Ann Nisbet Ltd - Accounts to registrar (filleted) - small 23.2.5

Ann Nisbet Ltd - Accounts to registrar (filleted) - small 23.2.5


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REGISTERED NUMBER: SC456443 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ANN NISBET LTD

ANN NISBET LTD (REGISTERED NUMBER: SC456443)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANN NISBET LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Ms. A G Nisbet





REGISTERED OFFICE: C/O Kean Jarman & Co.
27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC456443 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

ANN NISBET LTD (REGISTERED NUMBER: SC456443)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,229 5,284

CURRENT ASSETS
Stocks 25,062 13,219
Debtors 5 16,878 12,115
Cash at bank 133,969 107,281
175,909 132,615
CREDITORS
Amounts falling due within one year 6 46,480 29,962
NET CURRENT ASSETS 129,429 102,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,658

107,937

PROVISIONS FOR LIABILITIES 994 1,004
NET ASSETS 133,664 106,933

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133,564 106,833
SHAREHOLDERS' FUNDS 133,664 106,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ANN NISBET LTD (REGISTERED NUMBER: SC456443)

BALANCE SHEET - continued
31 March 2023


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 20 September 2023 and were signed by:





Ms. A G Nisbet - Director


ANN NISBET LTD (REGISTERED NUMBER: SC456443)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ann Nisbet 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.
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

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.

ANN NISBET LTD (REGISTERED NUMBER: SC456443)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 11,412
Additions 868
At 31 March 2023 12,280
DEPRECIATION
At 1 April 2022 6,128
Charge for year 923
At 31 March 2023 7,051
NET BOOK VALUE
At 31 March 2023 5,229
At 31 March 2022 5,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 16,638 11,915
Prepayments and accrued income 240 200
16,878 12,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 26,163 12,065
Social security and other taxes 705 5,604
VAT 11,376 3,352
Directors' current accounts 1,486 1,897
Accrued expenses 6,750 7,044
46,480 29,962

7. RELATED PARTY DISCLOSURES

At the year end the company director was owed £1,486 (2022-£1,897) in unpaid expenses. £1,897 was the maximum amount outstanding during the year.