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REGISTERED NUMBER: SC638024 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

BUCKS GLASGOW LTD

BUCKS GLASGOW LTD (REGISTERED NUMBER: SC638024)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BUCKS GLASGOW LTD

COMPANY INFORMATION
for the Year Ended 31 October 2021







DIRECTOR: Mrs M Mooney Bergson



REGISTERED OFFICE: 22 Backbrae Street
Kilsyth
Lanarkshire
G65 0NH



REGISTERED NUMBER: SC638024 (Scotland)



ACCOUNTANTS: Curle & Co
Chartered Accountants
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: Clydesdale Bank
30 St Vincent Street
Glasgow
G1 2HL

BUCKS GLASGOW LTD (REGISTERED NUMBER: SC638024)

ABRIDGED BALANCE SHEET
31 October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,492 82,497

CURRENT ASSETS
Stocks 10,178 45,000
Debtors 833 833
Cash at bank 865,132 353,256
876,143 399,089
CREDITORS
Amounts falling due within one year 780,140 470,661
NET CURRENT ASSETS/(LIABILITIES) 96,003 (71,572 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,495

10,925

PROVISIONS FOR LIABILITIES 8,914 8,914
NET ASSETS 164,581 2,011

CAPITAL AND RESERVES
Called up share capital 4 2
Retained earnings 164,577 2,009
164,581 2,011

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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.

BUCKS GLASGOW LTD (REGISTERED NUMBER: SC638024)

ABRIDGED BALANCE SHEET - continued
31 October 2021


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 2021 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.

The financial statements were approved by the director and authorised for issue on 18 August 2022 and were signed by:





Mrs M Mooney Bergson - Director


BUCKS GLASGOW LTD (REGISTERED NUMBER: SC638024)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

Bucks Glasgow 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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 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.

BUCKS GLASGOW LTD (REGISTERED NUMBER: SC638024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2020 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2020 102,891
Additions 13,239
At 31 October 2021 116,130
DEPRECIATION
At 1 November 2020 20,394
Charge for year 18,244
At 31 October 2021 38,638
NET BOOK VALUE
At 31 October 2021 77,492
At 31 October 2020 82,497

5. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,519 (2020: £Nil). At the balance sheet date, unpaid contributions of £8,429 (2020: £Nil) were due to the fund. They are included in other creditors.

6. COVID-19

As a result of the Covid-19 pandemic the company has been subject to a significant reduction in the expected level of trade. In order to support the business during this period the company has received the following financial support from local and national governments:

The company has applied for and received £50,000 from the Governments Coronavirus Bounce Back Loan Scheme.

During the year some staff have been furloughed. With staff being placed on furlough the business was eligible for the Government's Coronavirus Job Retention Scheme (CJRS) which has reimbursed 80% of the salaries.