Registered number
00594851
Barretts Liquormart Limited
Filleted Accounts
31 May 2023
Barretts Liquormart Limited
Registered number: 00594851
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 128,107 128,107
Creditors: amounts falling due within one year 4 (6,308) (5,395)
Net current assets 121,799 122,712
Net assets 121,799 122,712
Capital and reserves
Called up share capital 36,534 36,534
Other reserves 41,464 41,464
Profit and loss account 43,801 44,714
Shareholders' funds 121,799 122,712
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A M Barrett
Director
Approved by the board on 18 October 2023
Barretts Liquormart Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Advance Corporation Tax 6,543 6,543
Other debtors 121,564 121,564
128,107 128,107
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - -
Other creditors 6,308 5,395
6,308 5,395
5 Related party transactions
H C Barrett, former Director and shareholder, died on 25 November 2020. His overdrawn Directors Loan Account at the date of death was written off in the year ended 31 May 2021 when his Estate confirmed that there were no assets held to repay the debt.
Carvossos at 210 Ltd was owned by H C Barrett who was also it's sole Director. The company went into Administration on 8 January 2018 and a liquidator was appointed on 22 January 2021. The company owed Barretts Liquormart Limited £125,383, an amount disputed by the company. The liquidators report stated that the company had no assets (other than this disputed debt) and so Barretts Liquormart Limited have fully provided for this debt in 2021 as it's unlikely to be recovered.
6 Other information
Barretts Liquormart Limited is a private company limited by shares and incorporated in England. Its registered office is:
43 Molesey Park Road
West Molesey
KT8 2LB
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