Company Registration No. SC465398 (Scotland)
Sinclair General Stores Limited
Unaudited financial statements
for the year ended 31 March 2024
Pages for filing with the registrar
Sinclair General Stores Limited
Balance sheet
As at 31 March 2024
1
2024
2023
as restated
£
£
£
£
Current assets
65,706
252,116
Creditors: amounts falling due within one year
(194,019)
Net current assets
65,706
58,097
Net assets
65,706
58,097
Capital and reserves
65,706
58,097
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
2
10
2
Prior year adjustments
During the year, it was identified that a receivable included in the financial statements for the year 31 March 2023 was not recoverable. This resulted in an overstatement of trade debtors and profit for that period.
In accordance with FRS 105 Section 8, the comparative figures have been restated to reflect the write-off of the bad debt. The impact of the adjustment is as follows:
Trade debtors as at 31 March 2023 have been reduced by £46,971 from £299,087 to £252,116.
Net assets as at 31 March 2023 have been reduced by £46,971 from £105,068 to £58,097.
This adjustment ensures that the financial statements present a true and fair view of the company’s financial position.
Sinclair General Stores Limited
Balance sheet (continued)
As at 31 March 2024
2
Sinclair General Stores Limited is a private company limited by shares incorporated in Scotland. The registered office is Bea Ness, Sanday, Orkney, KW17 2BJ.
For the year ended 31 March 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 in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime.
The financial statements were approved by the board of directors and authorised for issue on 25 July 2025 and are signed on its behalf by:
Malcolm Sinclair
Jackie Sinclair
Director
Director
Company Registration No. SC465398