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REGISTERED NUMBER: SC711038 (Scotland)















Unaudited Financial Statements

for the Period 1 November 2022 to 31 December 2023

for

Gelato Burger Dumbarton Ltd

Gelato Burger Dumbarton Ltd (Registered number: SC711038)






Contents of the Financial Statements
for the Period 1 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gelato Burger Dumbarton Ltd

Company Information
for the Period 1 November 2022 to 31 December 2023







DIRECTOR: Peter A Crolla





REGISTERED OFFICE: 48 Jessie Street
Polmadie
Glasgow
G42 0PG





REGISTERED NUMBER: SC711038 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Gelato Burger Dumbarton Ltd (Registered number: SC711038)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,654 77,224

CURRENT ASSETS
Stock 5,232 5,583
Debtors 5 1,980 5,010
Cash at bank and in hand 10,448 6,680
17,660 17,273
CREDITORS
Amounts falling due within one year 6 217,669 192,529
NET CURRENT LIABILITIES (200,009 ) (175,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(129,355

)

(98,032

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (129,356 ) (98,033 )
SHAREHOLDERS' FUNDS (129,355 ) (98,032 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Gelato Burger Dumbarton Ltd (Registered number: SC711038)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2024 and were signed by:





Peter A Crolla - Director


Gelato Burger Dumbarton Ltd (Registered number: SC711038)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

Gelato Burger Dumbarton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Leasehold Improvements - 5% on cost
Plant and machinery - 15% on reducing balance
Fittings and equipment - 15% on reducing balance

Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Gelato Burger Dumbarton Ltd (Registered number: SC711038)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fittings
Leasehold Plant and and
Improvements machinery equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 December 2023 64,238 11,063 8,982 84,283
DEPRECIATION
At 1 November 2022 3,485 2,014 1,560 7,059
Charge for period 3,749 1,550 1,271 6,570
At 31 December 2023 7,234 3,564 2,831 13,629
NET BOOK VALUE
At 31 December 2023 57,004 7,499 6,151 70,654
At 31 October 2022 60,753 9,049 7,422 77,224

Gelato Burger Dumbarton Ltd (Registered number: SC711038)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,980 3,783
Other debtors - 1,227
1,980 5,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 67,588 51,216
Amounts owed to group undertakings 136,998 112,097
Taxation and social security 7,564 6,495
Other creditors 5,519 22,721
217,669 192,529

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Peter A Crolla.