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Registered number: SC654467

The Corner Shop Ralston Limited

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024

Prepared By:
QP Accountancy Services
2 Dunbeath Grove
Blantyre
G72 0GL

The Corner Shop Ralston Limited

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
DIRECTORS
Dione Helen Abbott
REGISTERED OFFICE
1 Penilee Road
Paisley
PA1 3ES
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC654467
ACCOUNTANTS
QP Accountancy Services
2 Dunbeath Grove
Blantyre
G72 0GL

The Corner Shop Ralston Limited

ACCOUNTS
FOR THEYEARENDED29/02/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Corner Shop Ralston Limited

BALANCE SHEET AT 29/02/2024
20242023
Notes££
FIXED ASSETS
Intangible assets330,00035,000
Tangible assets421,632-
51,63235,000
CURRENT ASSETS
Stock6,8556,369
Debtors67,8409,030
Cash at bank and in hand9,06810,798
23,76326,197
CREDITORS: Amounts falling due within one year782,52474,000
NET CURRENT LIABILITIES(58,761)(47,803)
TOTAL ASSETS LESS CURRENT LIABILITIES(7,129)(12,803)
PROVISIONS FOR LIABILITIES AND CHARGES8447-
NET LIABILITIES(7,576)(12,803)
CAPITAL AND RESERVES
Called up share capital9202202
Profit and loss account(7,778)(13,005)
SHAREHOLDERS' FUNDS(7,576)(12,803)
For the year ending 29/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/11/2024 and signed on their behalf by
.............................
Dione Helen Abbott
Director

The Corner Shop Ralston Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesstraight line 20%
Fixtures and Fittingsstraight line 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees46

The Corner Shop Ralston Limited

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/03/202350,00050,000
At 29/02/202450,00050,000
Depreciation
At 01/03/202315,00015,000
For the year5,0005,000
At 29/02/202420,00020,000
Net Book Amounts
At 29/02/202430,00030,000
At 28/02/202335,00035,000
4. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsTotal
£££
Cost
Additions24,1002,94027,040
At 29/02/202424,1002,94027,040
Depreciation
For the year4,8205885,408
At 29/02/20244,8205885,408
Net Book Amounts
At 29/02/202419,2802,35221,632
5. STOCK 20242023
££
Stock comprises:
Stock6,8556,369
6,8556,369

The Corner Shop Ralston Limited

6. DEBTORS 20242023
££
Amounts falling due within one year
PAYE control269759
Other debtors7,5307,530
Prepayments4135
Deferred taxation-706
7,8409,030
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,730576
VAT2,7551,847
Other creditors75,17267,672
Accruals2,8673,905
82,52474,000
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation447(706)
447-
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
202 Class 1 shares of £1 each202202
202202