IRIS Accounts Production v24.2.0.383 SC638648 director 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC6386482022-08-31SC6386482023-08-31SC6386482022-09-012023-08-31SC6386482021-08-31SC6386482021-09-012022-08-31SC6386482022-08-31SC638648ns16:Scotland2022-09-012023-08-31SC638648ns15:PoundSterling2022-09-012023-08-31SC638648ns11:Director12022-09-012023-08-31SC638648ns11:PrivateLimitedCompanyLtd2022-09-012023-08-31SC638648ns11:SmallEntities2022-09-012023-08-31SC638648ns11:AuditExempt-NoAccountantsReport2022-09-012023-08-31SC638648ns11:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31SC638648ns11:SmallCompaniesRegimeForAccounts2022-09-012023-08-31SC638648ns11:FullAccounts2022-09-012023-08-31SC63864812022-09-012023-08-31SC638648ns11:RegisteredOffice2022-09-012023-08-31SC638648ns6:CurrentFinancialInstruments2023-08-31SC638648ns6:CurrentFinancialInstruments2022-08-31SC638648ns6:Non-currentFinancialInstruments2023-08-31SC638648ns6:Non-currentFinancialInstruments2022-08-31SC638648ns6:ShareCapital2023-08-31SC638648ns6:ShareCapital2022-08-31SC638648ns6:RetainedEarningsAccumulatedLosses2023-08-31SC638648ns6:RetainedEarningsAccumulatedLosses2022-08-31SC638648ns6:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-31SC638648ns6:PatentsTrademarksLicencesConcessionsSimilar2022-09-012023-08-31SC638648ns6:LeaseholdImprovements2022-09-012023-08-31SC638648ns6:PlantMachinery2022-09-012023-08-31SC638648ns6:FurnitureFittings2022-09-012023-08-31SC638648ns6:ComputerEquipment2022-09-012023-08-31SC638648ns6:IntangibleAssetsOtherThanGoodwill2022-08-31SC638648ns6:IntangibleAssetsOtherThanGoodwill2023-08-31SC638648ns6:IntangibleAssetsOtherThanGoodwill2022-08-31SC638648ns6:PlantMachinery2022-08-31SC638648ns6:PlantMachinery2023-08-31SC638648ns6:PlantMachinery2022-08-31SC638648ns6:CostValuation2022-08-31SC638648ns6:WithinOneYearns6:CurrentFinancialInstruments2023-08-31SC638648ns6:WithinOneYearns6:CurrentFinancialInstruments2022-08-31
REGISTERED NUMBER: SC638648 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Warriors Lifestyle Ltd

Warriors Lifestyle Ltd (Registered number: SC638648)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Warriors Lifestyle Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: A W Hay





REGISTERED OFFICE: Cottage No.2
Wallaceneuk Farm
Kelso
Roxburghshire
TD5 8JW





REGISTERED NUMBER: SC638648 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

Warriors Lifestyle Ltd (Registered number: SC638648)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,667 19,167
Tangible assets 5 203,097 169,897
Investments 6 695 695
220,459 189,759

CURRENT ASSETS
Stocks 5,106 5,390
Debtors 7 220,139 258,539
Cash at bank and in hand 51,683 50,253
276,928 314,182
CREDITORS
Amounts falling due within one year 8 173,310 161,835
NET CURRENT ASSETS 103,618 152,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,077

342,106

CREDITORS
Amounts falling due after more than one
year

9

(114,693

)

(118,536

)

PROVISIONS FOR LIABILITIES (38,993 ) (22,791 )
NET ASSETS 170,391 200,779

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 170,291 200,679
SHAREHOLDERS' FUNDS 170,391 200,779

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

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

Warriors Lifestyle Ltd (Registered number: SC638648)

Balance Sheet - continued
31 August 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 31 May 2024 and were signed by:





A W Hay - Director


Warriors Lifestyle Ltd (Registered number: SC638648)

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

1. STATUTORY INFORMATION

Warriors Lifestyle 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
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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 10% on cost
Plant and machinery - 33% on cost, 20% on cost and 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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 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.

Warriors Lifestyle Ltd (Registered number: SC638648)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 27 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 25,000
AMORTISATION
At 1 September 2022 5,833
Charge for year 2,500
At 31 August 2023 8,333
NET BOOK VALUE
At 31 August 2023 16,667
At 31 August 2022 19,167

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 284,174
Additions 74,432
At 31 August 2023 358,606
DEPRECIATION
At 1 September 2022 114,277
Charge for year 41,232
At 31 August 2023 155,509
NET BOOK VALUE
At 31 August 2023 203,097
At 31 August 2022 169,897

Warriors Lifestyle Ltd (Registered number: SC638648)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2022
and 31 August 2023 695
NET BOOK VALUE
At 31 August 2023 695
At 31 August 2022 695

7. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Other debtors 12,000 8,500

Amounts falling due after more than one year:
Amounts owed by associates 208,139 250,039

Aggregate amounts 220,139 258,539

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts and finance leases 27,213 24,389
Trade creditors 19,488 16,741
Taxation and social security 53,413 50,599
Other creditors 63,196 60,106
173,310 161,835

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 18,333 28,333
Hire purchase contracts and finance leases 45,727 16,657
Amounts owed to associates 50,633 73,546
114,693 118,536