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REGISTERED NUMBER: SC558257 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

THE SANDWICH STATION LOCHRANZA LTD

THE SANDWICH STATION LOCHRANZA LTD (REGISTERED NUMBER: SC558257)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SANDWICH STATION LOCHRANZA LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J R Malpas
Mrs L Zietsman





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC558257 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

THE SANDWICH STATION LOCHRANZA LTD (REGISTERED NUMBER: SC558257)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,397 19,970
Tangible assets 5 12,258 11,086
26,655 31,056

CURRENT ASSETS
Stocks 6 4,325 4,500
Debtors 7 - 230
Cash at bank and in hand 77,696 61,601
82,021 66,331
CREDITORS
Amounts falling due within one year 8 102,484 79,052
NET CURRENT LIABILITIES (20,463 ) (12,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,192

18,335

PROVISIONS FOR LIABILITIES 2,227 1,982
NET ASSETS 3,965 16,353

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,865 16,253
SHAREHOLDERS' FUNDS 3,965 16,353

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 SANDWICH STATION LOCHRANZA LTD (REGISTERED NUMBER: SC558257)

Balance Sheet - continued
31 JULY 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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





J R Malpas - Director


THE SANDWICH STATION LOCHRANZA LTD (REGISTERED NUMBER: SC558257)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

The Sandwich Station Lochranza Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2017, 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.
Plant and machinery - 20% on a reducing balance basis
Fixtures and fittings - 20% on a reducing balance basis
Computer equipment - 33% on a straight line basis

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.


THE SANDWICH STATION LOCHRANZA LTD (REGISTERED NUMBER: SC558257)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 55,730
AMORTISATION
At 1 August 2023 35,760
Amortisation for year 5,573
At 31 July 2024 41,333
NET BOOK VALUE
At 31 July 2024 14,397
At 31 July 2023 19,970

THE SANDWICH STATION LOCHRANZA LTD (REGISTERED NUMBER: SC558257)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 27,138 2,100 742 29,980
Additions 3,750 439 216 4,405
At 31 July 2024 30,888 2,539 958 34,385
DEPRECIATION
At 1 August 2023 16,685 1,607 602 18,894
Charge for year 2,840 186 207 3,233
At 31 July 2024 19,525 1,793 809 22,127
NET BOOK VALUE
At 31 July 2024 11,363 746 149 12,258
At 31 July 2023 10,453 493 140 11,086

6. STOCKS
2024 2023
£    £   
Stocks 4,325 4,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 230

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,629 5,041
Taxation and social security 15,255 14,653
Other creditors 80,600 59,358
102,484 79,052