Edinburgh Provisions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC154496 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Edinburgh Provisions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C A Herd

SECRETARY:

Ms P K L Herd

REGISTERED OFFICE:

17-21 East Mayfield

Edinburgh

EH9 1SE

REGISTERED NUMBER:

SC154496 (Scotland)

ACCOUNTANTS:

Helen Lowe Ltd

17-21 East Mayfield

Edinburgh

EH9 1SE

FIXED ASSETS

Tangible assets

4

80,911

89,667

CURRENT ASSETS

Stocks

186,840

236,092

Debtors

5

55,780

137,022

Cash at bank and in hand

634,506

492,127

877,126

865,241

CREDITORS

Amounts falling due within one year

6

50,801

39,850

NET CURRENT ASSETS

826,325

825,391

TOTAL ASSETS LESS CURRENT LIABILITIES

907,236

915,058

PROVISIONS FOR LIABILITIES

15,373

17,037

NET ASSETS

891,863

898,021

CAPITAL AND RESERVES

Called up share capital

130,000

130,000

Retained earnings

761,863

768,021

SHAREHOLDERS' FUNDS

891,863

898,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 17 August 2021 and were signed by:

C A Herd - Director

1.	STATUTORY INFORMATION

Edinburgh Provisions 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.

Plant and machinery etc

-

20% on reducing balance

Stocks

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

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 7 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

178,500

Additions

14,708

At 31 March 2021

193,208

DEPRECIATION

At 1 April 2020

88,833

Charge for year

23,464

At 31 March 2021

112,297

NET BOOK VALUE

At 31 March 2021

80,911

At 31 March 2020

89,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

15,622

85,662

Other debtors

40,158

51,360

55,780

137,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

36,722

34,256

Taxation and social security

13,379

5,594

Other creditors

700

-

50,801

39,850

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21

31.3.20

£

£

C A Herd

Balance outstanding at start of year

2,067

123,085

Amounts repaid

(2,067

)

(121,018

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,067