Company Registration No. SC212731 (Scotland)
Tapas (Inverness) Limited
Unaudited accounts
for the year ended 28 March 2025
Tapas (Inverness) Limited
Unaudited accounts
Contents
Tapas (Inverness) Limited
Company Information
for the year ended 28 March 2025
Company Number
SC212731 (Scotland)
Registered Office
99 Castle Street
Inverness
IV2 3EA
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Tapas (Inverness) Limited
Statement of financial position
as at 28 March 2025
Tangible assets
11,821
11,690
Cash at bank and in hand
11,316
27,267
Creditors: amounts falling due within one year
(163,554)
(160,963)
Net current (liabilities)/assets
(10,279)
7,265
Total assets less current liabilities
1,542
18,955
Creditors: amounts falling due after more than one year
(41,661)
(47,171)
Net liabilities
(40,119)
(28,216)
Called up share capital
1,000
1,000
Profit and loss account
(41,119)
(29,216)
Shareholders' funds
(40,119)
(28,216)
For the year ending 28 March 2025 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 his 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 11 December 2025 and were signed on its behalf by
D M Chisholm
Director
Company Registration No. SC212731
Tapas (Inverness) Limited
Notes to the Accounts
for the year ended 28 March 2025
Tapas (Inverness) Limited is a private company, limited by shares, registered in Scotland, registration number SC212731. The registered office is 99 Castle Street, Inverness, IV2 3EA.
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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
6.67% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
15% to 25% straight line
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tapas (Inverness) Limited
Notes to the Accounts
for the year ended 28 March 2025
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.
The company had net liabilities of £40,119 at 28 March 2025 (2024 - £28,216). The accounts have been prepared using the going concern concept as the director is of the opinion that the company has adequate funding in place for at least the coming twelve months.
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Tangible fixed assets
Total
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Operating lease commitments
2025
2024
At 28 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
275,000
300,000
Included in debtors is a loan of £97,996 (2024 - £91,676) to the director D M Chisholm. The loan is unsecured and bears interest at the current statutory rate.
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Average number of employees
During the year the average number of employees was 15 (2024: 19).