Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC682357 Mr Shoukat Ali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC682357 2023-11-30 SC682357 2024-11-30 SC682357 2023-12-01 2024-11-30 SC682357 frs-core:CurrentFinancialInstruments 2024-11-30 SC682357 frs-core:ComputerEquipment 2024-11-30 SC682357 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC682357 frs-core:ComputerEquipment 2023-11-30 SC682357 frs-core:FurnitureFittings 2024-11-30 SC682357 frs-core:FurnitureFittings 2023-12-01 2024-11-30 SC682357 frs-core:FurnitureFittings 2023-11-30 SC682357 frs-core:ShareCapital 2024-11-30 SC682357 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC682357 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC682357 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC682357 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC682357 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC682357 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC682357 frs-bus:Director1 2023-12-01 2024-11-30 SC682357 frs-countries:Scotland 2023-12-01 2024-11-30 SC682357 2022-11-30 SC682357 2023-11-30 SC682357 2022-12-01 2023-11-30 SC682357 frs-core:CurrentFinancialInstruments 2023-11-30 SC682357 frs-core:ShareCapital 2023-11-30 SC682357 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: SC682357
BARGAINS SHOP LTD
Unaudited Financial Statements
For The Year Ended 30 November 2024
Global Accountancy Practice
10 Allison Street
Glasgow
G42 8NN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC682357
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,980 6,975
5,980 6,975
CURRENT ASSETS
Stocks 5 13,265 14,780
Cash at bank and in hand 11,899 14,711
25,164 29,491
Creditors: Amounts Falling Due Within One Year 6 (34,890 ) (39,820 )
NET CURRENT ASSETS (LIABILITIES) (9,726 ) (10,329 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,746 ) (3,354 )
NET LIABILITIES (3,746 ) (3,354 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (3,846 ) (3,454 )
SHAREHOLDERS' FUNDS (3,746) (3,354)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Shoukat Ali
Director
29th August 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
BARGAINS SHOP LTD is a private company, limited by shares, incorporated in Scotland, registered number SC682357 . The registered office is 738 Anniesland Road, Glasgow, G14 0YU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10 %
Computer Equipment 10 %
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 6,635 3,325 9,960
As at 30 November 2024 6,635 3,325 9,960
Depreciation
As at 1 December 2023 2,321 664 2,985
Provided during the period 663 332 995
As at 30 November 2024 2,984 996 3,980
...CONTINUED
Page 2
Page 3
Net Book Value
As at 30 November 2024 3,651 2,329 5,980
As at 1 December 2023 4,314 2,661 6,975
5. Stocks
2024 2023
£ £
Finished goods 13,265 14,780
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 1,334 -
Other creditors 4,450 5,900
Accruals and deferred income 6,240 5,320
Director's loan account 22,866 28,600
34,890 39,820
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3