IRIS Accounts Production v24.2.0.383 SC529760 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5297602023-03-31SC5297602024-03-31SC5297602023-04-012024-03-31SC5297602022-03-31SC5297602022-04-012023-03-31SC5297602023-03-31SC529760ns15:Scotland2023-04-012024-03-31SC529760ns14:PoundSterling2023-04-012024-03-31SC529760ns10:Director12023-04-012024-03-31SC529760ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC529760ns10:SmallEntities2023-04-012024-03-31SC529760ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC529760ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC529760ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC529760ns10:FullAccounts2023-04-012024-03-31SC52976012023-04-012024-03-31SC529760ns10:RegisteredOffice2023-04-012024-03-31SC529760ns5:CurrentFinancialInstruments2024-03-31SC529760ns5:CurrentFinancialInstruments2023-03-31SC529760ns5:Non-currentFinancialInstruments2024-03-31SC529760ns5:Non-currentFinancialInstruments2023-03-31SC529760ns5:ShareCapital2024-03-31SC529760ns5:ShareCapital2023-03-31SC529760ns5:RetainedEarningsAccumulatedLosses2024-03-31SC529760ns5:RetainedEarningsAccumulatedLosses2023-03-31SC529760ns5:NetGoodwill2023-04-012024-03-31SC529760ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC529760ns5:LeaseholdImprovements2023-04-012024-03-31SC529760ns5:PlantMachinery2023-04-012024-03-31SC529760ns5:FurnitureFittings2023-04-012024-03-31SC529760ns5:MotorVehicles2023-04-012024-03-31SC529760ns5:NetGoodwill2023-03-31SC529760ns5:NetGoodwill2024-03-31SC529760ns5:NetGoodwill2023-03-31SC529760ns5:LandBuildings2023-03-31SC529760ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-31SC529760ns5:LeaseholdImprovements2023-03-31SC529760ns5:LandBuildings2023-04-012024-03-31SC529760ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-31SC529760ns5:LandBuildings2024-03-31SC529760ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-31SC529760ns5:LeaseholdImprovements2024-03-31SC529760ns5:LandBuildings2023-03-31SC529760ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-31SC529760ns5:LeaseholdImprovements2023-03-31SC529760ns5:PlantMachinery2023-03-31SC529760ns5:FurnitureFittings2023-03-31SC529760ns5:MotorVehicles2023-03-31SC529760ns5:PlantMachinery2024-03-31SC529760ns5:FurnitureFittings2024-03-31SC529760ns5:MotorVehicles2024-03-31SC529760ns5:PlantMachinery2023-03-31SC529760ns5:FurnitureFittings2023-03-31SC529760ns5:MotorVehicles2023-03-31SC529760ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-31SC529760ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC529760ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-31SC529760ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-31SC529760ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC529760ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC529760 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EEUSK AND PIAZZA LIMITED

EEUSK AND PIAZZA LIMITED (REGISTERED NUMBER: SC529760)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EEUSK AND PIAZZA LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: C McLeod





REGISTERED OFFICE: Ee-usk & Piazza
North Pier
OBAN
Argyll
PA34 5QD





REGISTERED NUMBER: SC529760 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

EEUSK AND PIAZZA LIMITED (REGISTERED NUMBER: SC529760)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 116,667
Tangible assets 5 3,183,312 4,325,845
3,183,312 4,442,512

CURRENT ASSETS
Stocks 12,000 13,000
Debtors 6 117,389 417
Cash at bank and in hand 1,430,228 1,280,364
1,559,617 1,293,781
CREDITORS
Amounts falling due within one year 7 662,972 1,034,884
NET CURRENT ASSETS 896,645 258,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,079,957

4,701,409

CREDITORS
Amounts falling due after more than one year 8 (14,552 ) (954,020 )

PROVISIONS FOR LIABILITIES (50,879 ) (120,128 )
NET ASSETS 4,014,526 3,627,261

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,014,426 3,627,161
SHAREHOLDERS' FUNDS 4,014,526 3,627,261

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.

EEUSK AND PIAZZA LIMITED (REGISTERED NUMBER: SC529760)

BALANCE SHEET - continued
31 March 2024


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 16 September 2024 and were signed by:





C McLeod - Director


EEUSK AND PIAZZA LIMITED (REGISTERED NUMBER: SC529760)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Eeusk and Piazza Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

EEUSK AND PIAZZA LIMITED (REGISTERED NUMBER: SC529760)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 115 (2023 - 115 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 200,000
Disposals (200,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 83,333
Amortisation for year 20,000
Eliminated on disposal (103,333 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 116,667

EEUSK AND PIAZZA LIMITED (REGISTERED NUMBER: SC529760)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1 April 2023 1,207,135 2,343,423 512,601
Additions 1,450 - -
Disposals (751,938 ) - (323,094 )
At 31 March 2024 456,647 2,343,423 189,507
DEPRECIATION
At 1 April 2023 - - 75,406
Charge for year - - 25,630
Eliminated on disposal - - (82,086 )
At 31 March 2024 - - 18,950
NET BOOK VALUE
At 31 March 2024 456,647 2,343,423 170,557
At 31 March 2023 1,207,135 2,343,423 437,195

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 123,843 398,002 22,570 4,607,574
Additions 16,326 5,820 26,990 50,586
Disposals (34,560 ) (188,509 ) - (1,298,101 )
At 31 March 2024 105,609 215,313 49,560 3,360,059
DEPRECIATION
At 1 April 2023 54,278 135,322 16,723 281,729
Charge for year 12,883 40,275 8,209 86,997
Eliminated on disposal (15,330 ) (94,563 ) - (191,979 )
At 31 March 2024 51,831 81,034 24,932 176,747
NET BOOK VALUE
At 31 March 2024 53,778 134,279 24,628 3,183,312
At 31 March 2023 69,565 262,680 5,847 4,325,845

EEUSK AND PIAZZA LIMITED (REGISTERED NUMBER: SC529760)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 22,570
Additions 26,990
Transfer to ownership (22,570 )
At 31 March 2024 26,990
DEPRECIATION
At 1 April 2023 16,723
Charge for year 8,209
Transfer to ownership (18,185 )
At 31 March 2024 6,747
NET BOOK VALUE
At 31 March 2024 20,243
At 31 March 2023 5,847

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 116,972 -
Other debtors 417 417
117,389 417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 195,009
Hire purchase contracts 24,478 30,000
Trade creditors 86,891 79,849
Taxation and social security 345,297 189,662
Other creditors 206,306 540,364
662,972 1,034,884

EEUSK AND PIAZZA LIMITED (REGISTERED NUMBER: SC529760)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 934,020
Hire purchase contracts 14,552 20,000
14,552 954,020

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr - 443,047