Company Registration No. 11700232 (England and Wales)
The Mill Bar (Cleckheaton) Limited
Unaudited accounts
for the year ended 30 November 2023
The Mill Bar (Cleckheaton) Limited
Unaudited accounts
Contents
The Mill Bar (Cleckheaton) Limited
Company Information
for the year ended 30 November 2023
Directors
Wendy Hemingway
Stephen John Hemingway
Company Number
11700232 (England and Wales)
Registered Office
Woodyroyd Mills
South Parade
Cleckheaton
West Yorkshire
BD19 3AF
England
Accountants
True North Accountancy Ltd
19 Forest Crescent
Illingworth
Halifax
West Yorkshire
HX2 8DS
The Mill Bar (Cleckheaton) Limited
Statement of financial position
as at 30 November 2023
Tangible assets
22,915
29,622
Cash at bank and in hand
970
4,364
Creditors: amounts falling due within one year
(22,065)
(19,026)
Net current liabilities
(14,594)
(11,162)
Total assets less current liabilities
8,321
18,460
Creditors: amounts falling due after more than one year
(9,643)
(12,079)
Provisions for liabilities
Deferred tax
(3,442)
(4,091)
Net (liabilities)/assets
(4,764)
2,290
Called up share capital
300
300
Profit and loss account
(5,064)
1,990
Shareholders' funds
(4,764)
2,290
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 8 August 2024 and were signed on its behalf by
Stephen John Hemingway
Director
Company Registration No. 11700232
The Mill Bar (Cleckheaton) Limited
Notes to the Accounts
for the year ended 30 November 2023
The Mill Bar (Cleckheaton) Limited is a private company, limited by shares, registered in England and Wales, registration number 11700232. The registered office is Woodyroyd Mills, South Parade, Cleckheaton, West Yorkshire, BD19 3AF, England.
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.
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
Motor vehicles
20% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
The Mill Bar (Cleckheaton) Limited
Notes to the Accounts
for the year ended 30 November 2023
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
6,001
20,700
21,221
692
48,614
Additions
-
-
1,174
-
1,174
At 30 November 2023
6,001
20,700
22,395
692
49,788
At 1 December 2022
1,795
5,244
11,624
329
18,992
Charge for the year
842
3,091
3,828
120
7,881
At 30 November 2023
2,637
8,335
15,452
449
26,873
At 30 November 2023
3,364
12,365
6,943
243
22,915
At 30 November 2022
4,206
15,456
9,597
363
29,622
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,436
2,436
Trade creditors
3,369
5,446
Taxes and social security
-
170
Other creditors
8,119
9,255
Loans from directors
7,896
-
The Mill Bar (Cleckheaton) Limited
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
9,643
12,079
8
Deferred taxation
2023
2022
Accelerated capital allowances
3,442
4,091
Provision at start of year
4,091
4,837
Credited to the profit and loss account
(649)
(746)
Provision at end of year
3,442
4,091
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
10
Transactions with related parties
An amount of £1,437 owed to The Mill Bar Cleckheaton Ltd from Mill Valley Brewery Northern Ltd was repaid within the year, a company that Mrs W Hemingway is also a director of and has a controlling interest in.
Included in Other Creditors is an amount of £8,079 (2021: £8,079 ) owed to Mill Valley Brewery Ltd, a company that Mr S Hemingway is a director of and also holds a controlling interest in.
11
Average number of employees
During the year the average number of employees was 3 (2022: 4).