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Registration number: SC472562

Bar Rollo Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Bar Rollo Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Bar Rollo Limited

Company Information

Directors

Mr George Rollo

Mrs Alison Rollo

Ms Ailsa Rollo

Registered office

Bruadair Craiglunie Gardens
Moulin
Pitlochry
PH16 5QG

Accountants

Bond CA
17-19 East London Street
Edinburgh
EH7 4ZD

 

Bar Rollo Limited

(Registration number: SC472562)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

16,299

27,927

Current assets

 

Stocks

5

11,000

10,000

Debtors

6

116,482

104,058

Cash at bank and in hand

 

169,868

200,528

 

297,350

314,586

Creditors: Amounts falling due within one year

7

(197,775)

(197,592)

Net current assets

 

99,575

116,994

Net assets

 

115,874

144,921

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

115,774

144,821

Shareholders' funds

 

115,874

144,921

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr George Rollo
Director

 

Bar Rollo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Bruadair Craiglunie Gardens
Moulin
Pitlochry
PH16 5QG

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current and deferred tax.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.
Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Bar Rollo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Asset class

Depreciation method and rate

Leasehold improvements

10% straight line

Plant and machinery

20% straight line

Motor vehicles

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and bank deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 20).

 

Bar Rollo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

116,101

7,998

42,572

166,671

Additions

-

-

1,360

1,360

At 31 May 2024

116,101

7,998

43,932

168,031

Depreciation

At 1 June 2023

91,577

7,998

39,169

138,744

Charge for the year

11,611

-

1,377

12,988

At 31 May 2024

103,188

7,998

40,546

151,732

Carrying amount

At 31 May 2024

12,913

-

3,386

16,299

At 31 May 2023

24,524

-

3,403

27,927

Included within the net book value of land and buildings above is £12,913 (2023 - £24,523) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

11,000

10,000

6

Debtors

Current

2024
£

2023
£

Other debtors

116,482

104,058

 

116,482

104,058

 

Bar Rollo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

22,198

30,644

Taxation and social security

83,568

86,915

Accruals and deferred income

42,530

46,006

Other creditors

49,479

34,027

197,775

197,592

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

ordinary of £1 each

100

100

100

100

       

9

Related party transactions

Transactions with directors

2024

At 1 June 2023
£

Advances to director
£

Repayments by director
£

At 31 May 2024
£

Ms Ailsa Rollo

Director's current account, interest 2.25%

91,679

60,000

(55,000)

96,679

2023

At 1 June 2022
£

Advances to director
£

At 31 May 2023
£

Ms Ailsa Rollo

Director's current account, interest 2.25%

-

91,679

91,679