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REGISTERED NUMBER: SC332798 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

STOLLY'S BAR AND RESTAURANT LTD.

STOLLY'S BAR AND RESTAURANT LTD. (REGISTERED NUMBER: SC332798)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


STOLLY'S BAR AND RESTAURANT LTD. (REGISTERED NUMBER: SC332798)

ABRIDGED BALANCE SHEET
31 October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,812 11,015
Tangible assets 5 74,910 67,016
83,722 78,031

CURRENT ASSETS
Stocks 34,066 44,127
Cash at bank 68,019 12,992
102,085 57,119
CREDITORS
Amounts falling due within one year 177,080 114,102
NET CURRENT LIABILITIES (74,995 ) (56,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,727

21,048

CREDITORS
Amounts falling due after more than one
year

-

19,963
NET ASSETS 8,727 1,085

CAPITAL AND RESERVES
Called up share capital 4 2
Retained earnings 8,723 1,083
SHAREHOLDERS' FUNDS 8,727 1,085

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.

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.

STOLLY'S BAR AND RESTAURANT LTD. (REGISTERED NUMBER: SC332798)

ABRIDGED BALANCE SHEET - continued
31 October 2021



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


STOLLY'S BAR AND RESTAURANT LTD. (REGISTERED NUMBER: SC332798)

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

1. STATUTORY INFORMATION

Stolly's Bar And Restaurant 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: SC332798

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
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 as modified by the revaluation of certain assets.

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 2015, 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.
Short leasehold - 5% on cost
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 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.

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.

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.

STOLLY'S BAR AND RESTAURANT LTD. (REGISTERED NUMBER: SC332798)

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 29 (2020 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2020
and 31 October 2021 22,030
AMORTISATION
At 1 November 2020 11,015
Amortisation for year 2,203
At 31 October 2021 13,218
NET BOOK VALUE

At 31 October 2021 8,812
At 31 October 2020 11,015

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2020 195,476
Additions 18,840
At 31 October 2021 214,316
DEPRECIATION
At 1 November 2020 128,460
Charge for year 10,946
At 31 October 2021 139,406
NET BOOK VALUE
At 31 October 2021 74,910
At 31 October 2020 67,016

6. 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 £9,095 (2020: £8,387). At the balance sheet date, unpaid contributions of £8,464 (2020: £1,644) were due to the fund. They are included in accruals.

7. ULTIMATE CONTROLLING PARTY

The company is wholly owned and controlled by the director and company secretary.

STOLLY'S BAR AND RESTAURANT LTD. (REGISTERED NUMBER: SC332798)

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

8. 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 during the year. 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 £49,000 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.