IRIS Accounts Production v25.1.0.734 SC215781 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2157812024-02-29SC2157812025-02-28SC2157812024-03-012025-02-28SC2157812023-02-28SC2157812023-03-012024-02-29SC2157812024-02-29SC215781ns15:Scotland2024-03-012025-02-28SC215781ns14:PoundSterling2024-03-012025-02-28SC215781ns10:Director12024-03-012025-02-28SC215781ns10:PrivateLimitedCompanyLtd2024-03-012025-02-28SC215781ns10:SmallEntities2024-03-012025-02-28SC215781ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-28SC215781ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-28SC215781ns10:FullAccounts2024-03-012025-02-28SC21578112024-03-012025-02-28SC215781ns10:Director22024-03-012025-02-28SC215781ns10:RegisteredOffice2024-03-012025-02-28SC215781ns5:CurrentFinancialInstruments2025-02-28SC215781ns5:CurrentFinancialInstruments2024-02-29SC215781ns5:Non-currentFinancialInstruments2025-02-28SC215781ns5:Non-currentFinancialInstruments2024-02-29SC215781ns5:ShareCapital2025-02-28SC215781ns5:ShareCapital2024-02-29SC215781ns5:RetainedEarningsAccumulatedLosses2025-02-28SC215781ns5:RetainedEarningsAccumulatedLosses2024-02-29SC215781ns5:IntangibleAssetsOtherThanGoodwill2024-03-012025-02-28SC215781ns5:ComputerSoftware2024-03-012025-02-28SC215781ns5:PlantMachinery2024-03-012025-02-28SC215781ns5:FurnitureFittings2024-03-012025-02-28SC215781ns5:MotorVehicles2024-03-012025-02-28SC215781ns5:IntangibleAssetsOtherThanGoodwill2024-02-29SC215781ns5:IntangibleAssetsOtherThanGoodwill2025-02-28SC215781ns5:IntangibleAssetsOtherThanGoodwill2024-02-29SC215781ns5:PlantMachinery2024-02-29SC215781ns5:FurnitureFittings2024-02-29SC215781ns5:MotorVehicles2024-02-29SC215781ns5:ComputerEquipment2024-02-29SC215781ns5:ComputerEquipment2024-03-012025-02-28SC215781ns5:PlantMachinery2025-02-28SC215781ns5:FurnitureFittings2025-02-28SC215781ns5:MotorVehicles2025-02-28SC215781ns5:ComputerEquipment2025-02-28SC215781ns5:PlantMachinery2024-02-29SC215781ns5:FurnitureFittings2024-02-29SC215781ns5:MotorVehicles2024-02-29SC215781ns5:ComputerEquipment2024-02-29SC215781ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-28SC215781ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29SC215781ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2025-02-28SC215781ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-29
REGISTERED NUMBER: SC215781 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Shop & Save Limited

Shop & Save Limited (Registered number: SC215781)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shop & Save Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: M Anees
Mrs N Anees





REGISTERED OFFICE: 6 High Street
Leven
Fife
KY8 4LZ





REGISTERED NUMBER: SC215781 (Scotland)





ACCOUNTANTS: akb Chartered Accountants
86 Albert Road
Glasgow
Lanarkshire
G42 8DR

Shop & Save Limited (Registered number: SC215781)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,548 11,937
Investment property 6 498,409 157,861
507,957 169,798

CURRENT ASSETS
Stocks 7 - 20,199
Debtors 8 374,599 294,599
Cash at bank and in hand 69,579 113,880
444,178 428,678
CREDITORS
Amounts falling due within one year 9 329,207 177,256
NET CURRENT ASSETS 114,971 251,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,928

421,220

CREDITORS
Amounts falling due after more than one year 10 (225,583 ) (44,440 )

PROVISIONS FOR LIABILITIES (1,665 ) (2,613 )
NET ASSETS 395,680 374,167

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 395,580 374,067
SHAREHOLDERS' FUNDS 395,680 374,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Shop & Save Limited (Registered number: SC215781)

Balance Sheet - continued
28 February 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:





M Anees - Director


Shop & Save Limited (Registered number: SC215781)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Shop & Save Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Shop & Save Limited (Registered number: SC215781)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued
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 2 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2024
and 28 February 2025 3,500
AMORTISATION
At 1 March 2024
and 28 February 2025 3,500
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

Shop & Save Limited (Registered number: SC215781)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2024
and 28 February 2025 27,555 86,833 14,404 1,862 130,654
DEPRECIATION
At 1 March 2024 18,827 84,710 14,121 1,059 118,717
Charge for year 1,746 425 57 161 2,389
At 28 February 2025 20,573 85,135 14,178 1,220 121,106
NET BOOK VALUE
At 28 February 2025 6,982 1,698 226 642 9,548
At 29 February 2024 8,728 2,123 283 803 11,937

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024 256,383
Additions 345,676
At 28 February 2025 602,059
DEPRECIATION
At 1 March 2024 98,522
Charge for year 5,128
At 28 February 2025 103,650
NET BOOK VALUE
At 28 February 2025 498,409
At 29 February 2024 157,861

7. STOCKS
28.2.25 29.2.24
£    £   
Stocks - 20,199

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Other debtors 374,599 294,599

Shop & Save Limited (Registered number: SC215781)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Taxation and social security 6,546 11,401
Other creditors 322,661 165,855
329,207 177,256

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Bank loans 11,665 21,665
Other creditors 213,918 22,775
225,583 44,440

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Energy Saving Loan 19,473 22,775
RBS Loan 194,445 -
213,918 22,775

11. ULTIMATE CONTROLLING PARTY

Both Mr M Anees and Mrs N Anees are, jointly, the ultimate controlling party. Both are directors and hold 50% each of the share capital in the company.