Company Registration No. SC513922 (Scotland)
The Dolls House (Inverness) Ltd
Filleted accounts
for the year ended 31 August 2024
The Dolls House (Inverness) Ltd
Filleted accounts
Contents
The Dolls House (Inverness) Ltd
Company Information
for the year ended 31 August 2024
Company Number
SC513922 (Scotland)
Registered Office
22b Longman Drive
Inverness
IV1 1SU
United Kingdom
Accountants
Cameron Consulting (Scotland) Ltd
7 Poles Road
Dornoch
IV25 3HP
The Dolls House (Inverness) Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
2
7,476
Creditors: amounts falling due within one year
(10,294)
(12,623)
Net current assets
6,345
8,792
Total assets less current liabilities
6,345
8,792
Creditors: amounts falling due after more than one year
(6,250)
(8,750)
Called up share capital
2
2
Profit and loss account
93
40
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 March 2025 and were signed on its behalf by
Stephanie Foran
Director
Company Registration No. SC513922
The Dolls House (Inverness) Ltd
Notes to the Accounts
for the year ended 31 August 2024
The Dolls House (Inverness) Ltd is a private company, limited by shares, registered in Scotland, registration number SC513922. The registered office is 22b Longman Drive, Inverness, IV1 1SU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
over 3 years
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Dolls House (Inverness) Ltd
Notes to the Accounts
for the year ended 31 August 2024
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
7,329
972
8,301
At 31 August 2024
7,329
972
8,301
At 1 September 2023
7,329
972
8,301
At 31 August 2024
7,329
972
8,301
Amounts falling due within one year
Other debtors
15,637
12,939
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,293
5,000
Taxes and social security
483
3,045
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
12,939
15,637
12,939
15,637
12,939
15,637
12,939
15,637
The Dolls House (Inverness) Ltd
Notes to the Accounts
for the year ended 31 August 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).