Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseof the company continued to be that of production and retail of snack bars.44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11740499 2023-01-01 2023-12-31 11740499 2022-01-01 2022-12-31 11740499 2023-12-31 11740499 2022-12-31 11740499 c:Director1 2023-01-01 2023-12-31 11740499 c:Director2 2023-01-01 2023-12-31 11740499 c:Director3 2023-01-01 2023-12-31 11740499 c:Director5 2023-01-01 2023-12-31 11740499 c:Director6 2023-01-01 2023-12-31 11740499 c:RegisteredOffice 2023-01-01 2023-12-31 11740499 d:FurnitureFittings 2023-01-01 2023-12-31 11740499 d:FurnitureFittings 2023-12-31 11740499 d:FurnitureFittings 2022-12-31 11740499 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11740499 d:ComputerEquipment 2023-01-01 2023-12-31 11740499 d:ComputerEquipment 2023-12-31 11740499 d:ComputerEquipment 2022-12-31 11740499 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11740499 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11740499 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 11740499 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 11740499 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 11740499 d:CurrentFinancialInstruments 2023-12-31 11740499 d:CurrentFinancialInstruments 2022-12-31 11740499 d:Non-currentFinancialInstruments 2023-12-31 11740499 d:Non-currentFinancialInstruments 2022-12-31 11740499 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11740499 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11740499 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11740499 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11740499 d:ShareCapital 2023-12-31 11740499 d:ShareCapital 2022-12-31 11740499 d:SharePremium 2023-12-31 11740499 d:SharePremium 2022-12-31 11740499 d:RetainedEarningsAccumulatedLosses 2023-12-31 11740499 d:RetainedEarningsAccumulatedLosses 2022-12-31 11740499 c:FRS102 2023-01-01 2023-12-31 11740499 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11740499 c:FullAccounts 2023-01-01 2023-12-31 11740499 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11740499 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-01-01 2023-12-31 11740499 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11740499














YAAR BAR LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
YAAR BAR LIMITED
 
 
COMPANY INFORMATION


Directors
A Y Garbuz 
N T Karpuzov 
M Marinelli 
E Jaffe 
Leafless Investment Inc 




Registered number
11740499



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

United Kingdom

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
YAAR BAR LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 9


 
YAAR BAR LIMITED
REGISTERED NUMBER:11740499

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
42,000
49,000

Tangible assets
 5 
1,135
2,150

  
43,135
51,150

Current assets
  

Stocks
  
76,202
77,993

Debtors: amounts falling due within one year
 6 
89,356
113,007

Cash at bank and in hand
  
410
6,461

  
165,968
197,461

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(392,410)
(380,076)

Net current liabilities
  
 
 
(226,442)
 
 
(182,615)

Total assets less current liabilities
  
(183,307)
(131,465)

Creditors: amounts falling due after more than one year
 8 
(90,211)
(95,368)

Net liabilities
  
(273,518)
(226,833)


Capital and reserves
  

Called up share capital 
  
64
37

Share premium account
  
1,411,604
1,111,601

Profit and loss account
  
(1,685,186)
(1,338,471)

  
(273,518)
(226,833)


Page 1

 
YAAR BAR LIMITED
REGISTERED NUMBER:11740499
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Y Garbuz
Director

Date: 9 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
YAAR BAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

YAAR Bar Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD
The principal activity of the company continued to be that of production and retail of snack bars.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have the continued support from its lenders and has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover represents the net invoiced sale of goods, excluding value added tax. Income is recognised at the point of sale which is when the amount of revenue can be measured reliably.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
YAAR BAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Trademarks
-
10
years

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
YAAR BAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
on cost
Computer equipment
-
33%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

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.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
YAAR BAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 6

 
YAAR BAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Trademarks

£



Cost


At 1 January 2023
70,000



At 31 December 2023

70,000



Amortisation


At 1 January 2023
21,000


Charge for the year on owned assets
7,000



At 31 December 2023

28,000



Net book value



At 31 December 2023
42,000



At 31 December 2022
49,000



Page 7

 
YAAR BAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
450
4,572
5,022



At 31 December 2023

450
4,572
5,022



Depreciation


At 1 January 2023
450
2,423
2,873


Charge for the year on owned assets
-
1,014
1,014



At 31 December 2023

450
3,437
3,887



Net book value



At 31 December 2023
-
1,135
1,135



At 31 December 2022
-
2,150
2,150


6.


Debtors

2023
2022
£
£


Trade debtors
69,695
87,300

Other debtors
16,609
17,606

Prepayments and accrued income
3,052
8,101

89,356
113,007


Page 8

 
YAAR BAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,156
5,029

Other loans
162,842
185,124

Trade creditors
152,865
126,735

Other taxation and social security
26,620
62,071

Other creditors
44,927
242

Accruals and deferred income
-
875

392,410
380,076



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
30,211
35,368

Other loans
60,000
60,000

90,211
95,368



9.


Related party transactions

Included within other loans are amounts totalling £96,567 (2022 - £87,787) owed to directors. Interest is payable at the market rate and the loans are unsecured.
Included within other creditors are amounts totalling £44,929 (2022 - £244) owed to one of the directors.  These amounts are unsecured, interest free and repayable on demand.

 
Page 9