Company Registration No. SC604282 (Scotland)
Silky Pickle Ltd
Unaudited accounts
for the year ended 31 August 2024
Silky Pickle Ltd
Unaudited accounts
Contents
Silky Pickle Ltd
Company Information
for the year ended 31 August 2024
Directors
MJ Belcher
NA Ferguson
Company Number
SC604282 (Scotland)
Registered Office
ALBY'S
8 Portland Place
Edinburgh
EH6 6LA
Accountants
Added Accounting Ltd
8 Whitehouse Crescent
Gorebridge
EH23 4FT
Silky Pickle Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
131,911
146,425
Cash at bank and in hand
47,481
24,319
Creditors: amounts falling due within one year
(196,315)
(131,538)
Net current liabilities
(79,956)
(86,116)
Total assets less current liabilities
51,955
60,309
Creditors: amounts falling due after more than one year
(48,105)
(50,709)
Called up share capital
2
2
Profit and loss account
3,848
9,598
Shareholders' funds
3,850
9,600
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 directors acknowledge their 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 of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
MJ Belcher
Director
Company Registration No. SC604282
Silky Pickle Ltd
Notes to the Accounts
for the year ended 31 August 2024
Silky Pickle Ltd is a private company, limited by shares, registered in Scotland, registration number SC604282. The registered office is ALBY'S, 8 Portland Place, Edinburgh, EH6 6LA.
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.
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:
Land & buildings
No depreciation
Plant & machinery
Straight line between 3 and 5 years
Motor vehicles
Straight line over 5 years
Computer equipment
Straight line over 3 years
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
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
87,520
94,813
5,829
593
188,755
Additions
-
11,159
-
-
11,159
At 31 August 2024
87,520
105,972
5,829
593
199,914
At 1 September 2023
-
41,608
607
115
42,330
Charge for the year
-
24,310
1,166
197
25,673
At 31 August 2024
-
65,918
1,773
312
68,003
At 31 August 2024
87,520
40,054
4,056
281
131,911
At 31 August 2023
87,520
53,205
5,222
478
146,425
Silky Pickle Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
41,895
12,405
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,744
8,671
Obligations under finance leases and hire purchase contracts
3,642
6,700
Trade creditors
25,793
7,758
Taxes and social security
5,400
5,236
Loans from directors
91,705
86,158
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,747
2,807
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 14 (2023: 14).