Craigend Nursery & Coffee Shop Ltd - Accounts to registrar (filleted) - small 23.1.2

Craigend Nursery & Coffee Shop Ltd - Accounts to registrar (filleted) - small 23.1.2


IRIS Accounts Production v23.1.0.753 SC538150 Board of Directors 1.11.21 31.10.22 31.10.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5381502021-10-31SC5381502022-10-31SC5381502021-11-012022-10-31SC5381502020-06-30SC5381502020-07-012021-10-31SC5381502021-10-31SC538150ns16:Scotland2021-11-012022-10-31SC538150ns15:PoundSterling2021-11-012022-10-31SC538150ns11:Director12021-11-012022-10-31SC538150ns11:PrivateLimitedCompanyLtd2021-11-012022-10-31SC538150ns11:SmallEntities2021-11-012022-10-31SC538150ns11:AuditExempt-NoAccountantsReport2021-11-012022-10-31SC538150ns11:SmallCompaniesRegimeForDirectorsReport2021-11-012022-10-31SC538150ns11:SmallCompaniesRegimeForAccounts2021-11-012022-10-31SC538150ns11:AbridgedAccounts2021-11-012022-10-31SC53815012021-11-012022-10-31SC538150ns6:CurrentFinancialInstruments2022-10-31SC538150ns6:CurrentFinancialInstruments2021-10-31SC538150ns6:Non-currentFinancialInstruments2022-10-31SC538150ns6:Non-currentFinancialInstruments2021-10-31SC538150ns6:ShareCapital2022-10-31SC538150ns6:ShareCapital2021-10-31SC538150ns6:RetainedEarningsAccumulatedLosses2022-10-31SC538150ns6:RetainedEarningsAccumulatedLosses2021-10-31SC538150ns11:RegisteredOffice2021-11-012022-10-31SC538150ns6:NetGoodwill2021-11-012022-10-31SC538150ns6:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-31SC538150ns6:WithinOneYearns6:CurrentFinancialInstruments2022-10-31SC538150ns6:WithinOneYearns6:CurrentFinancialInstruments2021-10-31SC538150ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-10-31SC538150ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-10-31SC538150ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-10-31SC538150ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-10-31SC538150ns6:DeferredTaxation2021-10-31SC538150ns6:DeferredTaxation2021-11-012022-10-31SC538150ns6:DeferredTaxation2022-10-31SC53815012021-11-012022-10-31
REGISTERED NUMBER: SC538150 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

CRAIGEND NURSERY & COFFEE SHOP LTD

CRAIGEND NURSERY & COFFEE SHOP LTD (REGISTERED NUMBER: SC538150)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 4


CRAIGEND NURSERY & COFFEE SHOP LTD (REGISTERED NUMBER: SC538150)

ABRIDGED BALANCE SHEET
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,800 11,200
Tangible assets 5 40,374 33,871
49,174 45,071

CURRENT ASSETS
Stocks 68,104 43,167
Debtors 2,379 2,308
Cash at bank and in hand 2,860 15,965
73,343 61,440
CREDITORS
Amounts falling due within one year 90,759 49,861
NET CURRENT (LIABILITIES)/ASSETS (17,416 ) 11,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,758

56,650

CREDITORS
Amounts falling due after more than one
year

(30,817

)

(40,000

)

PROVISIONS FOR LIABILITIES 7 (7,671 ) (6,435 )
NET (LIABILITIES)/ASSETS (6,730 ) 10,215

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,830 ) 10,115
(6,730 ) 10,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CRAIGEND NURSERY & COFFEE SHOP LTD (REGISTERED NUMBER: SC538150)

ABRIDGED BALANCE SHEET - continued
31 October 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

CRAIGEND NURSERY & COFFEE SHOP LTD (REGISTERED NUMBER: SC538150)

ABRIDGED BALANCE SHEET - continued
31 October 2022



The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:





Mrs J T Watson - Director


CRAIGEND NURSERY & COFFEE SHOP LTD (REGISTERED NUMBER: SC538150)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Craigend Nursery & Coffee Shop Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC538150

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
North Lanarkshire
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.


CRAIGEND NURSERY & COFFEE SHOP LTD (REGISTERED NUMBER: SC538150)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

2. ACCOUNTING POLICIES - continued
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 19 (2021 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2021
and 31 October 2022 24,000
AMORTISATION
At 1 November 2021 12,800
Amortisation for year 2,400
At 31 October 2022 15,200
NET BOOK VALUE

At 31 October 2022 8,800
At 31 October 2021 11,200

CRAIGEND NURSERY & COFFEE SHOP LTD (REGISTERED NUMBER: SC538150)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2021 42,250
Additions 24,500
Disposals (15,000 )
At 31 October 2022 51,750
DEPRECIATION
At 1 November 2021 8,379
Charge for year 3,560
Eliminated on disposal (563 )
At 31 October 2022 11,376
NET BOOK VALUE
At 31 October 2022 40,374
At 31 October 2021 33,871

6. LOANS

An analysis of the maturity of loans is given below:

31.10.22 31.10.21
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,817 30,000

7. PROVISIONS FOR LIABILITIES
31.10.22 31.10.21
£    £   
Deferred tax 7,671 6,435

Deferred
tax
£   
Balance at 1 November 2021 6,435
Provided during year 1,236
Balance at 31 October 2022 7,671

CRAIGEND NURSERY & COFFEE SHOP LTD (REGISTERED NUMBER: SC538150)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

8. POST BALANCE SHEET EVENTS

As a member of the agricultural and retail sector the business was subject to the various mandatory shut downs imposed by both the UK and Scottish Governments. As a result, in certain periods, the business was required to cease or restrict certain operations when restrictions were imposed.