IRIS Accounts Production v24.2.0.383 SC501519 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5015192023-03-31SC5015192024-03-31SC5015192023-04-012024-03-31SC5015192022-03-31SC5015192022-04-012023-03-31SC5015192023-03-31SC501519ns15:Scotland2023-04-012024-03-31SC501519ns14:PoundSterling2023-04-012024-03-31SC501519ns10:Director12023-04-012024-03-31SC501519ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC501519ns10:SmallEntities2023-04-012024-03-31SC501519ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC501519ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC501519ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC501519ns10:FullAccounts2023-04-012024-03-31SC501519ns10:RegisteredOffice2023-04-012024-03-31SC501519ns5:CurrentFinancialInstruments2024-03-31SC501519ns5:CurrentFinancialInstruments2023-03-31SC501519ns5:ShareCapital2024-03-31SC501519ns5:ShareCapital2023-03-31SC501519ns5:RetainedEarningsAccumulatedLosses2024-03-31SC501519ns5:RetainedEarningsAccumulatedLosses2023-03-31SC501519ns5:PlantMachinery2023-04-012024-03-31SC501519ns5:PlantMachinery2023-03-31SC501519ns5:PlantMachinery2024-03-31SC501519ns5:PlantMachinery2023-03-31SC501519ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC501519ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC501519 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE VOLUNTEER ARMS (TILLICOULTRY)
LIMITED

THE VOLUNTEER ARMS (TILLICOULTRY)
LIMITED (REGISTERED NUMBER: SC501519)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THE VOLUNTEER ARMS (TILLICOULTRY)
LIMITED

COMPANY INFORMATION
for the year ended 31 MARCH 2024







DIRECTOR: J F Black





REGISTERED OFFICE: Atlantic House
1a Cadogan Street
Glasgow
G2 6QE





REGISTERED NUMBER: SC501519 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

THE VOLUNTEER ARMS (TILLICOULTRY)
LIMITED (REGISTERED NUMBER: SC501519)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 459 817

CURRENT ASSETS
Stocks 4,176 3,534
Debtors 5 908 1,079
Cash at bank and in hand 19,215 16,879
24,299 21,492
CREDITORS
Amounts falling due within one year 6 (13,747 ) (21,691 )
NET CURRENT ASSETS/(LIABILITIES) 10,552 (199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,011

618

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,911 518
SHAREHOLDERS' FUNDS 11,011 618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 30 August 2024 and were signed by:



J F Black - Director


THE VOLUNTEER ARMS (TILLICOULTRY)
LIMITED (REGISTERED NUMBER: SC501519)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

THE VOLUNTEER ARMS (TILLICOULTRY) LIMITED, is a private company, limited by shares, registered in Scotland, registration number SC501519. The registered office is 10 Roxburgh Street, Grangemouth, Scotland, FK3 9AJ.

The principal activity of the company is running a licensed public house.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Plant and equipment
The estimates and assumptions made to determine asset lives require judgements to be made as regards useful lives and residual values. The useful lives and residual values of the company's financial assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on management experience with similar assets.

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

Sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 - 15% on cost and Straight line over 3 years

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

THE VOLUNTEER ARMS (TILLICOULTRY)
LIMITED (REGISTERED NUMBER: SC501519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

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 statement of financial position date.

Short term employee benefits
Short term employee benefits, including holiday pay, are expensed as the related service is provided. A liability is recognised for the amount expected to be paid if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably if material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

THE VOLUNTEER ARMS (TILLICOULTRY)
LIMITED (REGISTERED NUMBER: SC501519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,709
DEPRECIATION
At 1 April 2023 1,892
Charge for year 358
At 31 March 2024 2,250
NET BOOK VALUE
At 31 March 2024 459
At 31 March 2023 817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 908 1,079

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,775 6,015
Taxation and social security 5,603 13,172
Other creditors 1,369 2,504
13,747 21,691