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REGISTERED NUMBER: SC427246 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Balvicar Convenience Stores Ltd

Balvicar Convenience Stores Ltd (Registered number: SC427246)






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


Balvicar Convenience Stores Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs W Dugdale





SECRETARY:





REGISTERED OFFICE: Balvicar Stores
Balvicar
Oban
Argyll
PA34 4TF





REGISTERED NUMBER: SC427246 (Scotland)





ACCOUNTANTS: A.G.L. Accountancy Services Limited
Flat 2
20 Harlow Moor Drive
Harrogate
North Yorkshire
HG2 0JX

Balvicar Convenience Stores Ltd (Registered number: SC427246)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 326,138 318,473

CURRENT ASSETS
Stocks 24,706 32,803
Cash at bank and in hand 29,328 27,984
54,034 60,787
CREDITORS
Amounts falling due within one year 5 30,506 42,432
NET CURRENT ASSETS 23,528 18,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,666

336,828

CREDITORS
Amounts falling due after more than one
year

6

205,571

210,262
NET ASSETS 144,095 126,566

CAPITAL AND RESERVES
Called up share capital 250 200
Retained earnings 143,845 126,366
SHAREHOLDERS' FUNDS 144,095 126,566

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 director acknowledges her 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.

Balvicar Convenience Stores Ltd (Registered number: SC427246)

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 director and authorised for issue on 17 October 2024 and were signed by:





Mrs W Dugdale - Director


Balvicar Convenience Stores Ltd (Registered number: SC427246)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Balvicar Convenience Stores 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.

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.
Plant and machinery etc - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Balvicar Convenience Stores Ltd (Registered number: SC427246)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 280,000 60,300 340,300
Additions - 9,700 9,700
At 31 July 2024 280,000 70,000 350,000
DEPRECIATION
At 1 August 2023 - 21,827 21,827
Charge for year - 2,035 2,035
At 31 July 2024 - 23,862 23,862
NET BOOK VALUE
At 31 July 2024 280,000 46,138 326,138
At 31 July 2023 280,000 38,473 318,473

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 3,403 3,732
Trade creditors 14,494 11,774
Taxation and social security 2,085 2,058
Other creditors 10,524 24,868
30,506 42,432

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 51,693
Other creditors 205,571 158,569
205,571 210,262

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 196,784 158,569

7. CHARGE ON PROPERTY

The Royal Bank of Scotland have a charge on the property and the plot of land under title ARG23769. The charge is dated 07.08.17.