Company registration number SC507450 (Scotland)
OBSERVER SHOP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
OBSERVER SHOP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
OBSERVER SHOP LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,433
2,012
Current assets
Stocks
30,682
28,932
Debtors
587
294
Cash at bank and in hand
26,697
19,909
57,966
49,135
Creditors: amounts falling due within one year
(52,137)
(50,764)
Net current assets/(liabilities)
5,829
(1,629)
Total assets less current liabilities
7,262
383
Creditors: amounts falling due after more than one year
(5,905)
-
Provisions for liabilities
(272)
(382)
Net assets
1,085
1
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
1,075
(9)
Total equity
1,085
1
OBSERVER SHOP LTD
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 20 November 2025
Mr J R Carmichael
Director
Company registration number SC507450 (Scotland)
OBSERVER SHOP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Observer Shop 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.

1.1
Basis of preparation

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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover represents the amounts derived from the provision of goods which fall within the company's ordinary activities. Revenue is recognised on provision of goods.

1.3
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Computer equipment
33% on a straight line basis
Motor vehicles
20% on a reducing balance basis
1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
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

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.

OBSERVER SHOP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
2
Employees

The average number of employees during the year was 3 (2023 - 3).

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Computer equipment
Motor vehicles
Total
£
£
£
Cost
At 1 September 2024 and 31 August 2025
2,533
8,400
10,933
Depreciation and impairment
At 1 September 2024
1,930
6,991
8,921
Depreciation charged in the year
297
282
579
At 31 August 2025
2,227
7,273
9,500
Carrying amount
At 31 August 2025
306
1,127
1,433
At 31 August 2024
603
1,409
2,012
4
Related party transactions

The following amounts were outstanding at the reporting end date: £30,821 (2024: £29,621).

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