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REGISTERED NUMBER: 11561141 (England and Wales)















SCOOPS BARRY ISLAND LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023






SCOOPS BARRY ISLAND LTD (REGISTERED NUMBER: 11561141)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


SCOOPS BARRY ISLAND LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023







DIRECTOR: P Collins





REGISTERED OFFICE: Recess Pavilion
Western Shelter
Paget Road, Barry Island
Barry
Wales
CF62 5TQ





REGISTERED NUMBER: 11561141 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

SCOOPS BARRY ISLAND LTD (REGISTERED NUMBER: 11561141)

BALANCE SHEET
29TH SEPTEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 21,050 1,050
Cash at bank 28,524 37,415
49,574 38,465
CREDITORS
Amounts falling due within one year 5 23,611 10,352
NET CURRENT ASSETS 25,963 28,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,963

28,113

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 25,962 28,112
25,963 28,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th September 2023 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.

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 25th September 2024 and were signed by:





P Collins - Director


SCOOPS BARRY ISLAND LTD (REGISTERED NUMBER: 11561141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023

1. STATUTORY INFORMATION

Scoops Barry Island Ltd is a private company, limited by shares , registered in England and Wales. 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

Reconcilability of debtors
Estimation is involved in the assessment of the recoverability of debtors and the calculation of the associated bad debt provision. Factors such as the age of debt, prior experience and recoverability statistics are included in management's assessment.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

SCOOPS BARRY ISLAND LTD (REGISTERED NUMBER: 11561141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks. Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, arei nitially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate. If the financial instrument gas a variable interest rate the currently effective rate under the contract is used.

A financial asset is derecognised only when the contractual rights to the cash flows from the financial asset expire or are settled or, substantially all of the risks and rewards of ownership of the financial asset have been transferred to another party or when despite haing retained some, but not sustantially all risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that abilty unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company derecognises the asset and recognises separately any rights and obligations retained or created in the transfer. A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

Taxation
Taxation for the period 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 period 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.

Creditors
Creditors include accruals and certain other short term financial instruments.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.

SCOOPS BARRY ISLAND LTD (REGISTERED NUMBER: 11561141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2022 TO 29TH SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
These financial statements have been prepared on a going concern basis on the grounds that the Directors consider that the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

Debtors
Debtors include certain other financial instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 21,050 1,050

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 21,212 9,137
Other creditors 2,399 1,215
23,611 10,352

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29th September 2023 and the year ended 30th September 2022:

2023 2022
£    £   
P Collins
Balance outstanding at start of period 315 2,571
Amounts advanced 50,000 6,000
Amounts repaid (48,815 ) (8,256 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,500 315

7. RELATED PARTY DISCLOSURES

During the period, total dividends of £50,000 (2022 - £6,000) were paid to the director .

Included in other debtors is a balance of £1050 (2022 £1050) due from North Valley Leisure a business operated by Mr P Collins.
Also included in other debtors is a balance of £20000 (2022 £nil) due from Barry Island Leisure Limited a company controlled by Mr P Collins.

8. ULTIMATE CONTROLLING PARTY

The controlling party is P Collins.