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REGISTERED NUMBER: SC397496 (Scotland)




















Rannoch Road Takeaway Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Rannoch Road Takeaway Limited (Registered number: SC397496)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rannoch Road Takeaway Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr D K F Shek



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC397496 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: TSB Bank plc
PO Box 373
Leeds
LS14 9GQ

Rannoch Road Takeaway Limited (Registered number: SC397496)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 184 183

CURRENT ASSETS
Stocks 1,200 1,670
Debtors 5 4,856 875
Cash at bank 24,341 20,628
30,397 23,173
CREDITORS
Amounts falling due within one year 6 7,188 9,577
NET CURRENT ASSETS 23,209 13,596
TOTAL ASSETS LESS CURRENT LIABILITIES 23,393 13,779

PROVISIONS FOR LIABILITIES 35 35
NET ASSETS 23,358 13,744

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,357 13,743
SHAREHOLDERS' FUNDS 23,358 13,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Rannoch Road Takeaway Limited (Registered number: SC397496)

Balance Sheet - continued
30 April 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 4 February 2025 and were signed by:





Mr D K F Shek - Director


Rannoch Road Takeaway Limited (Registered number: SC397496)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Rannoch Road Takeaway 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 and revenue recognition
Turnover, which represents gross invoiced sales of goods, is recognised at the point when the food or drink is served or delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost and 25% on cost

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

Financial instruments
The company only has financial assets and financial 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.

All loans with related parties are all repayable on demand.

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.


Rannoch Road Takeaway Limited (Registered number: SC397496)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 May 2023 1,221
Additions 245
At 30 April 2024 1,466
DEPRECIATION
At 1 May 2023 1,038
Charge for year 244
At 30 April 2024 1,282
NET BOOK VALUE
At 30 April 2024 184
At 30 April 2023 183

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,856 875

Rannoch Road Takeaway Limited (Registered number: SC397496)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,932 927
Other creditors 3,256 8,650
7,188 9,577

The director's current account is unsecured, interest free and has no fixed term of repayment.