Registered number
SC683829
FAMILY SHOPPER HAMILTON LTD
Filleted Accounts
31 March 2024
FAMILY SHOPPER HAMILTON LTD
Registered number: SC683829
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 43,433 37,794
Current assets
Stocks 141,527 95,732
Cash at bank and in hand 188,224 168,645
329,751 264,377
Creditors: amounts falling due within one year 4 (121,763) (86,139)
Net current assets 207,988 178,238
Total assets less current liabilities 251,421 216,032
Creditors: amounts falling due after more than one year 5 (119,151) (123,348)
Net assets 132,270 92,684
Capital and reserves
Called up share capital 100 100
Profit and loss account 132,170 92,584
Shareholder's funds 132,270 92,684
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Omar Amir
Director
Approved by the board on 18 November 2024
FAMILY SHOPPER HAMILTON LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 14
3 Tangible fixed assets
Fixture & fittings Motor vehicles Total
£ £ £
Cost
At 1 April 2023 33,103 12,200 45,303
Additions 3,493 6,972 10,465
At 31 March 2024 36,596 19,172 55,768
Depreciation
At 1 April 2023 6,289 1,220 7,509
Charge for the year 3,031 1,795 4,826
At 31 March 2024 9,320 3,015 12,335
Net book value
At 31 March 2024 27,276 16,157 43,433
At 31 March 2023 26,814 10,980 37,794
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 94,030 59,409
Taxation and social security costs 21,258 23,816
Other creditors 6,475 2,914
121,763 86,139
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 119,151 123,348
FAMILY SHOPPER HAMILTON LTD SC683829 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mr Omar Amir No description of principal activity SC683829 2022-04-01 2023-03-31 SC683829 core:WithinOneYear 2023-03-31 SC683829 core:AfterOneYear 2023-03-31 SC683829 core:ShareCapital 2023-03-31 SC683829 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC683829 2023-04-01 2024-03-31 SC683829 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC683829 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC683829 bus:Director40 2023-04-01 2024-03-31 SC683829 1 2023-04-01 2024-03-31 SC683829 2 2023-04-01 2024-03-31 SC683829 core:PlantMachinery 2023-04-01 2024-03-31 SC683829 core:Vehicles 2023-04-01 2024-03-31 SC683829 bus:FRS102 2023-04-01 2024-03-31 SC683829 bus:FilletedAccounts 2023-04-01 2024-03-31 SC683829 2024-03-31 SC683829 core:WithinOneYear 2024-03-31 SC683829 core:AfterOneYear 2024-03-31 SC683829 core:ShareCapital 2024-03-31 SC683829 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC683829 core:PlantMachinery 2024-03-31 SC683829 core:Vehicles 2024-03-31 SC683829 2023-03-31 SC683829 core:PlantMachinery 2023-03-31 SC683829 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure