The Present Shop Limited 30/04/2021 iXBRL

The Present Shop Limited 30/04/2021 iXBRL

THE PRESENT SHOP LIMITED - Company Information

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Company registration number: SC195314
The Present Shop Limited
Unaudited filleted financial statements
30 April 2021
The Present Shop Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
The Present Shop Limited
Directors and other information
Directors James Collins
Astrid Svenson
Company number SC195314
Registered office 7 Seafield Gardens
Kirkcaldy
Fife
KY1 1PJ
Accountants Paterson Boyd & Co
18 North Street
Glenrothes
Fife
KY7 5NA
The Present Shop Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of The Present Shop Limited
Year ended 30 April 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Present Shop Limited for the year ended 30 April 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of The Present Shop Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Present Shop Limited and state those matters that we have agreed to state to the board of directors of The Present Shop Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Present Shop Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Present Shop Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Present Shop Limited. You consider that The Present Shop Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Present Shop Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Paterson Boyd & Co
Chartered Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
27 January 2022
The Present Shop Limited
Statement of financial position
30 April 2021
2021 2020
£ £ £ £
Fixed assets 18,081 11,101
_______ _______
Current assets 122,243 109,863
Prepayments and accrued income 1,250 1,175
_______ _______
123,493 111,038
Creditors: amounts falling due within one year ( 17,117) ( 18,705)
_______ _______
Net current assets 106,376 92,333
_______ _______
Total assets less current liabilities 124,457 103,434
Creditors: amounts falling due after more than one year ( 6,836) -
Accruals and deferred income ( 1,000) ( 1,392)
_______ _______
Net assets 116,621 102,042
_______ _______
Capital and reserves 116,621 102,042
_______ _______
Notes to the financial statements
The Present Shop Limited
Year ended 30 April 2021
1. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2020: 6 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
James Collins ( 34) 4,680 ( 4,819) ( 173)
Astrid Svenson ( 34) 4,680 ( 4,819) ( 173)
_______ _______ _______ _______
( 68) 9,360 ( 9,638) ( 346)
_______ _______ _______ _______
2020
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
James Collins ( 56) 4,840 ( 4,818) ( 34)
Astrid Svenson ( 56) 4,840 ( 4,818) ( 34)
_______ _______ _______ _______
( 112) 9,680 ( 9,636) ( 68)
_______ _______ _______ _______
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 27 January 2022 , and are signed on behalf of the board by:
James Collins
Director
Company registration number: SC195314
The company is a private company limited by shares, registered in Scotland.