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Company Registration No. NI627139 (Northern Ireland)
McAtee's Bar and Lounge Ltd Unaudited accounts for the year ended 31 October 2023
McAtee's Bar and Lounge Ltd Unaudited accounts Contents
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McAtee's Bar and Lounge Ltd Company Information for the year ended 31 October 2023
Directors
Mr F McAtee Mr V Mcatee
Company Number
NI627139 (Northern Ireland)
Registered Office
1 Church Street Fintona Tyrone BT78 2BR Northern Ireland
Accountants
A D Pottie & Co Ltd 1 Church Street Fintona Tyrone BT78 2BR
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McAtee's Bar and Lounge Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
64,482 
75,260 
Current assets
Inventories
7,500 
7,500 
Debtors
(18,010)
(3,613)
Cash at bank and in hand
2,877 
39,699 
(7,633)
43,586 
Creditors: amounts falling due within one year
(35,032)
(40,297)
Net current (liabilities)/assets
(42,665)
3,289 
Total assets less current liabilities
21,817 
78,549 
Creditors: amounts falling due after more than one year
(27,521)
(36,490)
Net (liabilities)/assets
(5,704)
42,059 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(5,706)
42,057 
Shareholders' funds
(5,704)
42,059 
For the year ending 31 October 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 14 June 2024 and were signed on its behalf by
Mr V Mcatee Director Company Registration No. NI627139
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McAtee's Bar and Lounge Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
McAtee's Bar and Lounge Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI627139. The registered office is 1 Church Street, Fintona, Tyrone, BT78 2BR, Northern Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
198,697 
12,250 
210,947 
Additions
602 
- 
602 
At 31 October 2023
199,299 
12,250 
211,549 
Depreciation
At 1 November 2022
132,287 
3,400 
135,687 
Charge for the year
10,052 
1,328 
11,380 
At 31 October 2023
142,339 
4,728 
147,067 
Net book value
At 31 October 2023
56,960 
7,522 
64,482 
At 31 October 2022
66,410 
8,850 
75,260 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
(18,010)
(9,755)
Other debtors
- 
6,142 
(18,010)
(3,613)
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McAtee's Bar and Lounge Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
31,909 
37,845 
Amounts owed to group undertakings and other participating interests
1,426 
- 
Taxes and social security
307 
1,156 
Other creditors
186 
245 
Accruals
1,204 
1,051 
35,032 
40,297 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,521 
36,490 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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