Silverfin false 31/03/2023 01/04/2022 31/03/2023 Miss R Tabourel 22/03/2022 Mr H Tabourel 06/06/2017 12 October 2023 The principal activity of the Company during the financial year was that of the operation of a restaurant. SC567964 2023-03-31 SC567964 bus:Director1 2023-03-31 SC567964 bus:Director2 2023-03-31 SC567964 2022-03-31 SC567964 core:CurrentFinancialInstruments 2023-03-31 SC567964 core:CurrentFinancialInstruments 2022-03-31 SC567964 core:Non-currentFinancialInstruments 2023-03-31 SC567964 core:Non-currentFinancialInstruments 2022-03-31 SC567964 core:ShareCapital 2023-03-31 SC567964 core:ShareCapital 2022-03-31 SC567964 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC567964 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC567964 core:LeaseholdImprovements 2022-03-31 SC567964 core:PlantMachinery 2022-03-31 SC567964 core:Vehicles 2022-03-31 SC567964 core:FurnitureFittings 2022-03-31 SC567964 core:ComputerEquipment 2022-03-31 SC567964 core:LeaseholdImprovements 2023-03-31 SC567964 core:PlantMachinery 2023-03-31 SC567964 core:Vehicles 2023-03-31 SC567964 core:FurnitureFittings 2023-03-31 SC567964 core:ComputerEquipment 2023-03-31 SC567964 2021-03-31 SC567964 bus:OrdinaryShareClass1 2023-03-31 SC567964 core:WithinOneYear 2023-03-31 SC567964 core:WithinOneYear 2022-03-31 SC567964 core:BetweenOneFiveYears 2023-03-31 SC567964 core:BetweenOneFiveYears 2022-03-31 SC567964 core:MoreThanFiveYears 2023-03-31 SC567964 core:MoreThanFiveYears 2022-03-31 SC567964 core:KeyManagementPersonnel 2023-03-31 SC567964 core:KeyManagementPersonnel 2022-03-31 SC567964 2022-04-01 2023-03-31 SC567964 bus:FullAccounts 2022-04-01 2023-03-31 SC567964 bus:SmallEntities 2022-04-01 2023-03-31 SC567964 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC567964 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC567964 bus:Director1 2022-04-01 2023-03-31 SC567964 bus:Director2 2022-04-01 2023-03-31 SC567964 core:LeaseholdImprovements core:TopRangeValue 2022-04-01 2023-03-31 SC567964 core:PlantMachinery core:BottomRangeValue 2022-04-01 2023-03-31 SC567964 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 SC567964 core:Vehicles 2022-04-01 2023-03-31 SC567964 core:FurnitureFittings core:BottomRangeValue 2022-04-01 2023-03-31 SC567964 core:FurnitureFittings core:TopRangeValue 2022-04-01 2023-03-31 SC567964 core:ComputerEquipment core:TopRangeValue 2022-04-01 2023-03-31 SC567964 2021-04-01 2022-03-31 SC567964 core:LeaseholdImprovements 2022-04-01 2023-03-31 SC567964 core:PlantMachinery 2022-04-01 2023-03-31 SC567964 core:FurnitureFittings 2022-04-01 2023-03-31 SC567964 core:ComputerEquipment 2022-04-01 2023-03-31 SC567964 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 SC567964 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 SC567964 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC567964 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 SC567964 core:KeyManagementPersonnel 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC567964 (Scotland)

TABOUREL PERTH LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

TABOUREL PERTH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

TABOUREL PERTH LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023
TABOUREL PERTH LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 70,534 94,024
70,534 94,024
Current assets
Stocks 4 15,878 15,122
Debtors 5 13,557 10,913
Cash at bank and in hand 6 154,228 146,012
183,663 172,047
Creditors: amounts falling due within one year 7 ( 114,658) ( 118,477)
Net current assets 69,005 53,570
Total assets less current liabilities 139,539 147,594
Creditors: amounts falling due after more than one year 8 ( 10,797) ( 15,808)
Provision for liabilities 9, 10 ( 13,938) ( 19,560)
Net assets 114,804 112,226
Capital and reserves
Called-up share capital 11 2 2
Profit and loss account 114,802 112,224
Total shareholder's funds 114,804 112,226

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Tabourel Perth Limited (registered number: SC567964) were approved and authorised for issue by the Director on 12 October 2023. They were signed on its behalf by:

Mr H Tabourel
Director
TABOUREL PERTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
TABOUREL PERTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tabourel Perth Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 66 Tay Street, Perth, PH2 8RA, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised on a cash basis.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 3 years straight line
Plant and machinery 3 - 5 years straight line
Vehicles 20 % reducing balance
Fixtures and fittings 3 - 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under hire purchase contracts, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 18 16

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 April 2022 32,909 79,731 29,714 8,275 8,092 158,721
Additions 0 7,940 0 0 249 8,189
Disposals 0 ( 2,166) 0 0 0 ( 2,166)
At 31 March 2023 32,909 85,505 29,714 8,275 8,341 164,744
Accumulated depreciation
At 01 April 2022 6,852 32,981 11,013 8,275 5,576 64,697
Charge for the financial year 8,861 15,812 3,740 0 1,302 29,715
Disposals 0 ( 202) 0 0 0 ( 202)
At 31 March 2023 15,713 48,591 14,753 8,275 6,878 94,210
Net book value
At 31 March 2023 17,196 36,914 14,961 0 1,463 70,534
At 31 March 2022 26,057 46,750 18,701 0 2,516 94,024

4. Stocks

2023 2022
£ £
Stocks 15,878 15,122

5. Debtors

2023 2022
£ £
Trade debtors 0 1,529
Other debtors 13,557 9,384
13,557 10,913

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 27,114 31,717
Short-term deposits 127,114 114,295
154,228 146,012

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,036 5,026
Trade creditors 35,657 45,377
Corporation tax 10,061 16,526
Other taxation and social security 26,944 5,935
Obligations under finance leases and hire purchase contracts 0 4,903
Other creditors 36,960 40,710
114,658 118,477

Bank borrowings relate to the Bounce Back Loan Scheme and are fully covered by a government backed guarantee.

Hire purchase obligations are secured over the assets in which they relate.

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 10,797 15,808

Bank borrowings relate to the Bounce Back Loan Scheme and are fully covered by a government backed guarantee.

9. Provision for liabilities

2023 2022
£ £
Deferred tax 13,938 19,560

10. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 19,560) ( 5,398)
Credited/(charged) to the Statement of Income and Retained Earnings 5,622 ( 14,162)
At the end of financial year ( 13,938) ( 19,560)

11. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

12. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 25,750 25,750
between one and five years 103,000 103,000
after five years 51,500 77,250
180,250 206,000

13. Related party transactions

Transactions with the entity’s directors (or members of its governing body)

Amounts owed to directors

2023 2022
£ £
Directors' Loan Account 11,699 17,698

Advances of £68,624 have been made to the directors in this period and £62,625 has been repaid. The above loan is unsecured and has been repaid within 9 months of the balance sheet date.