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REGISTERED NUMBER: SC595046 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

WBM SCOTLAND LTD

WBM SCOTLAND LTD (REGISTERED NUMBER: SC595046)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

WBM SCOTLAND LTD

Company Information
for the Year Ended 30 April 2023







DIRECTORS: D MacIntyre
A M Walker
A Buchanan





REGISTERED OFFICE: 28 Glencruitten Drive
Oban
Argyll
PA34 4EQ





REGISTERED NUMBER: SC595046 (Scotland)





ACCOUNTANTS: McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL

WBM SCOTLAND LTD (REGISTERED NUMBER: SC595046)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 600
Tangible assets 5 215,106 232,449
215,106 233,049

CURRENT ASSETS
Stocks 15,210 10,500
Debtors 6 1,149 6,287
Cash at bank and in hand 7,581 49,518
23,940 66,305
CREDITORS
Amounts falling due within one year 7 112,720 82,022
NET CURRENT LIABILITIES (88,780 ) (15,717 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,326

217,332

CREDITORS
Amounts falling due after more than one
year

8

(52,547

)

(61,351

)

PROVISIONS FOR LIABILITIES 10 - (33,436 )
NET ASSETS 73,779 122,545

CAPITAL AND RESERVES
Called up share capital 11 3 3
Retained earnings 73,776 122,542
SHAREHOLDERS' FUNDS 73,779 122,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

WBM SCOTLAND LTD (REGISTERED NUMBER: SC595046)

Balance Sheet - continued
30 April 2023


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 4 October 2023 and were signed on its behalf by:





D MacIntyre - Director


WBM SCOTLAND LTD (REGISTERED NUMBER: SC595046)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

WBM Scotland 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates or judgements used in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discount and value added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services as the operation of a bar and restaurant..

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has ordered.

Rendering of services
Turnover is generated from the rendering of bar and restaurant services and is recognised when the service is paid for.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

WBM SCOTLAND LTD (REGISTERED NUMBER: SC595046)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged to profit or loss over the estimated useful economic lives, as follows:

Leasehold - 10% on cost
Fixtures and fittings - 25% reducing balance
Leasehold improvements - 25% reducing balance
Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use.

Any impairment loss is recognised immediately as an expense within profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Trade and other debtors/creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.


WBM SCOTLAND LTD (REGISTERED NUMBER: SC595046)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

Provisions
A provision is recognised when the company has a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022
and 30 April 2023 3,000
AMORTISATION
At 1 May 2022 2,400
Charge for year 600
At 30 April 2023 3,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 600

WBM SCOTLAND LTD (REGISTERED NUMBER: SC595046)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 May 2022 25,033 239,184 57,830
Additions - 32,470 6,940
At 30 April 2023 25,033 271,654 64,770
DEPRECIATION
At 1 May 2022 7,387 87,780 12,520
Charge for year 2,503 45,969 11,512
At 30 April 2023 9,890 133,749 24,032
NET BOOK VALUE
At 30 April 2023 15,143 137,905 40,738
At 30 April 2022 17,646 151,404 45,310

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 35,617 1,915 359,579
Additions 9,591 1,431 50,432
At 30 April 2023 45,208 3,346 410,011
DEPRECIATION
At 1 May 2022 18,459 984 127,130
Charge for year 6,687 1,104 67,775
At 30 April 2023 25,146 2,088 194,905
NET BOOK VALUE
At 30 April 2023 20,062 1,258 215,106
At 30 April 2022 17,158 931 232,449

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 5,760
Amounts owed by group undertakings 1,149 527
1,149 6,287

WBM SCOTLAND LTD (REGISTERED NUMBER: SC595046)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 5,556 5,556
Other loans 3,000 3,000
Trade creditors 28,939 30,344
Social security and other taxes 1,877 6,439
VAT 23,246 5,441
Directors' current accounts 49,869 31,242
Accrued expenses 233 -
112,720 82,022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 1-2 years 11,111 11,111
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 6,019 11,573
Other loans - 1-2 years 6,000 3,000
Other loans - 2-5 years 9,000 9,000
Other loans more 5yrs instal 3,750 10,000
52,547 61,351

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,019 11,573
Other loans more 5yrs instal 3,750 10,000
9,769 21,573

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.23 30.4.22
£    £   
Within one year 47,869 47,869
Between one and five years 196,761 216,965
In more than five years - 27,665
244,630 292,499

10. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax - 33,436

WBM SCOTLAND LTD (REGISTERED NUMBER: SC595046)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2022 33,436
Provided during year (33,436 )
Balance at 30 April 2023 -

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
3 Ordinary £1 3 3

12. RELATED PARTY DISCLOSURES

At the year-end date the following loan account balances were due to the company directors;

Mr D MacIntyre - £17,338
Mr A Buchanan - £14,490
Mr A Walker - £18,042

13. ULTIMATE CONTROLLING PARTIES

A Buchanan, D MacIntyre & A Walker are directors and equal shareholders of WBM Scotland Limited they are therefore the ultimate controlling parties of WBM Scotland Limited.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
WBM Scotland Ltd

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WBM Scotland Ltd for the year ended 30 April 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of WBM Scotland Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WBM Scotland Ltd and state those matters that we have agreed to state to the Board of Directors of WBM Scotland Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that WBM Scotland Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of WBM Scotland Ltd. You consider that WBM Scotland Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of WBM Scotland Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL


4 October 2023