4 30/06/2023 2023-06-30 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-06-14 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 14170187 2022-06-14 2023-06-30 14170187 2023-06-30 14170187 bus:Director1 2022-06-14 2023-06-30 14170187 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 14170187 core:WithinOneYear 2023-06-30 14170187 core:ShareCapital 2023-06-30 14170187 core:RetainedEarningsAccumulatedLosses 2023-06-30 14170187 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-14 2023-06-30 14170187 bus:SmallEntities 2022-06-14 2023-06-30 14170187 bus:AuditExempt-NoAccountantsReport 2022-06-14 2023-06-30 14170187 bus:FullAccounts 2022-06-14 2023-06-30 14170187 bus:SmallCompaniesRegimeForAccounts 2022-06-14 2023-06-30 14170187 bus:PrivateLimitedCompanyLtd 2022-06-14 2023-06-30 14170187 1 2022-06-14 2023-06-30
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
30/06/23
Note £ £
Fixed assets
Tangible assets 5 637,656
_______
637,656
Current assets
Debtors 108,900
_______
108,900
Creditors: amounts falling due
within one year ( 749,187)
_______
Net current liabilities ( 640,287)
_______
Total assets less current liabilities ( 2,631)
_______
Net liabilities ( 2,631)
_______
Capital and reserves
Called up share capital 4,000
Profit and loss account ( 6,631)
_______
Shareholders deficit ( 2,631)
_______
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:
- 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;
- 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
Freehold property Total
£ £
Cost
At 14 June 2022 - -
Additions 637,656 637,656
_______ _______
At 30 June 2023 637,656 637,656
_______ _______
Depreciation
At 14 June 2022 and 30 June 2023 - -
_______ _______
Carrying amount
At 30 June 2023 637,656 637,656
_______ _______
6. Controlling party
The company is under the control of the four directors equally.