Bar Knight McLintock Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC208309

Bar Knight McLintock Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Bar Knight McLintock Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	2,267	1,246
Investments	6	834,798	820,551
		---------	---------
		837,065	821,797

Current assets

Stocks		69,500	71,000
Debtors	7	56,036	51,608
Cash at bank and in hand		237,982	409,734
		---------	---------
		363,518	532,342

Creditors: amounts falling due within one year	8	100,710	148,358
		---------	---------
Net current assets		262,808	383,984
		------------	------------
Total assets less current liabilities		1,099,873	1,205,781
		------------	------------
Net assets		1,099,873	1,205,781
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,099,773	1,205,681
	------------	------------
Shareholders funds	1,099,873	1,205,781
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

Bar Knight McLintock Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

Mrs G Helsby
Director

Company registration number: SC208309

Bar Knight McLintock Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Mercantile Chambers, 53 Bothwell Street, Glasgow, G2 6TB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	straight line over life of lease
Plant & Machinery	-	10%, 20% and 33% straight line
Motor Vehichles	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	15,000	94,872	13,987	123,859
Additions	–	1,855	–	1,855
	--------	--------	--------	---------
At 31 March 2025	15,000	96,727	13,987	125,714
	--------	--------	--------	---------
Depreciation
At 1 April 2024	15,000	93,626	13,987	122,613
Charge for the year	–	834	–	834
	--------	--------	--------	---------
At 31 March 2025	15,000	94,460	13,987	123,447
	--------	--------	--------	---------
Carrying amount
At 31 March 2025	–	2,267	–	2,267
	--------	--------	--------	---------
At 31 March 2024	–	1,246	–	1,246
	--------	--------	--------	---------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024	820,551
Additions	37,523
Disposals	( 37,553)
Revaluations	14,277
	---------
At 31 March 2025	834,798
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	834,798
	---------
At 31 March 2024	820,551
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	52,913	48,410
Other debtors	3,123	3,198
	--------	--------
	56,036	51,608
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	65,639	97,611
Corporation tax	27,398	44,222
Social security and other taxes	3,923	2,775
Other creditors	3,750	3,750
	---------	---------
	100,710	148,358
	---------	---------

9. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	834,798	820,551
	---------	---------

10. Related party transactions

L Helsby is a Director and shareholder of LK Needles Limited. During the year the company paid £100,000 in management charges to LK Needles Limited (2024: £100,000) and made purchases of £150,948 (2024: £163,926) from LK Needles Limited. At the year end the company owed LK Needles Limited £48,662 (2024: £86,008). During the year aggregate salaries of £24,000 (2024: £24,000) were paid to the Directors and benefits in kind were £2,563 (2023: £3,089). During the year aggregate dividends of £200,000 (2024: £225,000) were paid to the directors. During the year the company made aggregate contributions to the directors’ pension schemes of £138,000 (2024 : £138,000). No other transactions with related parties were entered into during the year that are required to be disclosed under the terms of FRS 102 Section 1A.