13 September 2022 false No description of principal activity Taxfiler 2024.5 SC744253business:PrivateLimitedCompanyLtd2022-09-132023-12-31 SC7442532022-09-12 SC7442532022-09-132023-12-31 SC744253business:AuditExemptWithAccountantsReport2022-09-132023-12-31 SC744253business:FilletedAccounts2022-09-132023-12-31 SC7442532023-12-31 SC744253business:Director12022-09-132023-12-31 SC744253business:RegisteredOffice2022-09-132023-12-31 SC744253core:WithinOneYear2023-12-31 SC744253core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC744253core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC744253core:PreviouslyStatedAmount2023-12-31 SC744253business:SmallEntities2022-09-132023-12-31 SC744253countries:Scotland2022-09-132023-12-31 SC744253core:FurnitureFittings2022-09-132023-12-31 SC744253core:FurnitureFittings2022-09-12 SC744253core:FurnitureFittings2023-12-31 iso4217:GBP xbrli:pure
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
Page
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Newwood Bars Limited Company Information for the period from 13 September 2022 to 31 December 2023
Director
Jackie McLachlan
Company Number
SC744253 (Scotland)
Registered Office
26 DUNDAS STREET BONNYRIGG EH19 3AS SCOTLAND
Accountants
Oak Team Associates Limited 272 Bath Street Glasgow G2 4JR
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Newwood Bars Limited Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
49,467 
Current assets
Inventories
1,700 
Debtors
6,970 
Cash at bank and in hand
1,358 
10,028 
Creditors: amounts falling due within one year
(124,446)
Net current liabilities
(114,418)
Net liabilities
(64,951)
Capital and reserves
Called up share capital
1 
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
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Newwood Bars Limited Notes to the Accounts for the period from 13 September 2022 to 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 13 September 2022
- 
Additions
61,834 
At 31 December 2023
61,834 
Depreciation
Charge for the period
12,367 
At 31 December 2023
12,367 
Net book value
At 31 December 2023
49,467 
5
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
6,970 
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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 
£ 
VAT
1,407 
Trade creditors
47,105 
Taxes and social security
934 
Other creditors
50,000 
Loans from directors
25,000 
124,446 
7
Average number of employees
During the period the average number of employees was 8.
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