Allermuir Restaurant Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC648070 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2022

for

Allermuir Restaurant Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr J A Snowdon

Mr L G Morse

Mr A Byrne

REGISTERED OFFICE:

1 Palmerston Place

Edinburgh

Scotland

Scotland

EH12 5AF

REGISTERED NUMBER:

SC648070 (Scotland)

ACCOUNTANTS:

Squires Worcester Limited T/A

Matthew Squire (AFA) & Company

5 Moor Street

Worcester

Worcestershire

WR1 3DB

FIXED ASSETS

Tangible assets

4

126,325

131,912

CURRENT ASSETS

Stocks

8,581

4,921

Debtors

5

44,064

41,656

Cash at bank and in hand

129,637

83,126

182,282

129,703

CREDITORS

Amounts falling due within one year

6

(241,811

)

(255,660

)

NET CURRENT LIABILITIES

(59,529

)

(125,957

)

TOTAL ASSETS LESS CURRENT LIABILITIES

66,796

5,955

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

149,999

149,999

Retained earnings

(83,206

)

(144,047

)

66,796

5,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2023 and were signed on its behalf by:

Mr L G Morse - Director

Mr J A Snowdon - Director

1.	STATUTORY INFORMATION

Allermuir Restaurant 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2021 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 December 2021

27,914

7,947

102,068

Additions

-

18,839

6,070

At 30 November 2022

27,914

26,786

108,138

DEPRECIATION

At 1 December 2021

3,268

187

7,091

Charge for year

6,162

2,638

24,936

At 30 November 2022

9,430

2,825

32,027

NET BOOK VALUE

At 30 November 2022

18,484

23,961

76,111

At 30 November 2021

24,646

7,760

94,977

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2021

-

4,857

142,786

Additions

3,500

1,856

30,265

At 30 November 2022

3,500

6,713

173,051

DEPRECIATION

At 1 December 2021

-

328

10,874

Charge for year

802

1,314

35,852

At 30 November 2022

802

1,642

46,726

NET BOOK VALUE

At 30 November 2022

2,698

5,071

126,325

At 30 November 2021

-

4,529

131,912

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Trade debtors

14,931

4,229

Other debtors

5,633

5,211

Rent Deposit

19,800

19,800

Prepayments

3,700

12,416

44,064

41,656

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Trade creditors

46,831

69,574

Social security and other taxes

1,085

9,180

Wages Control

38,164

29,970

Pension Control

2,732

1,552

VAT

55,286

4,555

Other creditors

1,310

21,835

Directors' current accounts

95,903

118,494

Accruals and deferred income

500

500

241,811

255,660

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2022 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Squires Worcester Limited T/A

Matthew Squire (AFA) & Company

5 Moor Street

Worcester

Worcestershire

WR1 3DB

23 May 2023