1 May 2022 v2023.24.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP089732012022-05-012023-04-30089732012023-04-30089732012022-04-3008973201core:WithinOneYear2023-04-3008973201core:WithinOneYear2022-04-3008973201core:AfterOneYear2023-04-3008973201core:AfterOneYear2022-04-3008973201core:ShareCapital2023-04-3008973201core:ShareCapital2022-04-3008973201core:RetainedEarningsAccumulatedLosses2023-04-3008973201core:RetainedEarningsAccumulatedLosses2022-04-3008973201bus:Director12022-05-012023-04-3008973201core:LandBuildings2022-05-012023-04-3008973201core:FurnitureFittings2022-05-012023-04-30089732012021-05-012022-04-3008973201core:LandBuildings2022-05-0108973201core:PlantMachinery2022-05-01089732012022-05-0108973201core:PlantMachinery2022-05-012023-04-3008973201core:LandBuildings2023-04-3008973201core:PlantMachinery2023-04-3008973201core:LandBuildings2022-04-3008973201core:PlantMachinery2022-04-300897320112022-05-012023-04-3008973201countries:EnglandWales2022-05-012023-04-3008973201bus:AuditExempt-NoAccountantsReport2022-05-012023-04-3008973201bus:PrivateLimitedCompanyLtd2022-05-012023-04-3008973201bus:SmallEntities2022-05-012023-04-3008973201bus:FullAccounts2022-05-012023-04-30
Company registration number:
08973201
Ma Boyles Eatery & Alehouse Ltd
Unaudited Filleted Financial Statements for the year ended
30 April 2023
Ma Boyles Eatery & Alehouse Ltd
Statement of Financial Position
30 April 2023
20232022
Note££
Fixed assets    
Tangible assets 5
327,060
 
331,253
 
Current assets    
Stocks
11,728
 
10,000
 
Debtors 6
59,521
 
8,146
 
Cash at bank and in hand
46,216
 
86,534
 
117,465
 
104,680
 
Creditors: amounts falling due within one year 7
(229,738
)
(240,525
)
Net current liabilities
(112,273
)
(135,845
)
Total assets less current liabilities 214,787   195,408  
Creditors: amounts falling due after more than one year 8
(328,165
)
(249,286
)
Net liabilities
(113,378
)
(53,878
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(113,478
)
(53,978
)
Shareholders deficit
(113,378
)
(53,878
)
For the year ending
30 April 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
23 October 2023
, and are signed on behalf of the board by:
Mr I Hoskins
Director
Company registration number:
08973201
Ma Boyles Eatery & Alehouse Ltd
Notes to the Financial Statements
Year ended
30 April 2023

1 General information

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 50 years
Fixtures and fittings
20% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
20
(2022:
21.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 May 2022
300,000
 
108,024
 
408,024
 
Additions -  
13,072
 
13,072
 
At
30 April 2023
300,000
 
121,096
 
421,096
 
Depreciation      
At
1 May 2022
12,000
 
64,771
 
76,771
 
Charge
6,000
 
11,265
 
17,265
 
At
30 April 2023
18,000
 
76,036
 
94,036
 
Carrying amount      
At
30 April 2023
282,000
 
45,060
 
327,060
 
At 30 April 2022
288,000
 
43,253
 
331,253
 

6 Debtors

20232022
££
Other debtors
59,521
 
8,146
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
54,667
 
53,000
 
Trade creditors
38,900
 
36,249
 
Taxation and social security
97,859
 
27,353
 
Other creditors
38,312
 
123,923
 
229,738
 
240,525
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
328,165
 
249,286
 
A long term bank loan is secured by a fixed charge over the company's property.