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Company Registration No. 12730511 (England and Wales)
Sky Blue Tavern Ltd Unaudited accounts for the year ended 31 July 2023
Sky Blue Tavern Ltd Unaudited accounts Contents
Page
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Sky Blue Tavern Ltd Company Information for the year ended 31 July 2023
Director
Dalvinder Singh Dhillon
Company Number
12730511 (England and Wales)
Registered Office
310D, EW Sterling House Langston Road Loughton IG10 3TS ENGLAND
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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Sky Blue Tavern Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
279,144 
343,656 
Current assets
Inventories
44,011 
10,200 
Debtors
83,256 
9,824 
Cash at bank and in hand
14,661 
6,128 
141,928 
26,152 
Creditors: amounts falling due within one year
(87,737)
(134,701)
Net current assets/(liabilities)
54,191 
(108,549)
Total assets less current liabilities
333,335 
235,107 
Creditors: amounts falling due after more than one year
(367,780)
(341,650)
Net liabilities
(34,445)
(106,543)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(34,446)
(106,544)
Shareholders' funds
(34,445)
(106,543)
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 10 February 2024 and were signed on its behalf by
Dalvinder Singh Dhillon Director Company Registration No. 12730511
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Sky Blue Tavern Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Sky Blue Tavern Ltd is a private company, limited by shares, registered in England and Wales, registration number 12730511. The registered office is 310D, EW Sterling House, Langston Road, Loughton, IG10 3TS, 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
20% on cost.
Motor vehicles
20% on cost.
Fixtures & fittings
15% on cost.
Inventories
Inventories have 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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
107,010 
24,550 
254,668 
386,228 
At 31 July 2023
107,010 
24,550 
254,668 
386,228 
Depreciation
At 1 August 2022
15,484 
4,910 
22,178 
42,572 
Charge for the year
21,402 
4,910 
38,200 
64,512 
At 31 July 2023
36,886 
9,820 
60,378 
107,084 
Net book value
At 31 July 2023
70,124 
14,730 
194,290 
279,144 
At 31 July 2022
91,526 
19,640 
232,490 
343,656 
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Sky Blue Tavern Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,506 
9,824 
Other debtors
68,750 
- 
83,256 
9,824 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
17,521 
1,759 
Trade creditors
31,120 
37,351 
Taxes and social security
16,888 
19,205 
Other creditors
20,279 
48,158 
Loans from directors
821 
26,961 
Accruals
1,108 
1,267 
87,737 
134,701 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
13,000 
Other creditors
367,780 
328,650 
367,780 
341,650 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
The Director controls the company as a result of controlling directly 100% of the issued share capital.
10
Average number of employees
During the year the average number of employees was 21 (2022: 21).
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