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REGISTERED NUMBER: SC259797 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Eat on the Green Limited

Eat on the Green Limited (Registered number: SC259797)






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


Eat on the Green Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr C E Wilson
Dr L J Wilson





REGISTERED OFFICE: Eat On The Green
Udny Green
Ellon
Aberdeenshire
AB41 7RS





REGISTERED NUMBER: SC259797 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Eat on the Green Limited (Registered number: SC259797)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 298,398 312,270

CURRENT ASSETS
Stocks 12,876 4,504
Debtors 5 107,667 103,134
Cash at bank and in hand 1,671 32,262
122,214 139,900
CREDITORS
Amounts falling due within one year 6 181,488 152,525
NET CURRENT LIABILITIES (59,274 ) (12,625 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,124

299,645

CREDITORS
Amounts falling due after more than one
year

7

(98,333

)

(113,718

)

PROVISIONS FOR LIABILITIES (25,458 ) (28,183 )
NET ASSETS 115,333 157,744

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 71,844 71,844
Retained earnings 43,487 85,898
SHAREHOLDERS' FUNDS 115,333 157,744

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.

Eat on the Green Limited (Registered number: SC259797)

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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:




Mr C E Wilson - Director



Dr L J Wilson - Director


Eat on the Green Limited (Registered number: SC259797)

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

1. STATUTORY INFORMATION

Eat on the Green 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.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

Eat on the Green Limited (Registered number: SC259797)

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

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements of Eat On The Green Limited have not been prepared on a going concern basis. The directors intend to cease trading of the business within the next accounting period ended 31 December 2024.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 250,000 83,559 98,992
Additions - - 187
Disposals - - (9,909 )
At 31 December 2023 250,000 83,559 89,270
DEPRECIATION
At 1 January 2023 - 82,067 77,489
Charge for year - 1,492 3,254
Eliminated on disposal - - (6,256 )
At 31 December 2023 - 83,559 74,487
NET BOOK VALUE
At 31 December 2023 250,000 - 14,783
At 31 December 2022 250,000 1,492 21,503

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 116,103 21,825 3,421 573,900
Additions 469 - 795 1,451
Disposals (1,975 ) - (2,109 ) (13,993 )
At 31 December 2023 114,597 21,825 2,107 561,358
DEPRECIATION
At 1 January 2023 93,005 6,056 3,013 261,630
Charge for year 3,535 2,366 387 11,034
Eliminated on disposal (1,579 ) - (1,869 ) (9,704 )
At 31 December 2023 94,961 8,422 1,531 262,960
NET BOOK VALUE
At 31 December 2023 19,636 13,403 576 298,398
At 31 December 2022 23,098 15,769 408 312,270

Eat on the Green Limited (Registered number: SC259797)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 49,347 11,149
Other debtors 58,320 91,985
107,667 103,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 32,431 11,417
Hire purchase contracts 3,368 3,368
Trade creditors 92,009 82,407
Taxation and social security 37,908 36,448
Other creditors 15,772 18,885
181,488 152,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 75,706 80,389
Hire purchase contracts 5,794 9,162
Other creditors 16,833 24,167
98,333 113,718

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 87,123 91,806

The bank holds a floating charge and standard security over the assets of the company.

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 71,844

Eat on the Green Limited (Registered number: SC259797)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr C E Wilson
Balance outstanding at start of year 25,137 38,965
Amounts advanced 15,000 18,072
Amounts repaid (25,137 ) (31,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,000 25,137

Dr L J Wilson
Balance outstanding at start of year 25,137 38,965
Amounts advanced 15,000 18,072
Amounts repaid (25,137 ) (31,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,000 25,137

11. RELATED PARTY DISCLOSURES

At the balance sheet date the amount due from Kilted Chef Ltd was £647 (2022 - £546 creditor), a company of which Mr C Wilson is a director of.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who between them, own 100% of the issued share capital.