Company Registration No. 12406290 (England and Wales)
THE TINY TAVERN LTD
Unaudited accounts
for the year ended 31 January 2024
THE TINY TAVERN LTD
Unaudited accounts
Contents
THE TINY TAVERN LTD
Company Information
for the year ended 31 January 2024
Company Number
12406290 (England and Wales)
Registered Office
112-113 HIGH STREET
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
THE TINY TAVERN LTD
Statement of financial position
as at 31 January 2024
Tangible assets
4,120
4,608
Cash at bank and in hand
8,251
4,213
Creditors: amounts falling due within one year
(8,466)
(5,261)
Net current liabilities
(215)
(1,048)
Total assets less current liabilities
3,905
3,560
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
3,229
2,791
Shareholders' funds
3,329
2,891
For the year ending 31 January 2024 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 her 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 2 April 2024 and were signed on its behalf by
Stephany Chapman
Director
Company Registration No. 12406290
THE TINY TAVERN LTD
Notes to the Accounts
for the year ended 31 January 2024
THE TINY TAVERN LTD is a private company, limited by shares, registered in England and Wales, registration number 12406290. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
5% Reducing balance
Fixtures & fittings
10% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
THE TINY TAVERN LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
5,006
3,221
8,227
At 31 January 2024
5,006
3,221
8,227
At 1 February 2023
2,749
870
3,619
Charge for the year
253
235
488
At 31 January 2024
3,002
1,105
4,107
At 31 January 2024
2,004
2,116
4,120
At 31 January 2023
2,257
2,351
4,608
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,583
2,289
Loans from directors
87
92
6
Deferred taxation
2024
2023
Accelerated capital allowances
576
669
Provision at start of year
669
669
Credited to other comprehensive income
(93)
-
Provision at end of year
576
669
Due to accelerated capital allowances a reserve has been created of some £576 net.
This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).