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REGISTERED NUMBER: 13992223 (England and Wales)















Financial Statements

for the Period 28th November 2022 to 26th November 2023

for

IQL Bar Trading Limited

IQL Bar Trading Limited (Registered number: 13992223)

Contents of the Financial Statements
for the period 28th November 2022 to 26th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IQL Bar Trading Limited

Company Information
for the period 28th November 2022 to 26th November 2023







DIRECTORS: N A Foster
F L Perkins
D Heath



REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE



REGISTERED NUMBER: 13992223 (England and Wales)



SENIOR STATUTORY AUDITOR: Ronald D Price FCA



AUDITORS: Beak Kemmenoe
Chartered Accountants
& Statutory Auditors
1-3 Manor Road
Chatham
Kent
ME4 6AE

IQL Bar Trading Limited (Registered number: 13992223)

Balance Sheet
26th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,323 231,232

CURRENT ASSETS
Stocks 8,956 12,217
Debtors 5 50,977 41,866
Cash at bank and in hand 78,039 13,236
137,972 67,319
CREDITORS
Amounts falling due within one year 6 522,220 394,721
NET CURRENT LIABILITIES (384,248 ) (327,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(153,925

)

(96,170

)

PROVISIONS FOR LIABILITIES - 7,965
NET LIABILITIES (153,925 ) (104,135 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (154,025 ) (104,235 )
(153,925 ) (104,135 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:





N A Foster - Director


IQL Bar Trading Limited (Registered number: 13992223)

Notes to the Financial Statements
for the period 28th November 2022 to 26th November 2023


1. STATUTORY INFORMATION

IQL Bar Trading Limited 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and Straight line over the leasehold life

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

IQL Bar Trading Limited (Registered number: 13992223)

Notes to the Financial Statements - continued
for the period 28th November 2022 to 26th November 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28th November 2022 235,002
Additions 13,761
At 26th November 2023 248,763
DEPRECIATION
At 28th November 2022 3,770
Charge for period 14,670
At 26th November 2023 18,440
NET BOOK VALUE
At 26th November 2023 230,323
At 27th November 2022 231,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,857 8,502
Amounts owed by group undertakings 24,058 29,834
Other debtors and prepayments 15,062 3,530
50,977 41,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,591 12,641
Amounts owed to group undertakings 299,703 329,920
Taxation and social security 20,978 4,523
Other creditors and accruals 192,948 47,637
522,220 394,721

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ronald D Price FCA (Senior Statutory Auditor)
for and on behalf of Beak Kemmenoe

IQL Bar Trading Limited (Registered number: 13992223)

Notes to the Financial Statements - continued
for the period 28th November 2022 to 26th November 2023


8. ULTIMATE CONTROLLING PARTY

The parent company is Big Chill Group Limited. The ultimate controlling party is Mr N Foster and Mr R Bigg.