BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period FRS 105 Accounts The principal activity of the company is a public house and venue for the performing arts 11 September 2024 0 0 10701115 2023-12-31 10701115 2022-12-31 10701115 2021-12-31 10701115 2023-01-01 2023-12-31 10701115 2022-01-01 2022-12-31 10701115 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10701115 uk-curr:PoundSterling 2023-01-01 2023-12-31 10701115 uk-bus:FullAccounts 2023-01-01 2023-12-31 10701115 uk-bus:Director1 2023-01-01 2023-12-31 10701115 uk-bus:Director2 2023-01-01 2023-12-31 10701115 uk-bus:RegisteredOffice 2023-01-01 2023-12-31 10701115 uk-bus:Agent1 2023-01-01 2023-12-31 10701115 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10701115 uk-core:CapitalReserve 2023-12-31 10701115 uk-core:CapitalReserve 2022-12-31 10701115 2023-01-01 2023-12-31 10701115 uk-bus:Micro-entities 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 10701115
 
 
Fatbird Live Lounge Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2023



Fatbird Live Lounge Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors L J Kelly
K Ratcliffe
 
 
Company Registration Number 10701115
 
 
Registered Office 21 Wallgate
Wigan
WN1 1LD
 
 
Accountants Carringtons
Accountants & Business Advisors
14 Mill Street
Bradford
West Yorkshire
BD1 4AB



Fatbird Live Lounge Ltd

ACCOUNTANTS & BUSINESS ADVISORS REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of Fatbird Live Lounge Ltd
for the financial year ended 31 December 2023
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 December 2023 as set out on pages 5 to 7 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of Fatbird Live Lounge Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by and we compiled the financial statements in accordance with the guidance contained in Compilation Engagements Technical Statement and the International Standard on Related Services 4410 (Revised), Compilation Engagements from the accounting records and information and explanations supplied to us by the directors, and have complied with the relevant ethical guidance laid down by relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 31 December 2023 your duty to ensure that Fatbird Live Lounge Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fatbird Live Lounge Ltd. You consider that Fatbird Live Lounge Ltd is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Fatbird Live Lounge Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
CARRINGTONS
Accountants & Business Advisors
14 Mill Street
Bradford
West Yorkshire
BD1 4AB
 
11 September 2024



Fatbird Live Lounge Ltd
INCOME STATEMENT
for the financial year ended 31 December 2023
2023 2022
£ £

Turnover 255,674 225,730
Other income 10,907 49,661
Cost of raw materials and consumables (91,867) (91,966)
Staff costs (57,510) (59,943)
Depreciation and other amounts written off assets (4,205) (3,984)
Other charges (109,274) (110,810)
Tax - (2)
───────── ─────────
Profit 3,725 8,686
═════════ ═════════



Fatbird Live Lounge Ltd
Company Registration Number: 10701115
STATEMENT OF FINANCIAL POSITION
as at 31 December 2023

    2023   2022
  £   £
 
Fixed Assets 21,261   23,254
  ─────────   ─────────
Current assets 28,352   28,067
Prepayments and accrued income 161   439
Creditors: amounts falling due within one year (37,714)   (43,136)
  ─────────   ─────────
Net Current Liabilities (9,201)   (14,630)
  ─────────   ─────────
Total Assets less Current Liabilities 12,060   8,624
Creditors: amounts falling due after more than one year (9,902)   (12,020)
Accruals and deferred income (2,220)   (391)
  ─────────   ─────────
Net Liabilities (62)   (3,787)
  ═════════   ═════════
 
Capital and Reserves (62)   (3,787)
  ═════════   ═════════
 
Notes to the Financial statements
   
1. General Information
 
Fatbird Live Lounge Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 10701115. The registered office of the company is 21 Wallgate, Wigan, WN1 1LD. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
       
2. Employees
 
The average monthly number of employees, including directors, during the financial year was 5, (2022 - 5).
   
3. Post-Balance Sheet Events
 
The directors are aware the company has incurred a loss of both turnover and potential profitability due to the emergence and continued presence, of covid 19. However, they consider that no adjustments are required to the amounts recognised in the accounts.
     
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
 
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
 
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
 
These financial statements have been prepared in accordance with the provisions available to micro-entities in Part 15 of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
 
Approved by the Board on 11 September 2024 and signed on its behalf by:
 
   
________________________________  
L J Kelly  
Director  
 
 
________________________________
K Ratcliffe
Director



Fatbird Live Lounge Ltd
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
TRADING STATEMENT
for the financial year ended 31 December 2023
2023 2022
£ £

Sales 255,674 225,730
───────── ─────────
       
Cost of sales
Opening stock 3,644   2,984
Bar Purchases 90,690 92,236
Direct costs 939 390
  ─────────   ─────────
  95,273   95,610
Closing stock (3,406)   (3,644)
  ─────────   ─────────
  91,867   91,966
  ─────────   ─────────
       
Gross profit 163,807   133,764
  ─────────   ─────────
Gross profit Percentage 64.1%   59.3%
  ─────────   ─────────
       
Administrative expenses
Wages and salaries 21,810 31,871
Door security 15,486 7,603
Directors' remuneration 20,214 20,469
Rent payable 17,750 18,231
Water 1,765 1,837
Insurance 3,169 2,536
Licences 2,624 2,786
Electric 5,404 5,022
Gas 918 1,044
Cleaning 1,791 2,491
Waste management 1,729 1,354
Repairs and maintenance 8,751 8,496
Printing, postage and stationery 689 489
Advertising 639 481
Telephone 421 439
Computer costs 82 -
Hire of equipment 1,475 2,120
Motor expenses 1,998 605
Entertainiment 50,621 55,981
Accountancy 2,280 2,380
Bank charges 134 200
Credit card charges 2,559 2,052
General expenses 1,052 1,713
Depreciation of tangible assets 4,205   3,984
Charitable donations 3,156   -
  ─────────   ─────────
  170,722   174,184
  ─────────   ─────────
       
Finance
Interest paid on overdue taxation - 179
Other interest 267   374
  ─────────   ─────────
  267   553
  ─────────   ─────────
       
Miscellaneous income
Government & Arts Council grants received - 30,295
Innovation Industries Grant - 8,232
Other income - ticket sales 10,723 11,123
Bank interest 184   11
  ─────────   ─────────
  10,907   49,661
  ─────────   ─────────
       
Net profit 3,725   8,688
  ═════════   ═════════