Registered number
SC648792
Pram Shop Kirkcaldy Ltd
Filleted Accounts
31 December 2024
Pram Shop Kirkcaldy Ltd
Registered number: SC648792
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,693 1,387
Current assets
Stocks 76,598 69,398
Debtors 4 (1,988) -
Cash at bank and in hand 1,261 11,637
75,871 81,035
Creditors: amounts falling due within one year 5 (16,763) (19,636)
Net current assets 59,108 61,399
Total assets less current liabilities 60,801 62,786
Creditors: amounts falling due after more than one year 6 (20,867) (26,888)
Provisions for liabilities - (264)
Net assets 39,934 35,634
Capital and reserves
Called up share capital 100 100
Profit and loss account 39,834 35,534
Shareholders' funds 39,934 35,634
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V Blankenstein
Director
Approved by the board on 2 June 2025
Pram Shop Kirkcaldy Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% by Reducing Balance
Plant and Machinery 15% by Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 918 2,292 3,210
Additions 686 - 686
At 31 December 2024 1,604 2,292 3,896
Depreciation
At 1 January 2024 397 1,426 1,823
Charge for the year 164 216 380
At 31 December 2024 561 1,642 2,203
Net book value
At 31 December 2024 1,043 650 1,693
At 31 December 2023 521 866 1,387
4 Debtors 2024 2023
£ £
Trade debtors (2,310) -
Deferred tax asset 322 -
(1,988) -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 46 -
Pension Creditor 1,091 -
Trade creditors 21,202 13,384
Taxation and social security costs (2,488) 5,930
Other creditors (3,088) 322
16,763 19,636
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,867 27,388
Family Loans - (500)
20,867 26,888
7 Other information
Pram Shop Kirkcaldy Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
No.1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
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