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REGISTERED NUMBER: SC605413 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NUTSHELL (SCOTLAND) LIMITED

NUTSHELL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC605413)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NUTSHELL (SCOTLAND) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs R Cholerton
E M Ruhl





REGISTERED OFFICE: 27 Ingram Street
Glasgow
United Kingdom
G1 1HA





REGISTERED NUMBER: SC605413 (Scotland)





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

NUTSHELL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC605413)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,623 4,832

CURRENT ASSETS
Stocks 49,500 50,000
Debtors 5 11,671 10,283
Cash at bank and in hand 40,340 53,561
101,511 113,844
CREDITORS
Amounts falling due within one year 6 43,648 38,278
NET CURRENT ASSETS 57,863 75,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,486

80,398

CREDITORS
Amounts falling due after more than one
year

7

(5,070

)

(8,903

)

PROVISIONS FOR LIABILITIES (688 ) (918 )
NET ASSETS 55,728 70,577

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 55,726 70,575
SHAREHOLDERS' FUNDS 55,728 70,577

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

NUTSHELL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC605413)

BALANCE SHEET - continued
31 March 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 29 November 2024 and were signed on its behalf by:




E M Ruhl - Director



Mrs R Cholerton - Director


NUTSHELL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC605413)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Nutshell (Scotland) 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

NUTSHELL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC605413)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 8,000 9,695 17,695
DEPRECIATION
At 1 April 2023 5,469 7,394 12,863
Charge for year 633 576 1,209
At 31 March 2024 6,102 7,970 14,072
NET BOOK VALUE
At 31 March 2024 1,898 1,725 3,623
At 31 March 2023 2,531 2,301 4,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 10,000 10,000
Tax - 283
VAT 1,671 -
11,671 10,283

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,876 3,876
Trade creditors 26,527 23,829
Tax 3,195 3,142
VAT - 7,032
Other creditors 10,050 399
43,648 38,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 3,876 3,876
Bank loans - 2-5 years 1,194 5,027
5,070 8,903

NUTSHELL (SCOTLAND) LIMITED (REGISTERED NUMBER: SC605413)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 31,360 31,360
Between one and five years 125,440 125,440
In more than five years 141,120 172,480
297,920 329,280