Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr Barry Scott 10/07/2013 Mrs Ruth Scott 24/04/2008 23 January 2025 The principal activity of the Company continues to be that of a Bistro. SC341902 2024-04-30 SC341902 bus:Director1 2024-04-30 SC341902 bus:Director2 2024-04-30 SC341902 2023-04-30 SC341902 core:CurrentFinancialInstruments 2024-04-30 SC341902 core:CurrentFinancialInstruments 2023-04-30 SC341902 core:Non-currentFinancialInstruments 2024-04-30 SC341902 core:Non-currentFinancialInstruments 2023-04-30 SC341902 core:ShareCapital 2024-04-30 SC341902 core:ShareCapital 2023-04-30 SC341902 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC341902 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC341902 core:Vehicles 2023-04-30 SC341902 core:FurnitureFittings 2023-04-30 SC341902 core:Vehicles 2024-04-30 SC341902 core:FurnitureFittings 2024-04-30 SC341902 core:CurrentFinancialInstruments core:Secured 2024-04-30 SC341902 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-04-30 SC341902 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-30 SC341902 bus:OrdinaryShareClass1 2024-04-30 SC341902 2023-05-01 2024-04-30 SC341902 bus:FilletedAccounts 2023-05-01 2024-04-30 SC341902 bus:SmallEntities 2023-05-01 2024-04-30 SC341902 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC341902 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC341902 bus:Director1 2023-05-01 2024-04-30 SC341902 bus:Director2 2023-05-01 2024-04-30 SC341902 core:Vehicles 2023-05-01 2024-04-30 SC341902 core:FurnitureFittings core:TopRangeValue 2023-05-01 2024-04-30 SC341902 2022-05-01 2023-04-30 SC341902 core:FurnitureFittings 2023-05-01 2024-04-30 SC341902 core:CurrentFinancialInstruments 2023-05-01 2024-04-30 SC341902 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 SC341902 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 SC341902 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC341902 (Scotland)

BOTHY BISTRO BURGHEAD LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

BOTHY BISTRO BURGHEAD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

BOTHY BISTRO BURGHEAD LTD

BALANCE SHEET

AS AT 30 APRIL 2024
BOTHY BISTRO BURGHEAD LTD

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 136,947 145,024
136,947 145,024
Current assets
Stocks 26,010 25,250
Debtors 4 22,157 23,346
Cash at bank and in hand 50,330 8,098
98,497 56,694
Creditors: amounts falling due within one year 5 ( 220,411) ( 187,049)
Net current liabilities (121,914) (130,355)
Total assets less current liabilities 15,033 14,669
Creditors: amounts falling due after more than one year 6 ( 20,199) ( 33,450)
Net liabilities ( 5,166) ( 18,781)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 5,266 ) ( 18,881 )
Total shareholders' deficit ( 5,166) ( 18,781)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bothy Bistro Burghead Ltd (registered number: SC341902) were approved and authorised for issue by the Board of Directors on 23 January 2025. They were signed on its behalf by:

Mr Barry Scott
Director
BOTHY BISTRO BURGHEAD LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
BOTHY BISTRO BURGHEAD LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bothy Bistro Burghead Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 36 Moycroft Road, Moycroft Industrial Estate, Elgin, IV30 1XE, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Although the financial statements have net current liabilities of £121,914 (2023 - £130,355) they have been prepared on the going concern basis as the directors consider it appropriate to do so. In coming to this conclusion the directors have agreed to financially support the company to ensure that all liabilities are met as they fall due. Additionally, the directors will not seek repayment for amounts due to them until there are sufficient cash resources to do so.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 45 37

3. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 May 2023 16,846 205,416 222,262
Additions 0 12,548 12,548
At 30 April 2024 16,846 217,964 234,810
Accumulated depreciation
At 01 May 2023 11,888 65,350 77,238
Charge for the financial year 1,239 19,386 20,625
At 30 April 2024 13,127 84,736 97,863
Net book value
At 30 April 2024 3,719 133,228 136,947
At 30 April 2023 4,958 140,066 145,024

4. Debtors

2024 2023
£ £
Other debtors 22,157 23,346

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 10,035 9,788
Trade creditors 27,415 35,669
Amounts owed to related parties 147,138 87,980
Other taxation and social security 28,736 32,519
Obligations under finance leases and hire purchase contracts (secured) 3,215 2,921
Other creditors 3,872 18,172
220,411 187,049

Amounts relating to assets held under finance leases are secured over the assets to which they relate.

The above bank loan is a Bounce Back Loan and is 100% guaranteed by the UK Government. It remains unsecured over the assets of the company.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 19,062 29,097
Obligations under finance leases and hire purchase contracts (secured) 1,137 4,353
20,199 33,450

The above bank loan is a Bounce Back Loan and is 100% guaranteed by the UK Government. It remains unsecured over the assets of the company.

Amounts relating to assets held under finance leases are secured over the assets to which they relate.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts due to key management personnel 0 13,418

These amounts are interest free and have no fixed terms of repayment.

Other related party transactions

2024 2023
£ £
Amounts due to other related parties 147,138 87,980

These amounts are interest free and have no fixed terms of repayment.