Company Registration No. 10361110 (England and Wales)
Bars At Yours Limited
Unaudited accounts
for the period from 1 October 2018 to 31 March 2019
Bars At Yours Limited
Unaudited accounts
Contents
Bars At Yours Limited
Company Information
for the period from 1 October 2018 to 31 March 2019
Company Number
10361110 (England and Wales)
Registered Office
33 Vernon Road
Bredbury
Stockport
Cheshire
SK6 2NU
Accountants
Bee Motion Accounting Ltd
136 Hall Street
Offerton
Stockport
Cheshire
SK1 4HE
Bars At Yours Limited
Statement of financial position
as at
31 March 2019
Tangible assets
34,029
36,066
Cash at bank and in hand
50,036
38,423
Creditors: amounts falling due within one year
(55,253)
(69,206)
Net current assets/(liabilities)
16,472
(29,025)
Total assets less current liabilities
50,501
7,041
Provisions for liabilities
Deferred tax
(6,466)
(6,853)
Called up share capital
100
100
Profit and loss account
43,935
88
Shareholders' funds
44,035
188
For the period ending 31 March 2019 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 29 May 2019.
Kyle Divilly
Director
Company Registration No. 10361110
Bars At Yours Limited
Notes to the Accounts
for the period from 1 October 2018 to 31 March 2019
Bars At Yours Limited is a private company, limited by shares, registered in England and Wales, registration number 10361110. The registered office is 33 Vernon Road, Bredbury, Stockport, Cheshire, SK6 2NU.
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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 period, and also have been consistently applied within the same accounts.
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.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Straight line
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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.
Bars At Yours Limited
Notes to the Accounts
for the period from 1 October 2018 to 31 March 2019
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
The company has considerable financial resources together with contracts with a number of clients. As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook.
After making enquiries, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2018
931
31,004
19,070
4,025
55,030
Additions
-
-
2,028
508
2,536
At 31 March 2019
931
31,004
21,098
4,533
57,566
At 1 October 2018
223
11,162
6,194
1,385
18,964
Charge for the period
71
1,942
1,491
1,069
4,573
At 31 March 2019
294
13,104
7,685
2,454
23,537
At 31 March 2019
637
17,900
13,413
2,079
34,029
At 30 September 2018
708
19,842
12,876
2,640
36,066
Finished goods
2,500
1,500
Accrued income and prepayments
2,155
-
Bars At Yours Limited
Notes to the Accounts
for the period from 1 October 2018 to 31 March 2019
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Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
-
3,590
Trade creditors
2,498
10,291
Taxes and social security
39,199
15,279
Loans from directors
-
37,181
Deferred income
7,840
1,700
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Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the period the average number of employees was 1 (2018: 3).