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REGISTERED NUMBER: SC312643 (Scotland)












Unaudited Financial Statements for the Year Ended 28 February 2023

for

Bar Aldo Limited

Bar Aldo Limited (Registered number: SC312643)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bar Aldo Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: A Pia





SECRETARY: Mrs F Pia





REGISTERED OFFICE: 9 Coalgate
Alloa
FK10 1EH





REGISTERED NUMBER: SC312643 (Scotland)





ACCOUNTANTS: Braidwood Graham Ltd
Chartered Accountants
4 Copperbeech Court
Cavalry Park
Peebles
Borders
EH45 9BU

Bar Aldo Limited (Registered number: SC312643)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,407 40,702

CURRENT ASSETS
Stocks 15,500 14,250
Debtors 5 465,847 419,287
Cash at bank and in hand 3,268 26,007
484,615 459,544
CREDITORS
Amounts falling due within one year 6 242,049 178,377
NET CURRENT ASSETS 242,566 281,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,973

321,869

CREDITORS
Amounts falling due after more than one
year

7

15,127

19,394

PROVISIONS FOR LIABILITIES 6,403 7,570

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 254,443 293,905
255,443 294,905
276,973 321,869

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Bar Aldo Limited (Registered number: SC312643)

Statement of Financial Position - continued
28 February 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 director and authorised for issue on 23 November 2023 and were signed by:





A Pia - Director


Bar Aldo Limited (Registered number: SC312643)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Bar Aldo 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Bar Aldo Limited (Registered number: SC312643)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 30,708 118,961 149,669
Additions - 4,261 4,261
At 28 February 2023 30,708 123,222 153,930
DEPRECIATION
At 1 March 2022 30,708 78,259 108,967
Charge for year - 10,556 10,556
At 28 February 2023 30,708 88,815 119,523
NET BOOK VALUE
At 28 February 2023 - 34,407 34,407
At 28 February 2022 - 40,702 40,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 465,847 419,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 20,893 20,546
Hire purchase contracts 4,267 4,267
Trade creditors 11,221 8,203
Taxation and social security 131,732 92,077
Other creditors 73,936 53,284
242,049 178,377

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 15,127 19,394

Bar Aldo Limited (Registered number: SC312643)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
A Pia
Balance outstanding at start of year 233,076 209,031
Amounts advanced 30,777 24,045
Amounts repaid (56,664 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 207,189 233,076

Interest is charged at 5% on the average balance outstanding during the year.