Edinburgh Bars Ltd

Edinburgh Bars Ltd

EDINBURGH BARS LTD - Company Information

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1 November 2017 false No description of principal activity Taxfiler 2019.7.Web SC415950business:PrivateLimitedCompanyLtd2017-11-012018-10-31 SC4159502017-10-31 SC4159502017-11-012018-10-31 SC415950business:AuditExemptWithAccountantsReport2017-11-012018-10-31 SC415950business:FullAccounts2017-11-012018-10-31 SC4159502018-10-31 SC415950business:Director12017-11-012018-10-31 SC415950business:RegisteredOffice2017-11-012018-10-31 SC4159502017-10-31 SC415950core:WithinOneYear2018-10-31 SC415950core:WithinOneYear2017-10-31 SC415950core:ShareCapital2018-10-31 SC415950core:ShareCapital2017-10-31 SC415950core:RetainedEarningsAccumulatedLosses2018-10-31 SC415950core:RetainedEarningsAccumulatedLosses2017-10-31 SC415950business:SmallEntities2017-11-012018-10-31 SC415950countries:Scotland2017-11-012018-10-31 SC415950core:FurnitureFittings2017-11-012018-10-31 SC415950core:FurnitureFittings2017-10-31 SC415950core:FurnitureFittings2018-10-31 SC415950core:AdditionsToInvestments2018-10-31 SC4159502016-11-012017-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC415950 (Scotland)
Edinburgh Bars Ltd Unaudited accounts for the year ended 31 October 2018
Edinburgh Bars Ltd Unaudited accounts Contents
Page
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Edinburgh Bars Ltd Company Information for the year ended 31 October 2018
Director
Michael McGuigan
Company Number
SC415950 (Scotland)
Registered Office
182 MORRISON STREET EDINBURGH EH3 8EB SCOTLAND
Accountants
Oak Team Associates Limited 272 Bath Street Glasgow G2 4JR
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Edinburgh Bars Ltd Accountants' report
Accountants' report to the director of Edinburgh Bars Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Edinburgh Bars Ltd for the year ended 31 October 2018 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Edinburgh Bars Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Edinburgh Bars Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edinburgh Bars Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Edinburgh Bars Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Edinburgh Bars Ltd. You consider that Edinburgh Bars Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Edinburgh Bars Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Oak Team Associates Limited 272 Bath Street Glasgow G2 4JR 31 May 2019
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Edinburgh Bars Ltd Statement of financial position as at 31 October 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
51,199 
68,265 
Investments
5
4,680 
- 
55,879 
68,265 
Current assets
Inventories
6
9,981 
9,981 
Debtors
7
55,848 
36,297 
Cash at bank and in hand
25,621 
13,737 
91,450 
60,015 
Creditors: amounts falling due within one year
8
(129,878)
(120,189)
Net current liabilities
(38,428)
(60,174)
Net assets
17,451 
8,091 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
17,351 
7,991 
Shareholders' funds
17,451 
8,091 
For the year ending 31 October 2018 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.
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.
Approved by the Board on 31 May 2019.
Michael McGuigan Director Company Registration No. SC415950
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Edinburgh Bars Ltd Notes to the Accounts for the year ended 31 October 2018
1
Statutory information
Edinburgh Bars Ltd is a private company, limited by shares, registered in Scotland, registration number SC415950. The registered office is 182 MORRISON STREET, EDINBURGH, EH3 8EB, SCOTLAND.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2017
85,331 
At 31 October 2018
85,331 
Depreciation
At 1 November 2017
17,066 
Charge for the year
17,066 
At 31 October 2018
34,132 
Net book value
At 31 October 2018
51,199 
At 31 October 2017
68,265 
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Edinburgh Bars Ltd Notes to the Accounts for the year ended 31 October 2018
5
Investments
Other investments 
£ 
Valuation at 1 November 2017
- 
Additions
4,680 
Valuation at 31 October 2018
4,680 
6
Inventories
2018 
2017 
£ 
£ 
Raw materials
9,981 
9,981 
9,981 
9,981 
7
Debtors
2018 
2017 
£ 
£ 
Amounts due from group undertakings etc.
52,248 
36,197 
Other debtors
3,600 
100 
55,848 
36,297 
8
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
47,991 
48,081 
Trade creditors
33,281 
37,036 
Taxes and social security
32,787 
21,391 
Other creditors
6,369 
4,231 
Loans from directors
9,450 
9,450 
129,878 
120,189 
9
Average number of employees
During the year the average number of employees was 8 (2017: 10).
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