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REGISTERED NUMBER: SC641574 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LOCHABER LARDER (FORT WILLIAM) LIMITED

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCHABER LARDER (FORT WILLIAM) LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: S MacLachlan
A R Carr





REGISTERED OFFICE: 1 Rhubana View
Morar
MALLAIG
PH40 4PF





REGISTERED NUMBER: SC641574 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 34,779 40,287
Tangible assets 5 94,970 91,326
129,749 131,613

CURRENT ASSETS
Stocks 5,450 5,000
Debtors 6 92,416 67,996
Prepayments and accrued income 2,254 2,853
Cash at bank and in hand 368,193 225,995
468,313 301,844
CREDITORS
Amounts falling due within one year 7 198,878 191,774
NET CURRENT ASSETS 269,435 110,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,184

241,683

CREDITORS
Amounts falling due after more than one year 8 (15,417 ) (25,417 )

PROVISIONS FOR LIABILITIES (22,412 ) (16,117 )
NET ASSETS 361,355 200,149

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 361,255 200,049
SHAREHOLDERS' FUNDS 361,355 200,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

BALANCE SHEET - continued
31 December 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 6 March 2024 and were signed on its behalf by:





A R Carr - Director


LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lochaber Larder (Fort William) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Plant and machinery - 20% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on reducing balance

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 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.

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 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 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 55,000
AMORTISATION
At 1 January 2023 14,713
Amortisation for year 5,508
At 31 December 2023 20,221
NET BOOK VALUE
At 31 December 2023 34,779
At 31 December 2022 40,287

5. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 10,000 74,367 80,045 461 164,873
Additions - 12,715 25,850 - 38,565
At 31 December 2023 10,000 87,082 105,895 461 203,438
DEPRECIATION
At 1 January 2023 3,703 31,841 37,747 256 73,547
Charge for year 1,111 11,048 22,694 68 34,921
At 31 December 2023 4,814 42,889 60,441 324 108,468
NET BOOK VALUE
At 31 December 2023 5,186 44,193 45,454 137 94,970
At 31 December 2022 6,297 42,526 42,298 205 91,326

LOCHABER LARDER (FORT WILLIAM) LIMITED (REGISTERED NUMBER: SC641574)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 85,640 66,353
Other debtors 6,776 1,643
92,416 67,996

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,750 8,750
Trade creditors 40,114 40,965
Taxation and social security 68,845 36,866
Other creditors 81,169 105,193
198,878 191,774

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,417 25,417

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,167 -

There is a floating charge in favour of Bank of Scotland PLC