Company Registration No. 08874314 (England and Wales)
MAPP KITCHENS & ALE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
MAPP KITCHENS & ALE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
MAPP KITCHENS & ALE LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
4,279
-
0
Tangible assets
5
785,498
778,654
789,777
778,654
Current assets
Stocks
28,545
29,060
Debtors
6
19,881
37,966
Cash at bank and in hand
143,613
235,298
192,039
302,324
Creditors: amounts falling due within one year
7
(116,854)
(124,829)
Net current assets
75,185
177,495
Total assets less current liabilities
864,962
956,149
Creditors: amounts falling due after more than one year
8
(331,868)
(341,683)
Net assets
533,094
614,466
Capital and reserves
Called up share capital
9
827,856
827,856
Profit and loss reserves
(294,762)
(213,390)
Total equity
533,094
614,466

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MAPP KITCHENS & ALE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 26 March 2024 and are signed on its behalf by:
Mr C J Mapp
Mr D Mapp
Director
Director
Company registration number 08874314 (England and Wales)
MAPP KITCHENS & ALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

Mapp Kitchens & Ale Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sudbrook Hall Nesfield, Barlow, Dronfield, Derbyshire, S18 7TB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The accounts have been prepared on the going concern basis the validity of which is dependent on the continuing support of the creditors.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on sale of goods within the bar and restaurant and on completion of a holiday accommodation stay.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
5 years straight line from date of completion
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

MAPP KITCHENS & ALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line/no depreciation-land
Freehold improvements
2% straight line
Fixtures and fittings
25% reducing balance
Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

 

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

 

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

MAPP KITCHENS & ALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 5 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
46
40
MAPP KITCHENS & ALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 6 -
4
Intangible fixed assets
Website
£
Cost
At 1 August 2022
-
0
Additions
4,279
At 31 July 2023
4,279
Amortisation and impairment
At 1 August 2022 and 31 July 2023
-
0
Carrying amount
At 31 July 2023
4,279
At 31 July 2022
-
0
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2022
1,030,670
339,827
1,370,497
Additions
-
0
39,409
39,409
Disposals
-
0
(979)
(979)
At 31 July 2023
1,030,670
378,257
1,408,927
Depreciation and impairment
At 1 August 2022
309,162
282,681
591,843
Depreciation charged in the year
10,863
21,629
32,492
Eliminated in respect of disposals
-
0
(906)
(906)
At 31 July 2023
320,025
303,404
623,429
Carrying amount
At 31 July 2023
710,645
74,853
785,498
At 31 July 2022
721,508
57,146
778,654
MAPP KITCHENS & ALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 7 -
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5,463
26,792
Other debtors
-
0
400
Prepayments and accrued income
14,418
10,774
19,881
37,966
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,015
9,768
Trade creditors
40,454
45,018
Taxation and social security
28,174
35,202
Other creditors
19,640
18,040
Accruals and deferred income
18,571
16,801
116,854
124,829
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
19,908
29,923
Other borrowings
311,960
311,760
331,868
341,683
9
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
224,354
224,354
224,354
224,354
Preference shares of £1 each
603,502
603,502
603,502
603,502
827,856
827,856
827,856
827,856
MAPP KITCHENS & ALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 8 -
10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
6,539
10,462
2023-07-312022-08-01false26 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr C J MAPPMr D MAPPfalse088743142022-08-012023-07-31088743142023-07-31088743142022-07-3108874314core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-07-3108874314core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-07-3108874314core:LandBuildings2023-07-3108874314core:OtherPropertyPlantEquipment2023-07-3108874314core:LandBuildings2022-07-3108874314core:OtherPropertyPlantEquipment2022-07-3108874314core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3108874314core:CurrentFinancialInstrumentscore:WithinOneYear2022-07-3108874314core:Non-currentFinancialInstrumentscore:AfterOneYear2023-07-3108874314core:Non-currentFinancialInstrumentscore:AfterOneYear2022-07-3108874314core:CurrentFinancialInstruments2023-07-3108874314core:CurrentFinancialInstruments2022-07-3108874314core:Non-currentFinancialInstruments2023-07-3108874314core:Non-currentFinancialInstruments2022-07-3108874314core:ShareCapital2023-07-3108874314core:ShareCapital2022-07-3108874314core:RetainedEarningsAccumulatedLosses2023-07-3108874314core:RetainedEarningsAccumulatedLosses2022-07-3108874314core:ShareCapitalOrdinaryShares2023-07-3108874314core:ShareCapitalOrdinaryShares2022-07-3108874314bus:Director12022-08-012023-07-3108874314bus:Director22022-08-012023-07-3108874314core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3108874314core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-08-012023-07-3108874314core:LandBuildingscore:OwnedOrFreeholdAssets2022-08-012023-07-3108874314core:LeaseholdImprovements2022-08-012023-07-3108874314core:FurnitureFittings2022-08-012023-07-3108874314core:ComputerEquipment2022-08-012023-07-31088743142021-08-012022-07-3108874314core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-07-3108874314core:LandBuildings2022-07-3108874314core:OtherPropertyPlantEquipment2022-07-31088743142022-07-3108874314core:LandBuildings2022-08-012023-07-3108874314core:OtherPropertyPlantEquipment2022-08-012023-07-3108874314bus:PrivateLimitedCompanyLtd2022-08-012023-07-3108874314bus:SmallCompaniesRegimeForAccounts2022-08-012023-07-3108874314bus:FRS1022022-08-012023-07-3108874314bus:AuditExemptWithAccountantsReport2022-08-012023-07-3108874314bus:FullAccounts2022-08-012023-07-31xbrli:purexbrli:sharesiso4217:GBP