IRIS Accounts Production v24.1.9.2 SC711797 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7117972022-10-31SC7117972023-10-31SC7117972022-11-012023-10-31SC7117972021-10-08SC7117972021-10-092022-10-31SC7117972022-10-31SC711797ns15:Scotland2022-11-012023-10-31SC711797ns14:PoundSterling2022-11-012023-10-31SC711797ns10:Director12022-11-012023-10-31SC711797ns10:PrivateLimitedCompanyLtd2022-11-012023-10-31SC711797ns10:SmallEntities2022-11-012023-10-31SC711797ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31SC711797ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-31SC711797ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC711797ns10:FullAccounts2022-11-012023-10-31SC711797ns10:Director22022-11-012023-10-31SC711797ns10:RegisteredOffice2022-11-012023-10-31SC711797ns5:CurrentFinancialInstruments2023-10-31SC711797ns5:CurrentFinancialInstruments2022-10-31SC711797ns5:ShareCapital2023-10-31SC711797ns5:ShareCapital2022-10-31SC711797ns5:RetainedEarningsAccumulatedLosses2023-10-31SC711797ns5:RetainedEarningsAccumulatedLosses2022-10-31SC711797ns5:PlantMachinery2022-11-012023-10-31SC711797ns5:PlantMachinery2022-10-31SC711797ns5:PlantMachinery2023-10-31SC711797ns5:PlantMachinery2022-10-31
REGISTERED NUMBER: SC711797 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Saltire Fish and Chips Ltd

Saltire Fish and Chips Ltd (Registered number: SC711797)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saltire Fish and Chips Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr R J Watt
Mrs S M-A Watt





REGISTERED OFFICE: 16 Knock View Crescent
Stuartfield
Peterhead
Aberdeenshire
AB42 5TP





REGISTERED NUMBER: SC711797 (Scotland)





ACCOUNTANTS: SBP
Accountants
2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ

Saltire Fish and Chips Ltd (Registered number: SC711797)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 640 800

CURRENT ASSETS
Stocks 1,000 1,200
Cash at bank 23 255
1,023 1,455
CREDITORS
Amounts falling due within one year 5 8,471 10,937
NET CURRENT LIABILITIES (7,448 ) (9,482 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,808

)

(8,682

)

PROVISIONS FOR LIABILITIES - 152
NET LIABILITIES (6,808 ) (8,834 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,809 ) (8,835 )
(6,808 ) (8,834 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Saltire Fish and Chips Ltd (Registered number: SC711797)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





Mr R J Watt - Director


Saltire Fish and Chips Ltd (Registered number: SC711797)

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

1. STATUTORY INFORMATION

Saltire Fish and Chips 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
Going concern
At 31 October 2023 the company's liabilities exceeded its total assets. The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the shareholders.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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 etc - 20% 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Saltire Fish and Chips Ltd (Registered number: SC711797)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 1,000
DEPRECIATION
At 1 November 2022 200
Charge for year 160
At 31 October 2023 360
NET BOOK VALUE
At 31 October 2023 640
At 31 October 2022 800

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 1,723 319
Other creditors 6,748 10,618
8,471 10,937

6. RELATED PARTY DISCLOSURES

The Director operates a current account with the company and as at 31 October 2023 the balance owed to the director was £5,560. There are no fixed terms of repayment and no interest is accrued.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R J Watt.