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REGISTERED NUMBER: SC250616 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Ma Simpson'S Ltd.

Ma Simpson'S Ltd. (Registered number: SC250616)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Ma Simpson'S Ltd.

Company Information
for the Year Ended 31 August 2024







DIRECTOR: C Stirk





REGISTERED OFFICE: The Old School
Barras
Stonehaven
Aberdeenshire
AB39 2AJ





REGISTERED NUMBER: SC250616 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
11 Margaret Street
Stonehaven
Aberdeenshire
AB39 2AY

Ma Simpson'S Ltd. (Registered number: SC250616)

Report of the Director
for the Year Ended 31 August 2024

The director presents her report with the financial statements of the company for the year ended 31 August 2024.

DIRECTOR
C Stirk held office during the whole of the period from 1 September 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C Stirk - Director


28 May 2025

Ma Simpson'S Ltd. (Registered number: SC250616)

Income Statement
for the Year Ended 31 August 2024

31.8.24 31.8.23
£    £   

TURNOVER 17,827 15,771

Cost of sales 4,590 7,186
GROSS PROFIT 13,237 8,585

Administrative expenses 12,654 12,862
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 583 (4,277 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

583

(4,277

)

Ma Simpson'S Ltd. (Registered number: SC250616)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,533 83,533

CURRENT ASSETS
Stocks 8,271 8,016
Cash at bank 322 276
8,593 8,292
CREDITORS
Amounts falling due within one year 5 165,860 166,142
NET CURRENT LIABILITIES (157,267 ) (157,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(73,734

)

(74,317

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (73,834 ) (74,417 )
SHAREHOLDERS' FUNDS (73,734 ) (74,317 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





C Stirk - Director


Ma Simpson'S Ltd. (Registered number: SC250616)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Ma Simpson'S Ltd. 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Ma Simpson'S Ltd. (Registered number: SC250616)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 53,632 29,901 8,860 92,393
DEPRECIATION
At 1 September 2023
and 31 August 2024 - - 8,860 8,860
NET BOOK VALUE
At 31 August 2024 53,632 29,901 - 83,533
At 31 August 2023 53,632 29,901 - 83,533

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 165,860 166,142