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REGISTERED NUMBER: SC654372 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

NITSHILL FAST FOODS LTD

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NITSHILL FAST FOODS LTD

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: R Singh





REGISTERED OFFICE: 1 Macdowall Street
Suite 3.1
Paisley
PA3 2NB





REGISTERED NUMBER: SC654372 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 106,800 124,600
Tangible assets 5 50,278 55,418
157,078 180,018

CURRENT ASSETS
Debtors 6 3,667 -
Cash at bank 2,064 758
5,731 758
CREDITORS
Amounts falling due within one year 7 67,650 52,083
NET CURRENT LIABILITIES (61,919 ) (51,325 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,159

128,693

CREDITORS
Amounts falling due after more than one year 8 191,751 208,974
NET LIABILITIES (96,592 ) (80,281 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (96,593 ) (80,282 )
(96,592 ) (80,281 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

BALANCE SHEET - continued
29 February 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 25 November 2024 and were signed by:





R Singh - Director


NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Nitshill Fast Foods 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on cost

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 178,000
AMORTISATION
At 1 March 2023 53,400
Charge for year 17,800
At 29 February 2024 71,200
NET BOOK VALUE
At 29 February 2024 106,800
At 28 February 2023 124,600

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 45,000 25,696 70,696
DEPRECIATION
At 1 March 2023 - 15,278 15,278
Charge for year - 5,140 5,140
At 29 February 2024 - 20,418 20,418
NET BOOK VALUE
At 29 February 2024 45,000 5,278 50,278
At 28 February 2023 45,000 10,418 55,418

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 3,667 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 18,902 16,734
Trade creditors - 1,801
Other creditors 48,748 33,548
67,650 52,083

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 94,476 114,299
Other creditors 97,275 94,675
191,751 208,974

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 82,175

Repayable by instalments
Bank loans more 5 yr by instal 23,568 47,363

NITSHILL FAST FOODS LTD (REGISTERED NUMBER: SC654372)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 113,378 131,033

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 29th February 2024, the director is owed £47,667 by the company (2023 - £19,548). The loan is interest free with no fixed date for repayment.