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REGISTERED NUMBER: SC081146 (Scotland)













Unaudited Financial Statements

for the Year Ended 1 March 2024

for

BAR ONE CLOTHING LTD

BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)






Contents of the Financial Statements
FOR THE YEAR ENDED 1 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAR ONE CLOTHING LTD

Company Information
FOR THE YEAR ENDED 1 MARCH 2024







DIRECTORS: G J Roulston
L A C Roulston
J H Roulston



SECRETARY: L A C Roulston



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



REGISTERED NUMBER: SC081146 (Scotland)



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



BANKERS: The Royal Bank of Scotland plc
Glasgow Sauchiehall Street Branch
23 Sauchiehall Street
Glasgow
G2 3AD

BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

Balance Sheet
1 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 234,932 128,711
Investments 5 211,809 224,416
446,741 353,127

CURRENT ASSETS
Stocks 102,395 152,829
Debtors 6 367,279 344,641
Cash at bank and in hand 74,485 41,933
544,159 539,403
CREDITORS
Amounts falling due within one year 7 355,887 383,009
NET CURRENT ASSETS 188,272 156,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,013

509,521

CREDITORS
Amounts falling due after more than one
year

8

(134,875

)

(9,320

)

PROVISIONS FOR LIABILITIES (46,986 ) (23,663 )
NET ASSETS 453,152 476,538

BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

Balance Sheet - continued
1 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,004 1,004
Retained earnings 452,148 475,534
SHAREHOLDERS' FUNDS 453,152 476,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 March 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 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 18 November 2024 and were signed on its behalf by:




J H Roulston - Director



L A C Roulston - Director


BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

Notes to the Financial Statements
FOR THE YEAR ENDED 1 MARCH 2024

1. STATUTORY INFORMATION

Bar One Clothing 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 as modified by the revaluation of certain assets.

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 - 20% on a reducing balance basis
Fixtures and fittings - 20% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33.33% on a straight line basis

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 1 MARCH 2024

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments are stated at cost less provision for any diminution in value. For listed investments, market value is based on the closing middle-market price on a recognised stock exchange.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 2 March 2023 473,837 110,724 70,920 64,989 720,470
Additions 17,693 594 206,709 5,130 230,126
Disposals - - (92,939 ) - (92,939 )
At 1 March 2024 491,530 111,318 184,690 70,119 857,657
DEPRECIATION
At 2 March 2023 414,820 73,467 39,115 64,357 591,759
Charge for year 15,342 6,380 46,172 2,187 70,081
Eliminated on disposal - - (39,115 ) - (39,115 )
At 1 March 2024 430,162 79,847 46,172 66,544 622,725
NET BOOK VALUE
At 1 March 2024 61,368 31,471 138,518 3,575 234,932
At 1 March 2023 59,017 37,257 31,805 632 128,711

Cost or valuation at 1 March 2024 is represented by:

Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost 491,530 111,318 184,690 70,119 857,657

BAR ONE CLOTHING LTD (REGISTERED NUMBER: SC081146)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 1 MARCH 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 2 March 2023 224,416
Additions 51,019
Disposals (64,527 )
Revaluations 901
At 1 March 2024 211,809
NET BOOK VALUE
At 1 March 2024 211,809
At 1 March 2023 224,416


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 94,806 89,115
Amounts owed by group undertakings 241,298 254,286
Other debtors 31,175 1,240
367,279 344,641

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,947 10,697
Trade creditors 175,921 144,979
Taxation and social security 41,221 67,687
Other creditors 108,798 159,646
355,887 383,009

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 132,851 6,240
Other creditors 2,024 3,080
134,875 9,320