CECEBLU SPIRIT LTD 14179531 false 2022-06-17 2023-06-30 2023-06-30 The principal activity of the company is that of running a public house Digita Accounts Production Advanced 6.30.9574.0 true 14179531 2022-06-17 2023-06-30 14179531 2023-06-30 14179531 bus:OrdinaryShareClass1 2023-06-30 14179531 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-06-30 14179531 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-06-30 14179531 core:CurrentFinancialInstruments 2023-06-30 14179531 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 14179531 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 14179531 core:FurnitureFittingsToolsEquipment 2023-06-30 14179531 bus:SmallEntities 2022-06-17 2023-06-30 14179531 bus:AuditExemptWithAccountantsReport 2022-06-17 2023-06-30 14179531 bus:FullAccounts 2022-06-17 2023-06-30 14179531 bus:SmallCompaniesRegimeForAccounts 2022-06-17 2023-06-30 14179531 bus:RegisteredOffice 2022-06-17 2023-06-30 14179531 bus:Director1 2022-06-17 2023-06-30 14179531 bus:Director2 2022-06-17 2023-06-30 14179531 bus:OrdinaryShareClass1 2022-06-17 2023-06-30 14179531 bus:PrivateLimitedCompanyLtd 2022-06-17 2023-06-30 14179531 core:FurnitureFittingsToolsEquipment 2022-06-17 2023-06-30 14179531 countries:EnglandWales 2022-06-17 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14179531

CECEBLU SPIRIT LTD

trading as The Ship

Annual Report and Unaudited Financial Statements

for the Period from 17 June 2022 to 30 June 2023

 

CECEBLU SPIRIT LTD

trading as The Ship

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

CECEBLU SPIRIT LTD

trading as The Ship

Company Information

Directors

L Powley

M Powley

Registered office

4-6 The Stable Block Courtyard
Leigh Court Business Centre
Bristol
BS8 3RA

Accountants

Herbert Lewis Williams & Associates Limited
Chartered Certified Accountants
Leigh Court Business Centre
Abbots Leigh
Bristol
BS8 3RA

 

CECEBLU SPIRIT LTD

trading as The Ship

(Registration number: 14179531)
Balance Sheet as at 30 June 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

19,859

Current assets

 

Stocks

5

3,462

Debtors

6

7,572

Cash at bank and in hand

 

2,142

 

13,176

Creditors: Amounts falling due within one year

7

(23,090)

Net current liabilities

 

(9,914)

Total assets less current liabilities

 

9,945

Creditors: Amounts falling due after more than one year

7

(12,004)

Net liabilities

 

(2,059)

Capital and reserves

 

Called up share capital

8

100

Retained earnings

(2,159)

Shareholders' deficit

 

(2,059)

For the financial 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 March 2024 and signed on its behalf by:
 

 

CECEBLU SPIRIT LTD

trading as The Ship

(Registration number: 14179531)
Balance Sheet as at 30 June 2023

.........................................
L Powley
Director

 

CECEBLU SPIRIT LTD

trading as The Ship

Notes to the Unaudited Financial Statements for the Period from 17 June 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4-6 The Stable Block Courtyard
Leigh Court Business Centre
Bristol
BS8 3RA

These financial statements were authorised for issue by the Board on 14 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

CECEBLU SPIRIT LTD

trading as The Ship

Notes to the Unaudited Financial Statements for the Period from 17 June 2022 to 30 June 2023

Asset class

Depreciation method and rate

Fixtures & Fittings

15% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

CECEBLU SPIRIT LTD

trading as The Ship

Notes to the Unaudited Financial Statements for the Period from 17 June 2022 to 30 June 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

CECEBLU SPIRIT LTD

trading as The Ship

Notes to the Unaudited Financial Statements for the Period from 17 June 2022 to 30 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

21,806

21,806

At 30 June 2023

21,806

21,806

Depreciation

Charge for the period

1,947

1,947

At 30 June 2023

1,947

1,947

Carrying amount

At 30 June 2023

19,859

19,859

5

Stocks

2023
£

Other inventories

3,462

6

Debtors

Current

2023
£

Prepayments

666

Other debtors

6,906

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

9

1,946

Trade creditors

 

15,607

Taxation and social security

 

1,264

Accruals and deferred income

 

4,273

 

23,090

 

CECEBLU SPIRIT LTD

trading as The Ship

Notes to the Unaudited Financial Statements for the Period from 17 June 2022 to 30 June 2023

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

9

12,004

8

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

100

100

     

9

Loans and borrowings

2023
£

Non-current loans and borrowings

Hire purchase contracts

12,004

2023
£

Current loans and borrowings

Hire purchase contracts

1,946