
19,020 
Amounts owed to group undertakings and other participating interests
165,741 
Accruals
200 
184,961 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
8
Average number of employees
During the period the average number of employees was 2.
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