IRIS Accounts Production v24.3.0.553 SC239229 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2392292023-01-31SC2392292024-01-31SC2392292023-02-012024-01-31SC2392292022-01-31SC2392292022-02-012023-01-31SC2392292023-01-31SC239229ns15:Scotland2023-02-012024-01-31SC239229ns14:PoundSterling2023-02-012024-01-31SC239229ns10:Director12023-02-012024-01-31SC239229ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC239229ns10:SmallEntities2023-02-012024-01-31SC239229ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC239229ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC239229ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC239229ns10:FullAccounts2023-02-012024-01-31SC239229ns10:CompanySecretary12023-02-012024-01-31SC239229ns10:RegisteredOffice2023-02-012024-01-31SC239229ns5:CurrentFinancialInstruments2024-01-31SC239229ns5:CurrentFinancialInstruments2023-01-31SC239229ns5:ShareCapital2024-01-31SC239229ns5:ShareCapital2023-01-31SC239229ns5:RetainedEarningsAccumulatedLosses2024-01-31SC239229ns5:RetainedEarningsAccumulatedLosses2023-01-31SC239229ns5:LeaseholdImprovements2023-02-012024-01-31SC239229ns5:PlantMachinery2023-02-012024-01-31SC239229ns5:FurnitureFittings2023-02-012024-01-31SC239229ns5:ComputerEquipment2023-02-012024-01-31SC239229ns5:LeaseholdImprovements2023-01-31SC239229ns5:PlantMachinery2023-01-31SC239229ns5:FurnitureFittings2023-01-31SC239229ns5:LeaseholdImprovements2024-01-31SC239229ns5:PlantMachinery2024-01-31SC239229ns5:FurnitureFittings2024-01-31SC239229ns5:LeaseholdImprovements2023-01-31SC239229ns5:PlantMachinery2023-01-31SC239229ns5:FurnitureFittings2023-01-31SC239229ns5:MotorVehicles2023-01-31SC239229ns5:ComputerEquipment2023-01-31SC239229ns5:MotorVehicles2023-02-012024-01-31SC239229ns5:MotorVehicles2024-01-31SC239229ns5:ComputerEquipment2024-01-31SC239229ns5:MotorVehicles2023-01-31SC239229ns5:ComputerEquipment2023-01-31
REGISTERED NUMBER: SC239229 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Headline (Inverurie) Limited

Headline (Inverurie) Limited (Registered number: SC239229)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Headline (Inverurie) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs A Grosle





SECRETARY: Add Accountancy Limited





REGISTERED OFFICE: 6 Market Square
OLDMELDRUM
Aberdeenshire
AB51 0AA





REGISTERED NUMBER: SC239229 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

Headline (Inverurie) Limited (Registered number: SC239229)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,516 9,077

CURRENT ASSETS
Stocks 7,550 8,050
Debtors 5 5,580 4,739
Cash at bank and in hand 42,232 48,001
55,362 60,790
CREDITORS
Amounts falling due within one year 6 40,863 43,024
NET CURRENT ASSETS 14,499 17,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,015

26,843

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 22,014 26,842
SHAREHOLDERS' FUNDS 22,015 26,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Headline (Inverurie) Limited (Registered number: SC239229)

Balance Sheet - continued
31 January 2024


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 23 October 2024 and were signed by:





Mrs A Grosle - Director


Headline (Inverurie) Limited (Registered number: SC239229)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Headline (Inverurie) 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 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.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 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.

Headline (Inverurie) Limited (Registered number: SC239229)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 9,337 4,566 29,481
Additions - - -
At 31 January 2024 9,337 4,566 29,481
DEPRECIATION
At 1 February 2023 9,184 2,876 25,944
Charge for year 36 424 888
At 31 January 2024 9,220 3,300 26,832
NET BOOK VALUE
At 31 January 2024 117 1,266 2,649
At 31 January 2023 153 1,690 3,537

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 19,999 1,780 65,163
Additions - 923 923
At 31 January 2024 19,999 2,703 66,086
DEPRECIATION
At 1 February 2023 16,440 1,642 56,086
Charge for year 892 244 2,484
At 31 January 2024 17,332 1,886 58,570
NET BOOK VALUE
At 31 January 2024 2,667 817 7,516
At 31 January 2023 3,559 138 9,077

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Prepayments 5,580 4,739

Headline (Inverurie) Limited (Registered number: SC239229)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1,990 3,233
Tax 4,720 8,044
Social security and other taxes 657 449
VAT 10,745 10,928
Directors' current accounts 15,954 11,683
Deferred Income - 2,750
Accrued expenses 6,797 5,937
40,863 43,024