Spiers Bar Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC301190 (Scotland)

Financial Statements for the Year Ended 31 October 2018

for

SPIERS BAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S F Paterson

SECRETARY:

Lindsays

REGISTERED OFFICE:

Caledonian Exchange

19a Canning Street

Edinburgh

EH3 8HE

REGISTERED NUMBER:

SC301190 (Scotland)

ACCOUNTANTS:

Davidson Associates Limited

68 Edgehead Village

Pathhead

Midlothian

EH37 5RJ

FIXED ASSETS

Intangible assets

4

16,494

18,556

Tangible assets

5

30,840

8,860

47,334

27,416

CURRENT ASSETS

Stocks

7,729

8,930

Debtors

6

27,769

29,587

Cash at bank and in hand

12,022

10,696

47,520

49,213

CREDITORS

Amounts falling due within one year

7

(215,975

)

(176,381

)

NET CURRENT LIABILITIES

(168,455

)

(127,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(121,121

)

(99,752

)

CAPITAL AND RESERVES

Called up share capital

2

2

Share premium

12,824

12,824

Retained earnings

(133,947

)

(112,578

)

SHAREHOLDERS' FUNDS

(121,121

)

(99,752

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 May 2019 and were signed by:

S F Paterson - Director

1.	STATUTORY INFORMATION

Spiers Bar Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of the business in 2006,

was being amortised evenly over its estimated useful life of 30 years from the date of

acquisition of each business.In light of FRS102 a decision was made in the year ended 31

October 2017 to write off the remaining Goodwill over the 10 years to 31 October 2026. The

Director considers that the unamortised value of Goodwill at 31 October 2018 represents a

valid valuation.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

20% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 6 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2017

and 31 October 2018

31,140

AMORTISATION

At 1 November 2017

12,584

Charge for year

2,062

At 31 October 2018

14,646

NET BOOK VALUE

At 31 October 2018

16,494

At 31 October 2017

18,556

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2017

46,399

Additions

27,289

At 31 October 2018

73,688

DEPRECIATION

At 1 November 2017

37,539

Charge for year

5,309

At 31 October 2018

42,848

NET BOOK VALUE

At 31 October 2018

30,840

At 31 October 2017

8,860

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Amounts owed by group undertakings

20,414

21,191

Other debtors

7,355

8,396

27,769

29,587

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

11,527

15,849

Amounts owed to group undertakings

171,447

152,008

Taxation and social security

3,318

1,668

Other creditors

29,683

6,856

215,975

176,381

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Seven Hills Holding Limited.