Buck's Bar Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC537717 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BUCK'S BAR LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

87,478

102,303

Investments

5

100,000

187,478

202,303

CURRENT ASSETS

Stocks

6,000

Debtors

105,185

213,079

Cash at bank

32,869

61,193

144,054

280,272

CREDITORS

Amounts falling due within one year

259,694

259,932

NET CURRENT (LIABILITIES)/ASSETS

(115,640

)

20,340

TOTAL ASSETS LESS CURRENT
LIABILITIES

71,838

222,643

CAPITAL AND RESERVES

Called up share capital

5

Retained earnings

71,833

222,638

71,838

222,643

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 August 2025 and were signed on its behalf by:

M D Bergson - Director

1.	STATUTORY INFORMATION

Buck'S Bar Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC537717

Registered office:

22 Backbrae Street

Kilsyth

Glasgow

North Lanarkshire

G65 0NH

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 and revenue recognition

Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

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 49 (2023 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2023

131,900

Additions

6,140

At 31 October 2024

138,040

DEPRECIATION

At 1 November 2023

29,597

Charge for year

20,965

At 31 October 2024

50,562

NET BOOK VALUE

At 31 October 2024

87,478

At 31 October 2023

102,303

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 November 2023

and 31 October 2024

100,000

NET BOOK VALUE

At 31 October 2024

100,000

At 31 October 2023

100,000

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.24

31.10.23

£

Within one year

12,744

Between one and five years

50,976

In more than five years

32,969

38,232

96,689

101,952

7.	FINANCIAL INSTRUMENTS

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £20,971 (2023: £14,112). At the balance sheet date, unpaid contributions of £21,989 (2023: £24,563) were due to the fund. They are included in accruals.

9.	RELATED PARTY DISCLOSURES

During the year loans, invoices relating to expense recharges and monies received for expense recharges amounting to £531,350 (2023: £350,365) was received from a related parties by virtue of common control/ownership. The Company repaid £352,113 (2023: £175,272) via expense recharges and bank payments to the related parties.At year end £13,718 (2023: £165,520) was due from related parties.