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REGISTERED NUMBER: SC558472 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Monterey Jacks Glasgow (West End) Ltd

Monterey Jacks Glasgow (West End) Ltd (Registered number: SC558472)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Monterey Jacks Glasgow (West End) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S W Galloway





REGISTERED OFFICE: 8 Cumbernauld House
Wilderness Brae, Cumbernauld
Glasgow
G67 3JG





REGISTERED NUMBER: SC558472 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Monterey Jacks Glasgow (West End) Ltd (Registered number: SC558472)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 82,140 81,912

CURRENT ASSETS
Stocks 6,742 11,242
Debtors 5 236,505 169,034
Cash at bank and in hand 15,428 153,412
258,675 333,688
CREDITORS
Amounts falling due within one year 6 (133,259 ) (139,818 )
NET CURRENT ASSETS 125,416 193,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,556

275,782

CREDITORS
Amounts falling due after more than one
year

7

(22,803

)

(24,844

)

PROVISIONS FOR LIABILITIES (17,179 ) (10,282 )
NET ASSETS 167,574 240,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,474 240,556
167,574 240,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Monterey Jacks Glasgow (West End) Ltd (Registered number: SC558472)

Balance Sheet - continued
31 January 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 12 June 2025 and were signed by:





S W Galloway - Director


Monterey Jacks Glasgow (West End) Ltd (Registered number: SC558472)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Monterey Jacks Glasgow (West End) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Stocks
Stocks 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Monterey Jacks Glasgow (West End) Ltd (Registered number: SC558472)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 31,734 99,143 11,488 142,365
Additions - 22,554 - 22,554
At 31 January 2024 31,734 121,697 11,488 164,919
DEPRECIATION
At 1 February 2023 15,260 41,364 3,829 60,453
Charge for year 3,173 16,281 2,872 22,326
At 31 January 2024 18,433 57,645 6,701 82,779
NET BOOK VALUE
At 31 January 2024 13,301 64,052 4,787 82,140
At 31 January 2023 16,474 57,779 7,659 81,912

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 3,131 1,271
Amounts owed by group undertakings 222,190 157,190
Other debtors 11,184 10,573
236,505 169,034

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 9,996 9,996
Trade creditors 40,123 44,785
Taxation and social security 47,445 49,583
Other creditors 35,695 35,454
133,259 139,818

Monterey Jacks Glasgow (West End) Ltd (Registered number: SC558472)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 22,803 24,844

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Monterey Jacks Holding Limited which is a company registered in Scotland.

The ultimate parent company is Foodcorp Ltd which is a company registered in Scotland.