THE SANDWICH SHOP GLENROTHES LIMITED


Directors	Carole Ann Taggerty
	John Taggerty
	Michael Taggerty


Registered Address	Glemis Centre
	Pitteuchar
	Glenrothes
	KY7 4RH


Registered Number	SC572281 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	31 Mar 2025		31 Jul 2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,607		3,501
			4,607		3,501
Current assets
Stocks		3,000		3,004
Debtors	4	15,070		8,476
Cash at bank and on hand		31,865		13,953
		49,935		25,433
Creditors amounts falling due within one year	5	(37,850)		(25,900)
Net current assets (liabilities)			12,085		(467)
Total assets less current liabilities			16,692		3,034
Provisions for liabilities			(528)		(665)
Net assets			16,164		2,369
Capital and reserves
Called up share capital			90		90
Profit and loss account			16,074		2,279
Shareholders' funds			16,164		2,369

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 11 December 2025, and are signed on its behalf by:

Michael Taggerty
Director
Registered Company No. SC572281

THE SANDWICH SHOP GLENROTHES LIMITED

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	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.

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

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Fixtures and fittings	5
	Vehicles	5
	Office Equipment	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	14		15

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 August 24	15,078	9,350	7,881	1,417	33,726
Additions	411	-	2,200	-	2,611
At 31 March 25	15,489	9,350	10,081	1,417	36,337
Depreciation and impairment
At 01 August 24	12,323	9,350	7,135	1,417	30,225
Charge for year	783	-	722	-	1,505
At 31 March 25	13,106	9,350	7,857	1,417	31,730
Net book value
At 31 March 25	2,383	-	2,224	-	4,607
At 31 July 24	2,755	-	746	-	3,501

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	329
Other debtors	15,070	7,421
Prepayments and accrued income	-	726
Total	15,070	8,476

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	5,400	2,339
Taxation and social security	19,242	13,805
Other creditors	11,179	6,699
Accrued liabilities and deferred income	2,029	3,057
Total	37,850	25,900