Company Registration No. SC637829 (Scotland)
Willpower Pubs Limited
Unaudited accounts
for the year ended 30 September 2023
Willpower Pubs Limited
Unaudited accounts
Contents
Willpower Pubs Limited
Company Information
for the year ended 30 September 2023
Company Number
SC637829 (Scotland)
Registered Office
23 MARIONVILLE ROAD
EDINBURGH
EH7 5UD
SCOTLAND
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
Willpower Pubs Limited
Statement of financial position
as at 30 September 2023
Tangible assets
10,097
11,114
Cash at bank and in hand
31,418
74,708
Creditors: amounts falling due within one year
(25,665)
(19,512)
Net current assets
8,224
60,715
Total assets less current liabilities
18,321
71,829
Creditors: amounts falling due after more than one year
(22,756)
(44,647)
Net (liabilities)/assets
(4,435)
27,182
Called up share capital
1
1
Profit and loss account
(4,436)
27,181
Shareholders' funds
(4,435)
27,182
For the year ending 30 September 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 her 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 16 November 2023 and were signed on its behalf by
Angela Will
Director
Company Registration No. SC637829
Willpower Pubs Limited
Notes to the Accounts
for the year ended 30 September 2023
Willpower Pubs Limited is a private company, limited by shares, registered in Scotland, registration number SC637829. The registered office is 23 MARIONVILLE ROAD, EDINBURGH, EH7 5UD, 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:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2022
9,967
9,775
19,742
At 30 September 2023
9,967
13,440
23,407
At 1 October 2022
3,988
4,640
8,628
Charge for the year
1,994
2,688
4,682
At 30 September 2023
5,982
7,328
13,310
At 30 September 2023
3,985
6,112
10,097
At 30 September 2022
5,979
5,135
11,114
Amounts falling due after more than one year
Willpower Pubs Limited
Notes to the Accounts
for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
-
Obligations under finance leases and hire purchase contracts
2,592
2,592
Trade creditors
6,038
10,218
Taxes and social security
475
903
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
6,089
7,980
During the year the director advanced sums of £9,209 to the company, and the company advanced sums of £65,000 to the director. At the year end the director owed the company £55,791. This was repaid in full in February 2021.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).