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REGISTERED NUMBER: SC649304 (Scotland)










Unaudited Financial Statements for the Year Ended 31 December 2023

for

MSA Restaurants Limited

MSA Restaurants Limited (Registered number: SC649304)






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


MSA Restaurants Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Singh





REGISTERED OFFICE: 505 Great Western Road
GLASGOW
G12 8HN





REGISTERED NUMBER: SC649304 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

MSA Restaurants Limited (Registered number: SC649304)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 497,789 472,871

CURRENT ASSETS
Debtors 5 33,199 -
Cash at bank and in hand 3,983 22,233
37,182 22,233
CREDITORS
Amounts falling due within one year 6 362,065 319,247
NET CURRENT LIABILITIES (324,883 ) (297,014 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,906

175,857

CREDITORS
Amounts falling due after more than one
year

7

241,726

221,926
NET LIABILITIES (68,820 ) (46,069 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (68,920 ) (46,169 )
(68,820 ) (46,069 )

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 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.

MSA Restaurants Limited (Registered number: SC649304)

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 director and authorised for issue on 24 April 2024 and were signed by:





R Singh - Director


MSA Restaurants Limited (Registered number: SC649304)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

MSA Restaurants 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.
Land and buildings - 10% on cost

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.

MSA Restaurants Limited (Registered number: SC649304)

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 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 331,576 176,628 508,204
Additions 12,500 37,176 49,676
At 31 December 2023 344,076 213,804 557,880
DEPRECIATION
At 1 January 2023 19,904 15,429 35,333
Charge for year 16,580 8,178 24,758
At 31 December 2023 36,484 23,607 60,091
NET BOOK VALUE
At 31 December 2023 307,592 190,197 497,789
At 31 December 2022 311,672 161,199 472,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 33,199 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 280,557 215,288
Taxation and social security 9,812 33,765
Other creditors 71,696 70,194
362,065 319,247

MSA Restaurants Limited (Registered number: SC649304)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 241,726 221,926