Company Registration No. SC499428 (Scotland)
Girvans Restaurant Limited
Unaudited accounts
for the year ended 30 September 2024
Girvans Restaurant Limited
Unaudited accounts
Contents
Girvans Restaurant Limited
Company Information
for the year ended 30 September 2024
Company Number
SC499428 (Scotland)
Registered Office
2-4 Stephens Brae
Inverness
IV2 3JN
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Girvans Restaurant Limited
Statement of financial position
as at 30 September 2024
Intangible assets
25,000
50,000
Tangible assets
554,191
573,720
Cash at bank and in hand
213,919
330,483
Creditors: amounts falling due within one year
(136,574)
(176,720)
Net current assets
95,717
172,306
Total assets less current liabilities
674,908
796,026
Creditors: amounts falling due after more than one year
(26,689)
(165,127)
Provisions for liabilities
Deferred tax
(4,063)
(5,703)
Net assets
644,156
625,196
Called up share capital
1
1
Profit and loss account
644,155
625,195
Shareholders' funds
644,156
625,196
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2025 and were signed on its behalf by
Fiona Girvan
Director
Company Registration No. SC499428
Girvans Restaurant Limited
Notes to the Accounts
for the year ended 30 September 2024
Girvans Restaurant Limited is a private company, limited by shares, registered in Scotland, registration number SC499428. The registered office is 2-4 Stephens Brae, Inverness, IV2 3JN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 accounts. 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.
Girvans Restaurant Limited
Notes to the Accounts
for the year ended 30 September 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Total
At 30 September 2024
250,000
Charge for the year
25,000
At 30 September 2024
225,000
At 30 September 2024
25,000
At 30 September 2023
50,000
5
Tangible fixed assets
Total
At 30 September 2024
735,551
Charge for the year
24,014
At 30 September 2024
181,360
At 30 September 2024
554,191
At 30 September 2023
573,720
6
Operating lease commitments
2024
2023
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
188
-
Later than one year and not later than five years
-
563
7
Average number of employees
During the year the average number of employees was 30 (2023: 32).