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REGISTERED NUMBER: SC630711 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SCOFF & BANTER LIMITED

SCOFF & BANTER LIMITED (REGISTERED NUMBER: SC630711)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCOFF & BANTER LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: I Nugent





REGISTERED OFFICE: Unit 3
New Albion Industrial Estate
Halley Drive
Glasgow
G13 4DJ





REGISTERED NUMBER: SC630711 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

SCOFF & BANTER LIMITED (REGISTERED NUMBER: SC630711)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,809 26,585

CURRENT ASSETS
Stocks 3,750 3,750
Debtors 5 97,781 107,172
Cash at bank and in hand 16,944 9,697
118,475 120,619
CREDITORS
Amounts falling due within one year 6 51,206 57,125
NET CURRENT ASSETS 67,269 63,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,078

90,079

CREDITORS
Amounts falling due after more than one year 7 7,367 12,567
NET ASSETS 86,711 77,512

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 86,710 77,511
86,711 77,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 October 2024 and were signed by:



I Nugent - Director


SCOFF & BANTER LIMITED (REGISTERED NUMBER: SC630711)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Scoff & Banter 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
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 15 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 26,369 9,427 5,931 41,727
Additions - 7,842 - 7,842
At 31 December 2023 26,369 17,269 5,931 49,569
DEPRECIATION
At 1 January 2023 7,407 4,132 3,603 15,142
Charge for year 2,636 3,500 1,482 7,618
At 31 December 2023 10,043 7,632 5,085 22,760
NET BOOK VALUE
At 31 December 2023 16,326 9,637 846 26,809
At 31 December 2022 18,962 5,295 2,328 26,585

SCOFF & BANTER LIMITED (REGISTERED NUMBER: SC630711)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 97,781 107,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,200 5,200
Trade creditors 21,263 16,896
Taxation and social security 17,499 31,252
Other creditors 7,244 3,777
51,206 57,125

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 7,367 12,567

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
I Nugent
Balance outstanding at start of year 6,298 -
Amounts advanced 5,600 6,298
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,898 6,298

At 31/12/2023, an amount of £11,898 (2022 - £6,298) is owed to the company by the company director, Mr I Nugent. The loan is interest free with no fixed date for repayment and is disclosed in other debtors.