REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 June 2024 |
for |
Scissors (Newry) Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 June 2024 |
for |
Scissors (Newry) Limited |
Scissors (Newry) Limited (Registered number: NI055704) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Scissors (Newry) Limited |
Company Information |
for the Year Ended 30 June 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
35 Main St |
Hilltown |
Newry |
Co. Down |
BT34 5UJ |
Scissors (Newry) Limited (Registered number: NI055704) |
Abridged Balance Sheet |
30 June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
Scissors (Newry) Limited (Registered number: NI055704) |
Abridged Balance Sheet - continued |
30 June 2024 |
The financial statements were approved by the director and authorised for issue on |
Scissors (Newry) Limited (Registered number: NI055704) |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
Scissors (Newry) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The balance sheet has net liabilities however the director believes that it is appropriate for the financial statements to be prepared on the going concern basis. |
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 |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
Scissors (Newry) Limited (Registered number: NI055704) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The owner of the property, Ms Catriona Boyle, did not charge the company any rent for the year ended 30 June 2024. |
At the year end the company owed the director the sum of £1,288. This balance is included within other creditors. |
6. | RELATED PARTY DISCLOSURES |
Included within Other Creditors is an amount outstanding to Mr John Boyle for £271,250. There was no interest charged on this balance. Mr John Boyle is a related party of the director. Repayment of funds provided by Mr Boyle is not expected until the company returns to a profitable position. |