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REGISTERED NUMBER: 02697874 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Inpart Limited
Trading as
The Wharf Tavern

Inpart Limited (Registered number: 02697874)
Trading as The Wharf Tavern






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Inpart Limited (Registered number: 02697874)
Trading as The Wharf Tavern

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 447,713 473,075

CURRENT ASSETS
Stocks 14,220 15,027
Debtors 5 55,851 53,997
Cash at bank and in hand 774,276 634,483
844,347 703,507
CREDITORS
Amounts falling due within one year 6 186,885 158,820
NET CURRENT ASSETS 657,462 544,687
TOTAL ASSETS LESS CURRENT LIABILITIES 1,105,175 1,017,762

CREDITORS
Amounts falling due after more than one year 7 (20,000 ) (30,000 )

PROVISIONS FOR LIABILITIES (15,655 ) (14,956 )

ACCRUALS AND DEFERRED INCOME (15,298 ) (15,723 )
NET ASSETS 1,054,222 957,083

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,054,122 956,983
SHAREHOLDERS' FUNDS 1,054,222 957,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Inpart Limited (Registered number: 02697874)
Trading as The Wharf Tavern

Balance Sheet - continued
30 June 2023


The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2024 and were signed by:





Mr P J Brumpton - Director


Inpart Limited (Registered number: 02697874)
Trading as The Wharf Tavern

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Inpart Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02697874

Registered office: Ebenezer House
Ryecroft
Newcastle under lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Plant and machinery - 20% on reducing balance
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Inpart Limited (Registered number: 02697874)
Trading as The Wharf Tavern

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold Plant and fittings Motor
property machinery & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 563,796 40,250 189,693 12,500 806,239
Additions - - 1,415 - 1,415
At 30 June 2023 563,796 40,250 191,108 12,500 807,654
DEPRECIATION
At 1 July 2022 169,432 14,933 143,330 5,469 333,164
Charge for year 10,400 5,064 9,556 1,757 26,777
At 30 June 2023 179,832 19,997 152,886 7,226 359,941
NET BOOK VALUE
At 30 June 2023 383,964 20,253 38,222 5,274 447,713
At 30 June 2022 394,364 25,317 46,363 7,031 473,075

Included in cost of land and buildings is freehold land of £ 43,801 (2022 - £ 43,801 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 55,851 53,997

Inpart Limited (Registered number: 02697874)
Trading as The Wharf Tavern

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 35,713 28,763
Taxation and social security 88,559 110,128
Other creditors 52,613 9,929
186,885 158,820

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,000 30,000