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REGISTERED NUMBER: SC117343 (Scotland)












Financial Statements

for the Year Ended 30 June 2024

for

Evertern Limited
T/A
Sharkey's Bar

Evertern Limited (Registered number: SC117343)
T/A Sharkey's Bar






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Evertern Limited
T/A Sharkey's Bar

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs E Sharkey
Mrs I Scott
Miss F Sharkey





SECRETARY: Mrs E Sharkey





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC117343 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Evertern Limited (Registered number: SC117343)
T/A Sharkey's Bar

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 18,787 23,261

CURRENT ASSETS
Inventories 4,200 4,995
Debtors 4 9,261 943
Cash at bank and in hand 9,514 41,059
22,975 46,997
CREDITORS
Amounts falling due within one year 5 39,352 59,968
NET CURRENT LIABILITIES (16,377 ) (12,971 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,410

10,290

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Revaluation reserve 7 54,000 56,000
Retained earnings (52,590 ) (46,710 )
SHAREHOLDERS' FUNDS 2,410 10,290

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

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

Evertern Limited (Registered number: SC117343)
T/A Sharkey's Bar

Statement of Financial Position - continued
30 June 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 25 March 2025 and were signed on its behalf by:





Mrs E Sharkey - Director


Evertern Limited (Registered number: SC117343)
T/A Sharkey's Bar

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

1. 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 as modified by the revaluation of certain assets.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the cash takings received from the provision of beverages and food, excluding value added tax.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 2% on cost

Inventories
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

Evertern Limited (Registered number: SC117343)
T/A Sharkey's Bar

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

1. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

3. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 3,063 223,647 226,710
DEPRECIATION
At 1 July 2023 3,060 200,389 203,449
Charge for year 1 4,473 4,474
At 30 June 2024 3,061 204,862 207,923
NET BOOK VALUE
At 30 June 2024 2 18,785 18,787
At 30 June 2023 3 23,258 23,261

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost 3,063 223,647 226,710

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,261 943

Evertern Limited (Registered number: SC117343)
T/A Sharkey's Bar

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Machine gaming duty 95 195
Trade creditors 7,860 12,524
Taxation and social security 16,938 16,099
Other creditors 14,459 31,150
39,352 59,968

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. RESERVES
Revaluation
reserve
£   
At 1 July 2023 56,000
Revaluation reserve (2,000 )

At 30 June 2024 54,000