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REGISTERED NUMBER: SC081146 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 MARCH 2023

FOR

BAR ONE CLOTHING LTD

BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAR ONE CLOTHING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 1 MARCH 2023







DIRECTORS: G J Roulston
L A C Roulston
J H Roulston



SECRETARY: L A C Roulston



REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC081146 (Scotland)



ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: The Royal Bank of Scotland plc
Glasgow Sauchiehall Street Branch
23 Sauchiehall Street
Glasgow
G2 3AD

BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

BALANCE SHEET
1 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,711 154,058
Investments 5 224,416 247,699
353,127 401,757

CURRENT ASSETS
Stocks 152,829 162,914
Debtors 6 344,641 384,925
Cash at bank and in hand 41,933 122,507
539,403 670,346
CREDITORS
Amounts falling due within one year 7 383,009 426,263
NET CURRENT ASSETS 156,394 244,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,521

645,840

CREDITORS
Amounts falling due after more than one
year

8

(9,320

)

(21,073

)

PROVISIONS FOR LIABILITIES (23,663 ) (28,304 )
NET ASSETS 476,538 596,463

CAPITAL AND RESERVES
Called up share capital 1,004 1,004
Retained earnings 475,534 595,459
SHAREHOLDERS' FUNDS 476,538 596,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 March 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.

BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

BALANCE SHEET - continued
1 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:




J H Roulston - Director



L A C Roulston - Director


BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MARCH 2023

1. STATUTORY INFORMATION

Bar One Clothing 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on a reducing balance basis
Fixtures and fittings - 20% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33.33% on a straight line basis

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Investments
Fixed asset investments are stated at cost less provision for any diminution in value. For listed investments, market value is based on the closing middle-market price on a recognised stock exchange.


BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 2 March 2022 471,199 105,366 70,920 64,524 712,009
Additions 2,638 5,358 - 465 8,461
At 1 March 2023 473,837 110,724 70,920 64,989 720,470
DEPRECIATION
At 2 March 2022 400,065 65,493 28,513 63,880 557,951
Charge for year 14,755 7,974 10,602 477 33,808
At 1 March 2023 414,820 73,467 39,115 64,357 591,759
NET BOOK VALUE
At 1 March 2023 59,017 37,257 31,805 632 128,711
At 1 March 2022 71,134 39,873 42,407 644 154,058

Cost or valuation at 1 March 2023 is represented by:

Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost 473,837 110,724 70,920 64,989 720,470

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 2 March 2022 247,699
Additions 12,419
Disposals (33,994 )
Revaluations (1,708 )
At 1 March 2023 224,416
NET BOOK VALUE
At 1 March 2023 224,416
At 1 March 2022 247,699


BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 89,115 98,671
Amounts owed by group undertakings 254,286 282,807
Other debtors 1,240 3,447
344,641 384,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,697 10,697
Trade creditors 144,979 152,180
Taxation and social security 67,687 96,914
Other creditors 159,646 166,472
383,009 426,263

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 6,240 16,937
Other creditors 3,080 4,136
9,320 21,073