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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
Page
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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
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Fizzbar Birmingham Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,694 
2,308 
Current assets
Inventories
3,178 
4,628 
Debtors
297,150 
76,450 
Cash at bank and in hand
19,384 
49,017 
319,712 
130,095 
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)
Capital and reserves
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
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Fizzbar Birmingham Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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
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.
Pension costs
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
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Fizzbar Birmingham Ltd Notes to the Accounts for the year ended 28 February 2023
Going concern
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 
£ 
Cost
At 1 March 2022
5,304 
At 28 February 2023
5,304 
Amortisation
At 1 March 2022
5,304 
At 28 February 2023
5,304 
Net book value
At 28 February 2023
- 
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 
Depreciation
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 
Net book value
At 28 February 2023
1,364 
330 
1,694 
At 28 February 2022
1,852 
456 
2,308 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
20,422 
- 
Trade debtors
2,153 
2,153 
Amounts due from group undertakings etc.
77,969 
57,969 
Accrued income and prepayments
7,352 
203 
Other debtors
189,254 
16,125 
297,150 
76,450 
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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 
VAT
- 
16,707 
Trade creditors
194,779 
12,243 
Taxes and social security
9,227 
21,536 
Other creditors
2,000 
717 
Accruals
105,131 
57,616 
322,247 
119,928 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,891 
38,891 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Controlling party
The immediate controlling party is Tap Inc Limited. The ultimate controlling parties are Mr G Workman and Mr D Spinath.
11
Average number of employees
During the year the average number of employees was 10 (2022: 3).
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