Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity4246falsefalse SC580854 2023-01-01 2023-12-31 SC580854 2022-01-01 2022-12-31 SC580854 2023-12-31 SC580854 2022-12-31 SC580854 c:Director1 2023-01-01 2023-12-31 SC580854 c:Director2 2023-01-01 2023-12-31 SC580854 c:RegisteredOffice 2023-01-01 2023-12-31 SC580854 d:Buildings 2023-01-01 2023-12-31 SC580854 d:Buildings 2023-12-31 SC580854 d:Buildings 2022-12-31 SC580854 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC580854 d:PlantMachinery 2023-01-01 2023-12-31 SC580854 d:PlantMachinery 2023-12-31 SC580854 d:PlantMachinery 2022-12-31 SC580854 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC580854 d:MotorVehicles 2023-01-01 2023-12-31 SC580854 d:MotorVehicles 2023-12-31 SC580854 d:MotorVehicles 2022-12-31 SC580854 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC580854 d:FurnitureFittings 2023-01-01 2023-12-31 SC580854 d:FurnitureFittings 2023-12-31 SC580854 d:FurnitureFittings 2022-12-31 SC580854 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC580854 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC580854 d:Goodwill 2023-01-01 2023-12-31 SC580854 d:Goodwill 2023-12-31 SC580854 d:Goodwill 2022-12-31 SC580854 d:CurrentFinancialInstruments 2023-12-31 SC580854 d:CurrentFinancialInstruments 2022-12-31 SC580854 d:Non-currentFinancialInstruments 2023-12-31 SC580854 d:Non-currentFinancialInstruments 2022-12-31 SC580854 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC580854 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC580854 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 SC580854 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC580854 d:ShareCapital 2023-12-31 SC580854 d:ShareCapital 2022-12-31 SC580854 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC580854 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC580854 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC580854 c:OrdinaryShareClass1 2023-12-31 SC580854 c:FRS102 2023-01-01 2023-12-31 SC580854 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC580854 c:FullAccounts 2023-01-01 2023-12-31 SC580854 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC580854 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 SC580854 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC580854










ARMSTRONG'S BAR & RESTAURANT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
ARMSTRONG'S BAR & RESTAURANT LIMITED
 

COMPANY INFORMATION


Directors
Mr L Armstrong 
Miss L Orrock 




Registered number
SC580854



Registered office
Roundyhill
Glamis

Forfar

Angus

DD8 1QT




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
ARMSTRONG'S BAR & RESTAURANT LIMITED
REGISTERED NUMBER: SC580854

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Intangible assets
 4 
80,000
100,000

Tangible assets
 5 
827,562
665,479

  
907,562
765,479

Current assets
  

Stocks
  
7,500
7,500

Debtors: amounts falling due within one year
 6 
93,146
65,829

Cash at bank and in hand
  
94,955
156,653

  
195,601
229,982

Creditors: amounts falling due within one year
 7 
(328,884)
(320,460)

Net current liabilities
  
 
 
(133,283)
 
 
(90,478)

Total assets less current liabilities
  
774,279
675,001

Creditors: amounts falling due after more than one year
 8 
(212,398)
(238,580)

  

Net assets
  
561,881
436,421


Capital and reserves
  

Called up share capital 
 9 
100
100

Retained earnings
  
561,781
436,321

  
561,881
436,421


Page 1

 
ARMSTRONG'S BAR & RESTAURANT LIMITED
REGISTERED NUMBER: SC580854

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2024.




Mr L Armstrong
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ARMSTRONG'S BAR & RESTAURANT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Armstrong's Bar & Restaurant Limited is a company limited by shares incorporated in Scotland within the United Kingdom. The address of the registered office is Roundyhill, Glamis, Forfar, Angus, United Kingdom, DD8 1QT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
ARMSTRONG'S BAR & RESTAURANT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant and machinery
-
20% straight line
Motor vehicles
-
25% straight line
Fixtures and fittings
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.
During the prior year the business was in receipt of the following revenue grants in relation to the COVID-19 pandemic: 
Business Support Top Up (BSTU) which is recongnised when receivable.
Business Interuption Payment (BIP) which is recognised when receivable.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
ARMSTRONG'S BAR & RESTAURANT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 42 (2022 - 46).


4.


Intangible assets



Goodwill

£



Cost


At 1 January 2023
200,000



At 31 December 2023

200,000



Amortisation


At 1 January 2023
100,000


Charge for the year on owned assets
20,000



At 31 December 2023

120,000



Net book value



At 31 December 2023
80,000



Page 5

 
ARMSTRONG'S BAR & RESTAURANT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
659,613
179,176
12,133
10,929
861,851


Additions
164,036
-
-
-
164,036



At 31 December 2023

823,649
179,176
12,133
10,929
1,025,887



Depreciation


At 1 January 2023
-
173,310
12,133
10,929
196,372


Charge for the year on owned assets
-
1,953
-
-
1,953



At 31 December 2023

-
175,263
12,133
10,929
198,325



Net book value



At 31 December 2023
823,649
3,913
-
-
827,562

Page 6

 
ARMSTRONG'S BAR & RESTAURANT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
5,739
2,919

Other debtors
17,243
-

Prepayments and accrued income
70,164
62,910

93,146
65,829



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
29,439
28,553

Trade creditors
54,927
61,860

Other taxation and social security
111,177
92,885

Other creditors
70,440
83,647

Accruals and deferred income
62,901
53,515

328,884
320,460


The bank loans are secured by a bond and floating charge over the property and all the assets of the
company, together with a standard security over personal property owned by the directors.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
212,398
238,580

212,398
238,580


The bank loans are secured by a bond and floating charge over the property and all the assets of the
company, together with a standard security over personal property owned by the directors.

Page 7

 
ARMSTRONG'S BAR & RESTAURANT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



Page 8