IRIS Accounts Production v24.3.0.553 SC676227 Board of Directors 1.3.23 29.2.24 29.2.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6762272023-02-28SC6762272024-02-29SC6762272023-03-012024-02-29SC6762272022-02-28SC6762272022-03-012023-02-28SC6762272023-02-28SC676227ns15:Scotland2023-03-012024-02-29SC676227ns14:PoundSterling2023-03-012024-02-29SC676227ns10:Director12023-03-012024-02-29SC676227ns10:PrivateLimitedCompanyLtd2023-03-012024-02-29SC676227ns10:SmallEntities2023-03-012024-02-29SC676227ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-29SC676227ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-29SC676227ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SC676227ns10:FullAccounts2023-03-012024-02-29SC67622712023-03-012024-02-29SC676227ns10:Director22023-03-012024-02-29SC676227ns10:RegisteredOffice2023-03-012024-02-29SC676227ns5:CurrentFinancialInstruments2024-02-29SC676227ns5:CurrentFinancialInstruments2023-02-28SC676227ns5:ShareCapital2024-02-29SC676227ns5:ShareCapital2023-02-28SC676227ns5:SharePremium2024-02-29SC676227ns5:SharePremium2023-02-28SC676227ns5:RetainedEarningsAccumulatedLosses2024-02-29SC676227ns5:RetainedEarningsAccumulatedLosses2023-02-28SC676227ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-29SC676227ns5:ComputerSoftware2023-03-012024-02-29SC676227ns5:IntangibleAssetsOtherThanGoodwill2023-02-28SC676227ns5:IntangibleAssetsOtherThanGoodwill2024-02-29SC676227ns5:IntangibleAssetsOtherThanGoodwill2023-02-28SC676227ns5:CostValuation2023-02-28SC676227ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29SC676227ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: SC676227 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

30 South Eyewear Ltd

30 South Eyewear Ltd (Registered number: SC676227)






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


30 South Eyewear Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R McEnery
J Cockayne





REGISTERED OFFICE: 53 Wellhall Road
Hamilton
ML3 9BY





REGISTERED NUMBER: SC676227 (Scotland)





ACCOUNTANTS: Andersons
53 Wellhall Road
Hamilton
Lanarkshire
ML3 9BY

30 South Eyewear Ltd (Registered number: SC676227)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,000 16,000
Investments 5 48 48
14,048 16,048

CURRENT ASSETS
Debtors 6 73,800 69,511
Cash at bank 1,958 7,927
75,758 77,438
CREDITORS
Amounts falling due within one year 7 6,610 14,947
NET CURRENT ASSETS 69,148 62,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,196

78,539

CAPITAL AND RESERVES
Called up share capital 438 438
Share premium 84,886 84,886
Retained earnings (2,128 ) (6,785 )
83,196 78,539

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 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.

30 South Eyewear Ltd (Registered number: SC676227)

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 Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





R McEnery - Director


30 South Eyewear Ltd (Registered number: SC676227)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

30 South Eyewear 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.

Preparation of consolidated financial statements
The financial statements contain information about 30 South Eyewear Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website is being amortised evenly over its estimated useful life of ten years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

30 South Eyewear Ltd (Registered number: SC676227)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 20,000
AMORTISATION
At 1 March 2023 4,000
Charge for year 2,000
At 29 February 2024 6,000
NET BOOK VALUE
At 29 February 2024 14,000
At 28 February 2023 16,000

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 48
NET BOOK VALUE
At 29 February 2024 48
At 28 February 2023 48

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 73,800 66,086
Other debtors - 3,425
73,800 69,511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 6,610 14,947

30 South Eyewear Ltd (Registered number: SC676227)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.