OK PUB LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
348,390
342,013
Cash at bank and in hand
78,073
54,523
Creditors: amounts falling due within one year
(342,932)
(336,056)
Net current liabilities
(260,241)
(278,088)
Total assets less current liabilities
88,149
63,925
Creditors: amounts falling due after more than one year
(38,944)
(75,967)
Net assets/(liabilities)
49,205
(12,042)
Called up share capital
10,000
10,000
Profit and loss account
39,205
(22,042)
Shareholders' funds
49,205
(12,042)
For the year ending 31 January 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by
Gregor Baillie
Director
Company Registration No. SC467125
OK PUB LIMITED
Notes to the Accounts
for the year ended 31 January 2024
OK PUB LIMITED is a private company, limited by shares, registered in Scotland, registration number SC467125. The registered office is THE TWISTED THISTLE 316 DUMBARTON ROAD, OLD KILPATRICK, GLASGOW, G60 5JH, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
2% straight line
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
368,088
186,727
554,815
At 31 January 2024
368,088
206,175
574,263
At 1 February 2023
63,725
149,077
212,802
Charge for the year
7,362
5,709
13,071
At 31 January 2024
71,087
154,786
225,873
At 31 January 2024
297,001
51,389
348,390
At 31 January 2023
304,363
37,650
342,013
OK PUB LIMITED
Notes to the Accounts
for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
43,664
46,270
Taxes and social security
26,179
6,883
Other creditors
12,384
19,901
Loans from directors
251,228
251,228
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).