19 30/06/2023 2023-06-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-07-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP SC593990 2022-07-01 2023-06-30 SC593990 2023-06-30 SC593990 2022-06-30 SC593990 2021-07-01 2022-06-30 SC593990 2022-06-30 SC593990 2021-06-30 SC593990 core:LandBuildings core:ShortLeaseholdAssets 2022-07-01 2023-06-30 SC593990 core:PlantMachinery 2022-07-01 2023-06-30 SC593990 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 SC593990 core:OnerousContractsExcludingVacantProperties 2022-07-01 2023-06-30 SC593990 bus:Director1 2022-07-01 2023-06-30 SC593990 core:LandBuildings core:LongLeaseholdAssets 2022-06-30 SC593990 core:PlantMachinery 2022-06-30 SC593990 core:FurnitureFittingsToolsEquipment 2022-06-30 SC593990 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 SC593990 core:PlantMachinery 2023-06-30 SC593990 core:FurnitureFittingsToolsEquipment 2023-06-30 SC593990 core:WithinOneYear 2023-06-30 SC593990 core:WithinOneYear 2022-06-30 SC593990 core:AfterOneYear 2023-06-30 SC593990 core:AfterOneYear 2022-06-30 SC593990 core:LandBuildings core:LongLeaseholdAssets 2022-07-01 2023-06-30 SC593990 core:ShareCapital 2023-06-30 SC593990 core:ShareCapital 2022-06-30 SC593990 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC593990 core:RetainedEarningsAccumulatedLosses 2022-06-30 SC593990 core:LandBuildings core:LongLeaseholdAssets 2022-06-30 SC593990 core:PlantMachinery 2022-06-30 SC593990 core:FurnitureFittingsToolsEquipment 2022-06-30 SC593990 bus:SmallEntities 2022-07-01 2023-06-30 SC593990 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC593990 bus:FullAccounts 2022-07-01 2023-06-30 SC593990 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 SC593990 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC593990 core:ComputerEquipment 2022-07-01 2023-06-30 SC593990 core:ComputerEquipment 2022-06-30 SC593990 core:ComputerEquipment 2023-06-30
Company registration number: SC593990
The Sober Publican Limited
Unaudited filleted financial statements
30 June 2023
The Sober Publican Limited
Contents
Statement of financial position
Notes to the financial statements
The Sober Publican Limited
Statement of financial position
30 June 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 17,134 19,494
_______ _______
17,134 19,494
Current assets
Stocks 13,225 14,750
Debtors 6 10,802 25,082
Cash at bank and in hand 27,377 17,430
_______ _______
51,404 57,262
Creditors: amounts falling due
within one year 7 ( 110,559) ( 67,255)
_______ _______
Net current liabilities ( 59,155) ( 9,993)
_______ _______
Total assets less current liabilities ( 42,021) 9,501
Creditors: amounts falling due
after more than one year 8 ( 31,672) ( 36,672)
_______ _______
Net liabilities ( 73,693) ( 27,171)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 73,695) ( 27,173)
_______ _______
Shareholders deficit ( 73,693) ( 27,171)
_______ _______
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 March 2024 , and are signed on behalf of the board by:
Alice L Silverwood
Director
Company registration number: SC593990
The Sober Publican Limited
Notes to the financial statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is St David's, George Street, Bathgate, West Lothian, EH48 1PH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 10 % straight line
Plant and machinery - 25 % straight line
Fittings fixtures and equipment - 25 % straight line
Computer Equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand includes cash and short term highly liquid investments.
Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2022: 23 ).
5. Tangible assets
Long leasehold property Plant and machinery Fixtures, fittings and equipment Computer Equipment Total
£ £ £ £ £
Cost
At 1 July 2022 11,259 5,352 15,261 577 32,449
Additions - 844 47 799 1,690
Disposals - - - ( 577) ( 577)
_______ _______ _______ _______ _______
At 30 June 2023 11,259 6,196 15,308 799 33,562
_______ _______ _______ _______ _______
Depreciation
At 1 July 2022 4,504 2,013 5,861 577 12,955
Charge for the year 1,126 1,046 1,612 266 4,050
Disposals - - - ( 577) ( 577)
_______ _______ _______ _______ _______
At 30 June 2023 5,630 3,059 7,473 266 16,428
_______ _______ _______ _______ _______
Carrying amount
At 30 June 2023 5,629 3,137 7,835 533 17,134
_______ _______ _______ _______ _______
At 30 June 2022 6,755 3,339 9,400 - 19,494
_______ _______ _______ _______ _______
6. Debtors
2023 2022
£ £
Other debtors 10,802 25,082
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,462 13,678
Social security and other taxes 78,724 33,453
Other creditors 8,373 10,124
_______ _______
110,559 67,255
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 31,672 36,672
_______ _______