REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2021 |
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FOR |
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BUCK'S BAR LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2021 |
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FOR |
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BUCK'S BAR LIMITED |
BUCK'S BAR LIMITED (REGISTERED NUMBER: SC537717) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2021 |
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Abridged Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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BUCK'S BAR LIMITED (REGISTERED NUMBER: SC537717) |
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ABRIDGED BALANCE SHEET |
31 October 2021 |
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31.10.21 | 31.10.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
BUCK'S BAR LIMITED (REGISTERED NUMBER: SC537717) |
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ABRIDGED BALANCE SHEET - continued |
31 October 2021 |
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The financial statements were approved by the director and authorised for issue on
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BUCK'S BAR LIMITED (REGISTERED NUMBER: SC537717) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2021 |
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1. | STATUTORY INFORMATION |
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Buck'S Bar Limited is a
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Registered number: |
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Registered office: |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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BUCK'S BAR LIMITED (REGISTERED NUMBER: SC537717) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2021 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2020 |
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Additions |
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At 31 October 2021 |
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DEPRECIATION |
At 1 November 2020 |
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Charge for year |
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At 31 October 2021 |
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NET BOOK VALUE |
At 31 October 2021 |
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At 31 October 2020 |
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5. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.10.21 | 31.10.20 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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6. | PENSION COMMITMENTS |
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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 £12,500 (2020: £12,395). At the balance sheet date, unpaid contributions of £24,823 (2020: £6,813) were due to the fund. They are included in accruals. |
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7. | COVID-19 |
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As a result of the Covid-19 pandemic the company has been subject to a significant reduction in the expected level of trade during the year. In order to support the business during this period the company has received the following financial support from local and national governments: |
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The company has applied for and received £50,000 from the Governments Coronavirus Bounce Back Loan Scheme. |
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During the year some staff have been furloughed. With staff being placed on furlough the business was eligible for the Government's Coronavirus Job Retention Scheme (CJRS) which has reimbursed 80% of the salaries. |