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REGISTERED NUMBER: SC630711 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SCOFF & BANTER LIMITED

SCOFF & BANTER LIMITED (REGISTERED NUMBER: SC630711)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCOFF & BANTER LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: I Nugent





REGISTERED OFFICE: Unit 3
New Albion Industrial Estate
Halley Drive
Glasgow
G13 4DJ





REGISTERED NUMBER: SC630711 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

SCOFF & BANTER LIMITED (REGISTERED NUMBER: SC630711)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,585 28,993

CURRENT ASSETS
Stocks 3,750 1,000
Debtors 5 107,172 69,355
Cash at bank and in hand 9,697 39,761
120,619 110,116
CREDITORS
Amounts falling due within one year 6 57,125 46,934
NET CURRENT ASSETS 63,494 63,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,079

92,175

CREDITORS
Amounts falling due after more than one year 7 12,567 17,767
NET ASSETS 77,512 74,408

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 77,511 74,407
77,512 74,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31 October 2023 and were signed by:



I Nugent - Director


SCOFF & BANTER LIMITED (REGISTERED NUMBER: SC630711)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Scoff & Banter Limited 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.

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.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2022 26,369 5,553 5,931 37,853
Additions - 3,874 - 3,874
At 31 December 2022 26,369 9,427 5,931 41,727
DEPRECIATION
At 1 January 2022 4,770 1,970 2,120 8,860
Charge for year 2,637 2,162 1,483 6,282
At 31 December 2022 7,407 4,132 3,603 15,142
NET BOOK VALUE
At 31 December 2022 18,962 5,295 2,328 26,585
At 31 December 2021 21,599 3,583 3,811 28,993

SCOFF & BANTER LIMITED (REGISTERED NUMBER: SC630711)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 107,172 69,355

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 5,200 5,200
Trade creditors 16,896 9,668
Taxation and social security 31,252 20,411
Other creditors 3,777 11,655
57,125 46,934

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 12,567 17,767

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
I Nugent
Balance outstanding at start of year - -
Amounts advanced 6,298 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,298 -

At 31/12/2022, an amount of £6,298 is owed to the company by the company director, Mr I Nugent. The loan is interest free with no fixed date for repayment and is disclosed in other debtors.