Company registration number:
14170187
BARS (COMMERCIAL) LTD
Trading as
The Full Moon
Unaudited filleted financial statements
30 June 2023
BARS (COMMERCIAL) LTD
Contents
Statement of financial position
Notes to the financial statements
BARS (COMMERCIAL) LTD
Statement of financial position
30 June 2023
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30/06/23 |
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Note |
£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
637,656 |
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_______ |
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637,656 |
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Current assets |
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Debtors |
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108,900 |
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_______ |
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108,900 |
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Creditors: amounts falling due |
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within one year |
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(
749,187) |
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_______ |
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Net current liabilities |
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(
640,287) |
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_______ |
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Total assets less current liabilities |
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(
2,631) |
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_______ |
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Net liabilities |
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(
2,631) |
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_______ |
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Capital and reserves |
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Called up share capital |
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4,000 |
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Profit and loss account |
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(
6,631) |
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_______ |
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Shareholders deficit |
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(
2,631) |
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_______ |
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For the period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
09 March 2024
, and are signed on behalf of the board by:
Mr Balbir Singh Kang
Director
Company registration number:
14170187
BARS (COMMERCIAL) LTD
Notes to the financial statements
Period ended 30 June 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Redwood Drive, Tividale, Oldbury, West Midlands, B69 2HY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
4
5.
Tangible assets
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Freehold property |
Total |
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£ |
£ |
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Cost |
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At 14 June 2022 |
- |
- |
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Additions |
637,656 |
637,656 |
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_______ |
_______ |
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At 30 June 2023 |
637,656 |
637,656 |
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_______ |
_______ |
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Depreciation |
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At 14 June 2022 and 30 June 2023 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 30 June 2023 |
637,656 |
637,656 |
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_______ |
_______ |
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6.
Controlling party
The company is under the control of the four directors equally.