REGISTERED NUMBER: SC708220 (Scotland)

Unaudited Financial Statements For The Year Ended 30 September 2024

for

Murieston Convenience Store Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Mahmood

REGISTERED OFFICE:

26 Murieston Valley

Livingston

EH54 9HB

REGISTERED NUMBER:

SC708220 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan

95-107 Lancefield Street

Glasgow

Lanarkshire

G3 8HZ

FIXED ASSETS

Tangible assets

4

99,197

120,660

CURRENT ASSETS

Stocks

5

80,324

100,324

Debtors

6

102,826

1,000

Cash at bank and in hand

105,304

52,129

288,454

153,453

CREDITORS

Amounts falling due within one year

7

288,580

209,376

NET CURRENT LIABILITIES

(126

)

(55,923

)

TOTAL ASSETS LESS CURRENT LIABILITIES

99,071

64,737

CREDITORS

Amounts falling due after more than one year

8

-

48,772

NET ASSETS

99,071

15,965

RESERVES

Retained earnings

9

99,071

15,965

99,071

15,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 10 September 2025 and were signed by:

K Mahmood - Director

1.	STATUTORY INFORMATION

Murieston Convenience Store 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2023

177,354

Additions

3,336

At 30 September 2024

180,690

DEPRECIATION

At 1 October 2023

56,694

Charge for year

24,799

At 30 September 2024

81,493

NET BOOK VALUE

At 30 September 2024

99,197

At 30 September 2023

120,660

5.

STOCKS

30.9.24

30.9.23

£

£

Stocks

80,324

100,324

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other debtors

102,826

1,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

37,538

19,215

Tax

52,708

10,295

Social security and other taxes

7,638

-

VAT

27,256

10,750

Director's loan acc

130,228

132,764

Accrued expenses

33,212

36,352

288,580

209,376

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

M & K loan

-

48,772

9.

RESERVES

Retained

earnings

£

At 1 October 2023

15,965

Profit for the year

131,106

Dividends

(48,000

)

At 30 September 2024

99,071