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REGISTERED NUMBER: SC663123 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Connolly-Bastock Ltd

Connolly-Bastock Ltd (Registered number: SC663123)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Connolly-Bastock Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Ms O J Connolly-Bastock
S M Connolly-Bastock





REGISTERED OFFICE: Salt Cafe
54-56 Morningside Road
Edinburgh
EH10 4BZ





REGISTERED NUMBER: SC663123 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Connolly-Bastock Ltd (Registered number: SC663123)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,891 50,789

CURRENT ASSETS
Stocks 1,500 5,000
Debtors 5 17,996 26,867
Cash at bank and in hand 11,878 1,984
31,374 33,851
CREDITORS
Amounts falling due within one year 6 65,656 50,408
NET CURRENT LIABILITIES (34,282 ) (16,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,609

34,232

PROVISIONS FOR LIABILITIES 5,006 2,827
NET ASSETS 5,603 31,405

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,601 31,403
5,603 31,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 29 March 2024 and were signed on its behalf by:





Ms O J Connolly-Bastock - Director


Connolly-Bastock Ltd (Registered number: SC663123)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Connolly-Bastock Ltd 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.
Short leasehold - 20% on cost
Equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipments - 33% 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.

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 - 14 ) .

Connolly-Bastock Ltd (Registered number: SC663123)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold Equipment fittings equipments Totals
£    £    £    £    £   
COST
At 1 July 2022 55,258 10,424 9,309 1,338 76,329
Additions - 8,519 - 832 9,351
At 30 June 2023 55,258 18,943 9,309 2,170 85,680
DEPRECIATION
At 1 July 2022 19,340 3,413 2,264 523 25,540
Charge for year 11,052 2,196 1,409 592 15,249
At 30 June 2023 30,392 5,609 3,673 1,115 40,789
NET BOOK VALUE
At 30 June 2023 24,866 13,334 5,636 1,055 44,891
At 30 June 2022 35,918 7,011 7,045 815 50,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 17,352 26,291
Prepayments and accrued income 644 576
17,996 26,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 3,478 2,726
Corporation Tax - 3,247
Tax - 6,736
Social security and other taxes 2,107 1,293
VAT 17,110 12,995
Other creditors 5,872 5,638
Directors' current accounts 36,749 17,517
Accrued expenses 340 256
65,656 50,408

7. OTHER FINANCIAL COMMITMENTS

At 30 June 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £56,333 (2022: £82,333).

8. RELATED PARTY DISCLOSURES

During the period the Company received loans totalling £19,232 from the directors. The loans are unsecured, interest-free and repayable on demand.