Stack And Still Limited SC599871 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is operation of licensed rrstaurants. Digita Accounts Production Advanced 6.30.9574.0 true false true SC599871 2022-08-01 2023-07-31 SC599871 2023-07-31 SC599871 bus:OrdinaryShareClass1 2023-07-31 SC599871 bus:OrdinaryShareClass2 2023-07-31 SC599871 core:CurrentFinancialInstruments 2023-07-31 SC599871 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 SC599871 core:Non-currentFinancialInstruments 2023-07-31 SC599871 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 SC599871 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-07-31 SC599871 core:FurnitureFittingsToolsEquipment 2023-07-31 SC599871 core:LandBuildings 2023-07-31 SC599871 bus:SmallEntities 2022-08-01 2023-07-31 SC599871 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 SC599871 bus:AbridgedAccounts 2022-08-01 2023-07-31 SC599871 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC599871 bus:RegisteredOffice 2022-08-01 2023-07-31 SC599871 bus:CompanySecretary1 2022-08-01 2023-07-31 SC599871 bus:Director1 2022-08-01 2023-07-31 SC599871 bus:Director3 2022-08-01 2023-07-31 SC599871 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 SC599871 bus:OrdinaryShareClass2 2022-08-01 2023-07-31 SC599871 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC599871 core:FurnitureFittings 2022-08-01 2023-07-31 SC599871 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 SC599871 core:LandBuildings 2022-08-01 2023-07-31 SC599871 core:LeaseholdImprovements 2022-08-01 2023-07-31 SC599871 core:OfficeEquipment 2022-08-01 2023-07-31 SC599871 core:PlantMachinery 2022-08-01 2023-07-31 SC599871 countries:Scotland 2022-08-01 2023-07-31 SC599871 2022-07-31 SC599871 core:FurnitureFittingsToolsEquipment 2022-07-31 SC599871 core:LandBuildings 2022-07-31 SC599871 2021-08-01 2022-07-31 SC599871 2022-07-31 SC599871 bus:OrdinaryShareClass1 2022-07-31 SC599871 bus:OrdinaryShareClass2 2022-07-31 SC599871 core:CurrentFinancialInstruments 2022-07-31 SC599871 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 SC599871 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 SC599871 core:FurnitureFittingsToolsEquipment 2022-07-31 SC599871 core:LandBuildings 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC599871

Stack And Still Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2023

 

Stack And Still Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Stack And Still Limited

Company Information

Directors

Mr Paul Reynolds

Mr Graham Meldrum Swankie

Company secretary

Mr Graeme Murray Bruce

Registered office

Suite 2- 04 Savoy Tower
Renfrew Street
Glasgow
G2 3BZ

Accountants

Morren Accountancy Limited
Unit B Broad Oak Business Park
Redbrook Maelor
Whitchurch
Shropshire
SY13 3AQ

 

Stack And Still Limited

(Registration number: SC599871)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

192,283

239,560

Investments

5

1

-

 

192,284

239,560

Current assets

 

Stocks

6

50,038

49,711

Debtors

7

472,629

217,542

Cash at bank and in hand

 

487,704

1,445,124

 

1,010,371

1,712,377

Prepayments and accrued income

 

204,999

104,707

Creditors: Amounts falling due within one year

(865,123)

(791,058)

Net current assets

 

350,247

1,026,026

Total assets less current liabilities

 

542,531

1,265,586

Creditors: Amounts falling due after more than one year

(427,500)

(542,500)

Accruals and deferred income

 

(109,377)

(53,769)

Net assets

 

5,654

669,317

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

5,554

669,217

Shareholders' funds

 

5,654

669,317

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Stack And Still Limited

(Registration number: SC599871)
Abridged Balance Sheet as at 31 July 2023

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 October 2023 and signed on its behalf by:
 

.........................................
Mr Graham Meldrum Swankie
Director

 

Stack And Still Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Suite 2- 04 Savoy Tower
Renfrew Street
Glasgow
G2 3BZ
United Kingdom

These financial statements were authorised for issue by the Board on 24 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Stack And Still Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

25% straight line

Plant and machinery

25% striaght line

Office equipment

25% straight line

Furniture and fittings

25% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Stack And Still Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Stack And Still Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 148 (2022 - 167).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

62,437

525,350

587,787

Additions

-

93,151

93,151

At 31 July 2023

62,437

618,501

680,938

Depreciation

At 1 August 2022

53,632

294,595

348,227

Charge for the year

8,144

132,284

140,428

At 31 July 2023

61,776

426,879

488,655

Carrying amount

At 31 July 2023

661

191,622

192,283

At 31 July 2022

8,805

230,755

239,560

Included within the net book value of land and buildings above is £661 (2022 - £8,805) in respect of short leasehold land and buildings.
 

 

Stack And Still Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

5

Investments

Total
£

Cost or valuation

Additions

1

Provision

Carrying amount

At 31 July 2023

1

6

Stocks

2023
£

2022
£

Other inventories

50,038

49,711

7

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

75

75

75

75

Ordinary A shares of £1 each

25

25

25

25

 

100

100

100

100

9

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £2,000.00 (2022 - £2,000.00) per ordinary share

 

200,000

 

200,000