Registered number
08246379
Bar Severn 7 Limited
Filleted Accounts
31 January 2024
Bar Severn 7 Limited
Registered number: 08246379
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,060 4,590
Creditors: amounts falling due within one year 4 - (1,368)
Net current liabilities - (1,368)
Net assets 3,060 3,222
Capital and reserves
Profit and loss account 3,060 3,222
Shareholder's funds 3,060 3,222
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Hassall
Director
Approved by the board on 29 February 2024
Bar Severn 7 Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixtures and equipment
£
Cost
At 1 February 2023 7,419
At 31 January 2024 7,419
Depreciation
At 1 February 2023 2,829
Charge for the year 1,530
At 31 January 2024 4,359
Net book value
At 31 January 2024 3,060
At 31 January 2023 4,590
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 368
Other creditors - 1,000
- 1,368
5 Other information
Bar Severn 7 Limited is a private company limited by shares and incorporated in England. Its registered office is:
57 Old Street
Upton Upon Severn
Worcs
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