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REGISTERED NUMBER: SC466305 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Aywick Shop Ltd

Aywick Shop Ltd (Registered number: SC466305)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aywick Shop Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs M J Nicolson
Mrs D L Guthrie
Ms H M Nicolson
Mrs D L McDonnell
Mrs I J Nicolson
Mrs A M Grattan





SECRETARY: Mrs M J Nicolson





REGISTERED OFFICE: Aywick
East Yell
Shetland
ZE2 9AX





REGISTERED NUMBER: SC466305 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

Aywick Shop Ltd (Registered number: SC466305)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,714 9,518

CURRENT ASSETS
Stocks 104,676 104,823
Debtors 5 18,158 16,058
Cash at bank and in hand 141,776 122,711
264,610 243,592
CREDITORS
Amounts falling due within one year 6 87,838 86,163
NET CURRENT ASSETS 176,772 157,429
TOTAL ASSETS LESS CURRENT LIABILITIES 185,486 166,947

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 185,366 166,827
SHAREHOLDERS' FUNDS 185,486 166,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Aywick Shop Ltd (Registered number: SC466305)

Balance Sheet - continued
30 April 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 20 December 2024 and were signed on its behalf by:




Mrs M J Nicolson - Director Mrs D L Guthrie - Director




Ms H M Nicolson - Director Mrs D L McDonnell - Director




Mrs I J Nicolson - Director Mrs A M Grattan - Director


Aywick Shop Ltd (Registered number: SC466305)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Aywick Shop 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.

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 - 15% on cost
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Aywick Shop Ltd (Registered number: SC466305)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 6,390 27,716 3,816 37,922
DEPRECIATION
At 1 May 2023 - 24,874 3,530 28,404
Charge for year - 733 71 804
At 30 April 2024 - 25,607 3,601 29,208
NET BOOK VALUE
At 30 April 2024 6,390 2,109 215 8,714
At 30 April 2023 6,390 2,842 286 9,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,875 10,931
Other debtors 7,283 5,127
18,158 16,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 36,809 47,814
Taxation and social security 20,169 14,423
Other creditors 30,860 23,926
87,838 86,163