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Company Registration No. 07283985 (England and Wales)
Costello's Bar Ltd Annual accounts for the year ended 30 June 2023
Costello's Bar Ltd Annual accounts Contents
Page
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Costello's Bar Ltd Company Information for the year ended 30 June 2023
Directors
A J Costello J A Costello
Company Number
07283985 (England and Wales)
Registered Office
Unit 3, 23 Walton Road Stockton Heath Warrington Cheshire WA4 6NJ United Kingdom
Accountants
CMT Accounting 133 Hillock Lane Woolston Warrington Cheshire WA1 4PJ
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Costello's Bar Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
208,471 
195,580 
Current assets
Inventories
11,167 
16,274 
Debtors
6,702 
2,916 
Cash at bank and in hand
51,544 
82,555 
69,413 
101,745 
Creditors: amounts falling due within one year
(51,725)
(20,516)
Net current assets
17,688 
81,229 
Total assets less current liabilities
226,159 
276,809 
Creditors: amounts falling due after more than one year
(186,667)
(211,667)
Net assets
39,492 
65,142 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
38,492 
64,142 
Shareholders' funds
39,492 
65,142 
For the year ending 30 June 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 29 March 2024 and were signed on its behalf by
A J Costello Director Company Registration No. 07283985
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Costello's Bar Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Costello's Bar Ltd is a private company, limited by shares, registered in England and Wales, registration number 07283985. The registered office is Unit 3, 23 Walton Road, Stockton Heath, Warrington, Cheshire, WA4 6NJ, United Kingdom.
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% reducing balance method
Fixtures & fittings
25% reducing balance method
Computer equipment
25% reducing balance method
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
43,843 
220,742 
22,329 
286,914 
Additions
2,353 
58,299 
4,358 
65,010 
At 30 June 2023
46,196 
279,041 
26,687 
351,924 
Depreciation
At 1 July 2022
12,322 
71,258 
7,754 
91,334 
Charge for the year
6,775 
41,557 
3,787 
52,119 
At 30 June 2023
19,097 
112,815 
11,541 
143,453 
Net book value
At 30 June 2023
27,099 
166,226 
15,146 
208,471 
At 30 June 2022
31,521 
149,484 
14,575 
195,580 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
6,702 
2,916 
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Costello's Bar Ltd Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,616 
8,335 
Trade creditors
40,834 
1,795 
Taxes and social security
2,950 
9,736 
Accruals
325 
650 
51,725 
20,516 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,667 
41,667 
Amounts owed to group undertakings and other participating interests
155,000 
170,000 
186,667 
211,667 
8
Average number of employees
During the year the average number of employees was 20 (2022: 16).
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