Company Registration No. SC567734 (Scotland)
Bickett Hospitality Ltd.
Unaudited accounts
for the year ended 31 May 2023
Bickett Hospitality Ltd.
Unaudited accounts
Contents
Bickett Hospitality Ltd.
Company Information
for the year ended 31 May 2023
Directors
Craig Bickett
Richard Beck
Company Number
SC567734 (Scotland)
Registered Office
42/46 OLD SNEDDON STREET
PAISLEY
PA3 2AP
SCOTLAND
Accountants
Valorem Virtual Finance Ltd
80 Main Street
Alexandria
West Dunbartonshire
G83 0PB
Bickett Hospitality Ltd.
Statement of financial position
as at 31 May 2023
Tangible assets
13,338
8,231
Cash at bank and in hand
20,416
33,505
Creditors: amounts falling due within one year
(53,546)
(31,002)
Net current assets
11,188
90,699
Total assets less current liabilities
24,526
98,930
Creditors: amounts falling due after more than one year
(35,055)
(39,916)
Net (liabilities)/assets
(10,529)
59,014
Called up share capital
1
1
Profit and loss account
(10,530)
59,013
Shareholders' funds
(10,529)
59,014
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by
Craig Bickett
Director
Company Registration No. SC567734
Bickett Hospitality Ltd.
Notes to the Accounts
for the year ended 31 May 2023
Bickett Hospitality Ltd. is a private company, limited by shares, registered in Scotland, registration number SC567734. The registered office is 42/46 OLD SNEDDON STREET, PAISLEY, PA3 2AP, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years straight line
Bickett Hospitality Ltd.
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
14,320
59,690
Amounts due from group undertakings etc.
20,538
16,697
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,419
-
Trade creditors
11,797
845
Taxes and social security
11,545
4,212
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 16 (2022: 16).