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REGISTERED NUMBER: 11093365 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BAR MANAGEMENT SOLUTIONS LTD.

BAR MANAGEMENT SOLUTIONS LTD. (REGISTERED NUMBER: 11093365)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAR MANAGEMENT SOLUTIONS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R Watts
Mrs B J Watts



REGISTERED OFFICE: Apartment 2
Killeen
Roundham Crescent
Paignton
Devon
TQ4 6DF



REGISTERED NUMBER: 11093365 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds
16 Market Place
Oldham
Lancashire
OL1 1JG

BAR MANAGEMENT SOLUTIONS LTD. (REGISTERED NUMBER: 11093365)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,000 16

CURRENT ASSETS
Stocks 5 845 845
Debtors 6 67,939 52,378
Cash at bank 22,164 731
90,948 53,954
CREDITORS
Amounts falling due within one year 7 36,074 22,591
NET CURRENT ASSETS 54,874 31,363
TOTAL ASSETS LESS CURRENT LIABILITIES 55,874 31,379

CREDITORS
Amounts falling due after more than one
year

8

8,401

-
NET ASSETS 47,473 31,379

CAPITAL AND RESERVES
Called up share capital 23 23
Retained earnings 47,450 31,356
SHAREHOLDERS' FUNDS 47,473 31,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BAR MANAGEMENT SOLUTIONS LTD. (REGISTERED NUMBER: 11093365)

BALANCE SHEET - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:




Mr R Watts - Director



Mrs B J Watts - Director


BAR MANAGEMENT SOLUTIONS LTD. (REGISTERED NUMBER: 11093365)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Bar Management Solutions Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BAR MANAGEMENT SOLUTIONS LTD. (REGISTERED NUMBER: 11093365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 3,543
Additions 1,332
At 31 December 2023 4,875
DEPRECIATION
At 1 January 2023 3,527
Charge for year 348
At 31 December 2023 3,875
NET BOOK VALUE
At 31 December 2023 1,000
At 31 December 2022 16

5. STOCKS
2023 2022
£    £   
Stocks 845 845

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,908 41,648
Directors' current accounts 2,969 -
VAT 1,062 10,730
67,939 52,378

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,599 25
Trade creditors 1,938 501
Tax 20,228 9,344
Social security and other taxes 221 -
Directors' current accounts - 10,801
Accrued expenses 2,088 1,920
36,074 22,591

BAR MANAGEMENT SOLUTIONS LTD. (REGISTERED NUMBER: 11093365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 8,401 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr R Watts
Balance outstanding at start of year (5,400 ) 5,338
Amounts advanced 47,141 -
Amounts repaid (40,256 ) (10,738 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,485 (5,400 )

Mrs B J Watts
Balance outstanding at start of year (5,401 ) 5,338
Amounts advanced 47,141 -
Amounts repaid (40,256 ) (10,739 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,484 (5,401 )

Loans are interest free, unsecured and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £55,200 were paid to the directors .