Company Registration No. SC589601 (Scotland)
Bistrosbysam ltd
Unaudited accounts
for the year ended 28 February 2023
Bistrosbysam ltd
Unaudited accounts
Contents
Bistrosbysam ltd
Company Information
for the year ended 28 February 2023
Company Number
SC589601 (Scotland)
Registered Office
5 APPLE WAY
GLASGOW
G75 0GB
SCOTLAND
Accountants
Peter Andrew
Ardoch
Kilbryde Crescent
Dunblane
FK15 9AZ
Accountants' report on the preparation of the unaudited statutory statements of Bistrosbysam ltd (The Company) for the year ended 28 February 2023
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 28 February 2023 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company 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 financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 28 February 2023.
We have not been instructed to carry out any assurance service on the financial statements of the company. 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.
Peter Andrew
Financial Accountants
Ardoch
Kilbryde Crescent
Dunblane
FK15 9AZ
22 June 2023
Bistrosbysam ltd
Statement of financial position
as at 28 February 2023
Tangible assets
4,027
4,604
Cash at bank and in hand
23,399
79,193
Creditors: amounts falling due within one year
(21,640)
(28,662)
Net current assets
45,142
101,436
Total assets less current liabilities
49,169
106,040
Creditors: amounts falling due after more than one year
(35,899)
(51,811)
Called up share capital
10
10
Profit and loss account
13,260
54,219
Shareholders' funds
13,270
54,229
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 22 June 2023 and were signed on its behalf by
Samuel Alves
Director
Company Registration No. SC589601
Bistrosbysam ltd
Notes to the Accounts
for the year ended 28 February 2023
Bistrosbysam ltd is a private company, limited by shares, registered in Scotland, registration number SC589601. The registered office is 5 APPLE WAY, GLASGOW, G75 0GB, 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.
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
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
6,707
1,073
7,780
At 28 February 2023
7,457
1,073
8,530
At 1 March 2022
2,707
469
3,176
Charge for the year
1,176
151
1,327
At 28 February 2023
3,883
620
4,503
At 28 February 2023
3,574
453
4,027
At 28 February 2022
4,000
604
4,604
Bistrosbysam ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
(6,473)
1,249
Other debtors
49,856
49,656
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,450
5,878
Taxes and social security
3,349
13,271
Loans from directors
(4,542)
(2,275)
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
6,000
13,200
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Advance
2,275
-
-
2,275
9
Transactions with related parties
The Other Loans include an Inter Company loan of £49656. This is at 0% interest with no fixed repayment term
10
Average number of employees
During the year the average number of employees was 18 (2022: 18).