Company registration number SC463690 (Scotland)
SIZE4 FOOTWEAR.COM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SIZE4 FOOTWEAR.COM LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SIZE4 FOOTWEAR.COM LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
66
82
Current assets
Stocks
11,986
12,230
Debtors
4
519
308
Cash at bank and in hand
553
1,430
13,058
13,968
Creditors: amounts falling due within one year
5
(68,775)
(66,300)
Net current liabilities
(55,717)
(52,332)
Net liabilities
(55,651)
(52,250)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(55,751)
(52,350)
Total equity
(55,651)
(52,250)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 10 March 2025 and are signed on its behalf by:
Mr A McGrady
Director
Company Registration No. SC463690
SIZE4 FOOTWEAR.COM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information
Size4 Footwear.Com Limited is a private company limited by shares incorporated in Scotland. The registered office is 68 Boundary Road, Heathfield, Ayr, Ayrshire, United Kingdom, KA8 9DJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Going concern
At the end of the year the company had a net liability position of £55,651 in the balance sheet, however the accounts have been prepared on a going concern basis owed to the continued support of the director.true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
- 20% on cost
Computers
- 33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.6
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
SIZE4 FOOTWEAR.COM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 December 2023 and 30 November 2024
3,033
1,217
4,250
Depreciation and impairment
At 1 December 2023
2,951
1,217
4,168
Depreciation charged in the year
16
16
At 30 November 2024
2,967
1,217
4,184
Carrying amount
At 30 November 2024
66
66
At 30 November 2023
82
82
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
519
308
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,028
Corporation tax
20
Other creditors
68,775
62,252
68,775
66,300