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REGISTERED NUMBER: SC729660 (Scotland)















Archway Hospitality Ltd

Financial Statements For The Year Ended 29 February 2024






Archway Hospitality Ltd (Registered number: SC729660)






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


Archway Hospitality Ltd

Company Information
For The Year Ended 29 February 2024







DIRECTOR: J Sinclair





REGISTERED OFFICE: 1 Sir Johns Square
Thurso
Caithness
KW14 7AN





REGISTERED NUMBER: SC729660 (Scotland)





ACCOUNTANTS: The Long Partnership
Chartered Accountants
Chartered Tax Advisers
1 Sir John's Square
Thurso
Caithness
KW14 7AN

Archway Hospitality Ltd (Registered number: SC729660)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,466 8,966
Tangible assets 5 127,697 130,827
134,163 139,793

CURRENT ASSETS
Stocks 4,318 2,851
Debtors 6 14,149 243
Cash at bank 857 732
19,324 3,826
CREDITORS
Amounts falling due within one year 7 160,019 36,748
NET CURRENT LIABILITIES (140,695 ) (32,922 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,532

)

106,871

CREDITORS
Amounts falling due after more than one
year

8

74,265

141,965
NET LIABILITIES (80,797 ) (35,094 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (80,897 ) (35,194 )
SHAREHOLDERS' FUNDS (80,797 ) (35,094 )

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 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.

Archway Hospitality Ltd (Registered number: SC729660)

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 director and authorised for issue on 25 September 2024 and were signed by:





J Sinclair - Director


Archway Hospitality Ltd (Registered number: SC729660)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Archway Hospitality 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% 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.

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.

Archway Hospitality Ltd (Registered number: SC729660)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 10,000
AMORTISATION
At 1 March 2023 1,034
Charge for year 2,500
At 29 February 2024 3,534
NET BOOK VALUE
At 29 February 2024 6,466
At 28 February 2023 8,966

5. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
COST
At 1 March 2023 103,574 30,397 133,971
Additions - 4,347 4,347
At 29 February 2024 103,574 34,744 138,318
DEPRECIATION
At 1 March 2023 - 3,144 3,144
Charge for year - 7,477 7,477
At 29 February 2024 - 10,621 10,621
NET BOOK VALUE
At 29 February 2024 103,574 24,123 127,697
At 28 February 2023 103,574 27,253 130,827

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 14,149 243

Archway Hospitality Ltd (Registered number: SC729660)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 22,057 12,855
Trade creditors 14,378 5,773
Taxation and social security 11,436 -
Other creditors 112,148 18,120
160,019 36,748

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 74,265 141,965

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2023 (35,194 )
Deficit for the year (45,703 )
At 29 February 2024 (80,897 )