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REGISTERED NUMBER: SC703791 (Scotland)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SARKIS (SCOTLAND) LIMITED

SARKIS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC703791)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 5

SARKIS (SCOTLAND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 June 2024







DIRECTORS: I Stewart
Ms S Coghill





REGISTERED OFFICE: Orchard House
Naemoor Gardens
Rumbling Bridge
Kinross
KY13 0PY





REGISTERED NUMBER: SC703791 (Scotland)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

SARKIS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC703791)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,122 6,169

CURRENT ASSETS
Debtors 5 3,163 160
Cash at bank 7,273 23,798
10,436 23,958
CREDITORS
Amounts falling due within one year 6 5,422 7,150
NET CURRENT ASSETS 5,014 16,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,136

22,977

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 11,036 22,877
11,136 22,977

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

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

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 24 March 2025 and were signed on its behalf by:





I Stewart - Director


SARKIS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC703791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024

1. STATUTORY INFORMATION

Sarkis (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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
A directors review, at the date of this report, has been made and there are no concerns that the company will not be able to meet its current creditor terms and is trading as a going concern for at least the next 12 months, from the date of this report.

Therefore, these accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company for the foreseeable future.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 July 2023 7,590
Additions 791
At 30 June 2024 8,381
AMORTISATION
At 1 July 2023 1,421
Amortisation for year 838
At 30 June 2024 2,259
NET BOOK VALUE
At 30 June 2024 6,122
At 30 June 2023 6,169

SARKIS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC703791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 160
Tax 3,163 -
3,163 160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 899
Tax - 4,595
Directors' current accounts 4,432 666
Accrued expenses 990 990
5,422 7,150

7. RESERVES
Retained
earnings
£   

At 1 July 2023 22,877
Deficit for the year (11,841 )
At 30 June 2024 11,036

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, £4,432 (2023 £666) was owed to the directors. The loan has no repayment terms or interest.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SARKIS (SCOTLAND) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sarkis (Scotland) Limited for the year ended 30 June 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sarkis (Scotland) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sarkis (Scotland) Limited and state those matters that we have agreed to state to the Board of Directors of Sarkis (Scotland) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sarkis (Scotland) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sarkis (Scotland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sarkis (Scotland) Limited. You consider that Sarkis (Scotland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sarkis (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................