Registered Number
(Scotland)
Unaudited Financial Statements for the Year ended
30 November 2023
Director |
Registered Address | |
Registered Number |
Notes | 2023 | 2022 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 4 | |||||||
Current assets | ||||||||
Stocks | 5 | |||||||
Debtors | 6 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 7 | ( | ( | |||||
Net current assets (liabilities) | ||||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 8 | ( | ( | |||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Share premium | ||||||||
Profit and loss account | ||||||||
Shareholders' funds |
The financial statements were approved and authorised for issue by the Director on 12 November 2024, and are signed on its behalf by: |
Director Registered Company No. SC549354 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Going concern | |
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Turnover policy | |
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Operating leases | |
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Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Straight line (years) | ||
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Office Equipment |
Stocks and work in progress | |
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2. | Average number of employees |
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2023 | 2022 | |||
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Average number of employees during the year |
3. | Prior period adjustment |
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The company has adopted FRS102 section 1A for the first time with previous accounts being prepared under FRS 105 'The Financial Reporting Standard applicable to the Micro-entities regime.' The director has considered the necessity to restate the prior year financial results for material adjustment resulting from this change in accounting policy and has concluded that no material adjustments to the prior year figures are necessary. |
4. | Tangible fixed assets |
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Office Equipment | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 December 22 | ||||
Disposals | ( | ( | ||
At 30 November 23 | ||||
Depreciation and impairment | ||||
At 01 December 22 | ||||
Charge for year | ||||
On disposals | ( | ( | ||
At 30 November 23 | ||||
Net book value | ||||
At 30 November 23 | ||||
At 30 November 22 |
5. | Stocks |
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2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
Other stocks | ||||
Total |
6. | Debtors: amounts due within one year |
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2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
7. | Creditors: amounts due within one year |
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2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
Trade creditors / trade payables | ||||
Bank borrowings and overdrafts | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
8. | Creditors: amounts due after one year |
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2023 | 2022 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Total |
9. | Secured creditors |
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Bank borrowings and overdrafts comprise a Business Bounceback loan and a loan From IWOCA finance. The Bounceback loan is guaranteed by the UK Government, bears interest at 2.5% and is repayable over a 5 year term. IWOCA Ltd have provided a maximum revolving credit facility of £27,000 at an interest rate of 5.2% per 30 days on any balance drawn down. The facility is unsecured and has no fixed duration. |
10. | Operating lease commitments |
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