Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31sports bar, cocktail/wine bar & live music venure2022-02-01false1724truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06250896 2022-02-01 2023-01-31 06250896 2021-02-01 2022-01-31 06250896 2023-01-31 06250896 2022-01-31 06250896 c:Director2 2022-02-01 2023-01-31 06250896 d:Buildings 2022-02-01 2023-01-31 06250896 d:Buildings d:LongLeaseholdAssets 2022-02-01 2023-01-31 06250896 d:Buildings d:LongLeaseholdAssets 2023-01-31 06250896 d:Buildings d:LongLeaseholdAssets 2022-01-31 06250896 d:MotorVehicles 2022-02-01 2023-01-31 06250896 d:MotorVehicles 2023-01-31 06250896 d:MotorVehicles 2022-01-31 06250896 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06250896 d:FurnitureFittings 2022-02-01 2023-01-31 06250896 d:FurnitureFittings 2023-01-31 06250896 d:FurnitureFittings 2022-01-31 06250896 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06250896 d:ComputerEquipment 2022-02-01 2023-01-31 06250896 d:ComputerEquipment 2023-01-31 06250896 d:ComputerEquipment 2022-01-31 06250896 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06250896 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06250896 d:CurrentFinancialInstruments 2023-01-31 06250896 d:CurrentFinancialInstruments 2022-01-31 06250896 d:Non-currentFinancialInstruments 2023-01-31 06250896 d:Non-currentFinancialInstruments 2022-01-31 06250896 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06250896 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 06250896 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 06250896 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 06250896 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 06250896 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-01-31 06250896 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 06250896 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-01-31 06250896 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 06250896 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-01-31 06250896 d:ShareCapital 2023-01-31 06250896 d:ShareCapital 2022-01-31 06250896 d:RetainedEarningsAccumulatedLosses 2023-01-31 06250896 d:RetainedEarningsAccumulatedLosses 2022-01-31 06250896 c:FRS102 2022-02-01 2023-01-31 06250896 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 06250896 c:FullAccounts 2022-02-01 2023-01-31 06250896 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 06250896 2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 06250896










WHITEZ SNOOKER LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
WHITEZ SNOOKER LIMITED
REGISTERED NUMBER: 06250896

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
469,572
412,417

Investments
  
16,500
-

  
486,072
412,417

Current assets
  

Stocks
  
24,903
18,366

Debtors: amounts falling due within one year
 7 
105,810
111,943

Cash at bank and in hand
 8 
89,309
116,444

  
220,022
246,753

Creditors: amounts falling due within one year
 9 
(345,807)
(322,759)

Net current liabilities
  
 
 
(125,785)
 
 
(76,006)

Total assets less current liabilities
  
360,287
336,411

Creditors: amounts falling due after more than one year
 10 
(210,711)
(263,220)

Provisions for liabilities
  

Deferred tax
  
(83,155)
(63,955)

  
 
 
(83,155)
 
 
(63,955)

Net assets
  
66,421
9,236


Capital and reserves
  

Called up share capital 
  
15
15

Profit and loss account
  
66,406
9,221

  
66,421
9,236


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Page 1

 
WHITEZ SNOOKER LIMITED
REGISTERED NUMBER: 06250896
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023


The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Susan Briggs
Director

Date: 27 October 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
WHITEZ SNOOKER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Whitez Snooker Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address is 47 Uplands Crescent, Uplands, Swansea, SA2 0NP.
The principal activity of the company in the year under review was that of a sports bar, cocktail/wine bar & live music venue.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future and to meet its financial obligations as they fall due. Accordingly, the directors continues to adopt the going concern basis in preparing the annual report and accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 3

 
WHITEZ SNOOKER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
WHITEZ SNOOKER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Motor vehicles
-
20%
Fixtures and fittings
-
10%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
WHITEZ SNOOKER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.16

Financial instruments

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discontinued at a market rate of interest.
Basic financial liabilities, including trade and other creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discontinued at a market rate of interest.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
WHITEZ SNOOKER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the director has made in the process of applying the compay's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
IImpairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.


4.


Employees

The average monthly number of employees, including directors, during the year was 24 (2022 - 17).

Page 7

 
WHITEZ SNOOKER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2022
404,563
-
256,528
18,284
679,375


Additions
8,941
47,583
23,656
6,317
86,497



At 31 January 2023

413,504
47,583
280,184
24,601
765,872



Depreciation


At 1 February 2022
50,214
-
203,348
13,396
266,958


Charge for the year on owned assets
8,091
7,681
10,492
3,078
29,342



At 31 January 2023

58,305
7,681
213,840
16,474
296,300



Net book value



At 31 January 2023
355,199
39,902
66,344
8,127
469,572



At 31 January 2022
354,349
-
53,180
4,888
412,417


6.


Fixed asset investments





Trade investments

£





Additions
16,500





7.


Debtors

2023
2022
£
£


Other debtors
105,810
111,943

105,810
111,943


Page 8

 
WHITEZ SNOOKER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
89,309
116,444

89,309
116,444



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
53,963
60,184

Other loans
21,650
-

Trade creditors
25,821
29,416

Corporation tax
31,165
36,033

Other taxation and social security
38,240
32,282

Other creditors
16,825
16,823

Accruals and deferred income
158,143
148,021

345,807
322,759



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
210,711
263,220

210,711
263,220


Page 9

 
WHITEZ SNOOKER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
53,963
60,184

Other loans
21,650
-


75,613
60,184

Amounts falling due 1-2 years

Bank loans
54,422
53,963


54,422
53,963

Amounts falling due 2-5 years

Bank loans
93,778
122,113


93,778
122,113

Amounts falling due after more than 5 years

Bank loans
62,511
87,144

62,511
87,144

286,324
323,404



12.


Related party transactions

Included in other debtors is an amount of £105,810 (2022 - £111,943) owed by the company directors. These amounts have been repaid full following the year end.
During the year the company paid £30,000 (2022 - £30,000) to the directors in respect of rent for the company's premises. The directors also recevied dividends of £102,500 (2022 - £92,400) for Ordinary A shares.

 
Page 10