Company Registration No. 11837626 (England and Wales)
Fizzbar Birmingham Ltd
Unaudited accounts
for the year ended 28 February 2023
Fizzbar Birmingham Ltd
Unaudited accounts
Contents
Fizzbar Birmingham Ltd
Company Information
for the year ended 28 February 2023
Directors
George Workman
Daniel Spinath
Company Number
11837626 (England and Wales)
Registered Office
30 Rugby Road
Twickenham
London
TW1 1DG
England
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Fizzbar Birmingham Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
1,694
2,308
Cash at bank and in hand
19,384
49,017
Creditors: amounts falling due within one year
(322,247)
(119,928)
Net current (liabilities)/assets
(2,535)
10,167
Total assets less current liabilities
(841)
12,475
Creditors: amounts falling due after more than one year
(28,891)
(38,891)
Net liabilities
(29,732)
(26,416)
Called up share capital
100
100
Profit and loss account
(29,832)
(26,516)
Shareholders' funds
(29,732)
(26,416)
For the year ending 28 February 2023 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
George Workman
Director
Company Registration No. 11837626
Fizzbar Birmingham Ltd
Notes to the Accounts
for the year ended 28 February 2023
Fizzbar Birmingham Ltd is a private company, limited by shares, registered in England and Wales, registration number 11837626. The registered office is 30 Rugby Road, Twickenham, London, TW1 1DG, England.
2
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 year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% Straight line
Fixtures & fittings
25% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is charged on a 25% straight line basis.
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rent - Prior Period Adjustments
Rent for the year ending 28 February 2022 has been restated by £11,142 to account for the under accrued rental and service charge costs. The adjustments made is as follows;
Increase in Rent by £11,142
Increase in accruals by £11,142
Fizzbar Birmingham Ltd
Notes to the Accounts
for the year ended 28 February 2023
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
42,230
96,144
138,374
At 28 February 2023
42,230
96,144
138,374
At 1 March 2022
40,378
95,688
136,066
Charge for the year
488
126
614
At 28 February 2023
40,866
95,814
136,680
At 28 February 2023
1,364
330
1,694
At 28 February 2022
1,852
456
2,308
Amounts falling due within one year
Amounts due from group undertakings etc.
77,969
57,969
Accrued income and prepayments
7,352
203
Other debtors
189,254
16,125
Fizzbar Birmingham Ltd
Notes to the Accounts
for the year ended 28 February 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,110
11,109
Trade creditors
194,779
12,243
Taxes and social security
9,227
21,536
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The immediate controlling party is Tap Inc Limited. The ultimate controlling parties are Mr G Workman and Mr D Spinath.
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Average number of employees
During the year the average number of employees was 10 (2022: 3).