The Bar (Scotland) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC336343 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

The Bar (Scotland) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M W Hay

A W Hay

SECRETARY:

Mrs S E Hay

REGISTERED OFFICE:

No.2 Wallace Neuk Cottage

Kelso

Roxburghshire

TD5 8JW

REGISTERED NUMBER:

SC336343 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

11 Somerset Place

Glasgow

G3 7JT

FIXED ASSETS

Tangible assets

2

33,089

14,179

CURRENT ASSETS

Stocks

1,910

390

Debtors

10,696

-

Cash at bank

146

6,748

12,752

7,138

CREDITORS

Amounts falling due within one year

27,316

8,551

NET CURRENT LIABILITIES

(14,564

)

(1,413

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,525

12,766

CREDITORS

Amounts falling due after more than one
year

(10,479

)

-

PROVISIONS FOR LIABILITIES

(6,618

)

(2,836

)

NET ASSETS

1,428

9,930

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,328

9,830

SHAREHOLDERS' FUNDS

1,428

9,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 September 2016 and were signed on its behalf
by:

M W Hay - Director

A W Hay - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

32,087

Additions

27,733

At 31 March 2016

59,820

DEPRECIATION

At 1 April 2015

17,908

Charge for year

8,823

At 31 March 2016

26,731

NET BOOK VALUE

At 31 March 2016

33,089

At 31 March 2015

14,179

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100