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REGISTERED NUMBER: SC620177 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Rum Barber Glasgow Limited

Rum Barber Glasgow Limited (Registered number: SC620177)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rum Barber Glasgow Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: P D Montgomery
J Goss





REGISTERED OFFICE: 4 Kersland Street
Glasgow
G12 8BL





REGISTERED NUMBER: SC620177 (Scotland)





ACCOUNTANTS: Clements
Chartered Accountants
17 Colquhoun Square
Helensburgh
G84 8AD

Rum Barber Glasgow Limited (Registered number: SC620177)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,248 6,622

CURRENT ASSETS
Debtors 5 5,168 5,459
Cash at bank 1,595 49
6,763 5,508
CREDITORS
Amounts falling due within one year 6 15,401 13,051
NET CURRENT LIABILITIES (8,638 ) (7,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,610

(921

)

CREDITORS
Amounts falling due after more than one
year

7

4,076

7,834
NET LIABILITIES (2,466 ) (8,755 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,566 ) (8,855 )
SHAREHOLDERS' FUNDS (2,466 ) (8,755 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Rum Barber Glasgow Limited (Registered number: SC620177)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





J Goss - Director


Rum Barber Glasgow Limited (Registered number: SC620177)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Rum Barber Glasgow 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period. The company recognises revenue when it has the right to receive it.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 10% on reducing balance

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Rum Barber Glasgow Limited (Registered number: SC620177)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 March 2023 9,308
Additions 4,288
At 29 February 2024 13,596
DEPRECIATION
At 1 March 2023 2,686
Charge for year 662
At 29 February 2024 3,348
NET BOOK VALUE
At 29 February 2024 10,248
At 28 February 2023 6,622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 5,168 5,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 3,758 3,758
Taxation and social security - 1,004
Other creditors 11,643 8,289
15,401 13,051

Included in Other creditors are directors' current accounts which are unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 4,076 7,834