Company Registration No. SC744253 (Scotland)
Newwood Bars Limited
Unaudited accounts
for the period from 13 September 2022 to 31 December 2023
Newwood Bars Limited
Unaudited accounts
Contents
Newwood Bars Limited
Company Information
for the period from 13 September 2022 to 31 December 2023
Company Number
SC744253 (Scotland)
Registered Office
26 DUNDAS STREET
BONNYRIGG
EH19 3AS
SCOTLAND
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
Newwood Bars Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
1,358
Creditors: amounts falling due within one year
(124,446)
Net current liabilities
(114,418)
Profit and loss account
(64,952)
Shareholders' funds
(64,951)
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2024 and were signed on its behalf by
Jackie McLachlan
Director
Company Registration No. SC744253
Newwood Bars Limited
Notes to the Accounts
for the period from 13 September 2022 to 31 December 2023
Newwood Bars Limited is a private company, limited by shares, registered in Scotland, registration number SC744253. The registered office is 26 DUNDAS STREET, BONNYRIGG, EH19 3AS, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2023
61,834
Charge for the period
12,367
At 31 December 2023
12,367
At 31 December 2023
49,467
Amounts falling due within one year
Newwood Bars Limited
Notes to the Accounts
for the period from 13 September 2022 to 31 December 2023
6
Creditors: amounts falling due within one year
2023
Taxes and social security
934
Loans from directors
25,000
7
Average number of employees
During the period the average number of employees was 8.