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REGISTERED NUMBER: SC616075 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BUICKS OF ARISAIG TRADING AS THE OLD
LIBRARY AND LODGE LIMITED

BUICKS OF ARISAIG TRADING AS THE OLD
LIBRARY AND LODGE LIMITED (REGISTERED NUMBER: SC616075)






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


BUICKS OF ARISAIG TRADING AS THE OLD
LIBRARY AND LODGE LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: D J Buick
Mrs P K Buick





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





REGISTERED NUMBER: SC616075 (Scotland)





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

BUICKS OF ARISAIG TRADING AS THE OLD
LIBRARY AND LODGE LIMITED (REGISTERED NUMBER: SC616075)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,446 25,098

CURRENT ASSETS
Stocks 7,500 5,500
Debtors 5 - 5,083
Prepayments and accrued income 7,735 7,818
Cash in hand 50 50
15,285 18,451
CREDITORS
Amounts falling due within one year 6 95,066 39,496
NET CURRENT LIABILITIES (79,781 ) (21,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,335

)

4,053

CREDITORS
Amounts falling due after more than one year 7 (7,184 ) -

PROVISIONS FOR LIABILITIES - (2,846 )
NET (LIABILITIES)/ASSETS (55,519 ) 1,207

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (55,619 ) 1,107
SHAREHOLDERS' FUNDS (55,519 ) 1,207

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.

BUICKS OF ARISAIG TRADING AS THE OLD
LIBRARY AND LODGE LIMITED (REGISTERED NUMBER: SC616075)

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 11 April 2024 and were signed on its behalf by:





D J Buick - Director


BUICKS OF ARISAIG TRADING AS THE OLD
LIBRARY AND LODGE LIMITED (REGISTERED NUMBER: SC616075)

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

1. STATUTORY INFORMATION

Buicks of Arisaig Trading As The Old Library And Lodge 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% 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.

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.

BUICKS OF ARISAIG TRADING AS THE OLD
LIBRARY AND LODGE LIMITED (REGISTERED NUMBER: SC616075)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 13,587 23,475 1,269 38,331
Additions - 12,465 166 12,631
At 31 December 2023 13,587 35,940 1,435 50,962
DEPRECIATION
At 1 January 2023 7,020 5,375 838 13,233
Charge for year 1,313 4,584 386 6,283
At 31 December 2023 8,333 9,959 1,224 19,516
NET BOOK VALUE
At 31 December 2023 5,254 25,981 211 31,446
At 31 December 2022 6,567 18,100 431 25,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 760
Other debtors - 4,323
- 5,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,420 10,361
Trade creditors 4,578 4,173
Taxation and social security 20,579 1,225
Other creditors 36,489 23,737
95,066 39,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,184 -