Company Registration No. 11055671 (England and Wales)
The Foresters Arms Ltd
Unaudited accounts
for the year ended 30 November 2023
The Foresters Arms Ltd
Unaudited accounts
Contents
The Foresters Arms Ltd
Company Information
for the year ended 30 November 2023
Directors
D Gordon-Smith
J Holbeck
Company Number
11055671 (England and Wales)
Registered Office
The Street
Graffham
Petworth
West Sussex
GU28 0QA
Accountants
Babcock Tax & Accountancy Services Ltd
The Florins, 8 Lulworth Close
Hayling Island
Hampshire
PO11 0NY
The Foresters Arms Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
68,236
82,620
Cash at bank and in hand
5,280
1,670
Creditors: amounts falling due within one year
(127,975)
(96,390)
Net current liabilities
(113,193)
(81,457)
Total assets less current liabilities
(44,957)
1,163
Creditors: amounts falling due after more than one year
(111,816)
(141,506)
Net liabilities
(156,773)
(140,343)
Called up share capital
100
100
Profit and loss account
(156,873)
(140,443)
Shareholders' funds
(156,773)
(140,343)
For the year ending 30 November 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
D Gordon-Smith
Director
Company Registration No. 11055671
The Foresters Arms Ltd
Notes to the Accounts
for the year ended 30 November 2023
The Foresters Arms Ltd is a private company, limited by shares, registered in England and Wales, registration number 11055671. The registered office is The Street, Graffham, Petworth, West Sussex, GU28 0QA.
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.
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.
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:
Improvements to property - 10% on cost
Fixtures & fittings - 10% on reducing balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Foresters Arms Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
133,745
27,440
161,185
At 30 November 2023
133,745
28,164
161,909
At 1 December 2022
67,987
10,578
78,565
Charge for the year
13,375
1,733
15,108
At 30 November 2023
81,362
12,311
93,673
At 30 November 2023
52,383
15,853
68,236
At 30 November 2022
65,758
16,862
82,620
Amounts falling due within one year
Amounts due from group undertakings etc.
-
6,616
Accrued income and prepayments
5,527
3,197
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,269
12,564
Trade creditors
16,996
15,532
Taxes and social security
79,694
49,239
Other creditors
19,016
19,055
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
90,000
110,000
The Foresters Arms Ltd
Notes to the Accounts
for the year ended 30 November 2023
8
Average number of employees
During the year the average number of employees was 7 (2022: 4).