Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12826524 Mr Frank Stott Mrs Sarah Stott Mrs Frances Stott Mr Robert Stott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12826524 2023-03-31 12826524 2024-03-31 12826524 2023-04-01 2024-03-31 12826524 frs-core:CurrentFinancialInstruments 2024-03-31 12826524 frs-core:ComputerEquipment 2024-03-31 12826524 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12826524 frs-core:ComputerEquipment 2023-03-31 12826524 frs-core:FurnitureFittings 2024-03-31 12826524 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12826524 frs-core:FurnitureFittings 2023-03-31 12826524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 12826524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12826524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 12826524 frs-core:PlantMachinery 2024-03-31 12826524 frs-core:PlantMachinery 2023-04-01 2024-03-31 12826524 frs-core:PlantMachinery 2023-03-31 12826524 frs-core:ShareCapital 2024-03-31 12826524 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12826524 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12826524 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12826524 frs-bus:SmallEntities 2023-04-01 2024-03-31 12826524 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12826524 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12826524 frs-bus:Director1 2023-04-01 2024-03-31 12826524 frs-bus:Director2 2023-04-01 2024-03-31 12826524 frs-bus:Director3 2023-04-01 2024-03-31 12826524 frs-bus:Director4 2023-04-01 2024-03-31 12826524 frs-core:CurrentFinancialInstruments 1 2024-03-31 12826524 frs-core:CurrentFinancialInstruments 2 2024-03-31 12826524 frs-countries:EnglandWales 2023-04-01 2024-03-31 12826524 2022-03-31 12826524 2023-03-31 12826524 2022-04-01 2023-03-31 12826524 frs-core:CurrentFinancialInstruments 2023-03-31 12826524 frs-core:ShareCapital 2023-03-31 12826524 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 12826524 frs-core:CurrentFinancialInstruments 1 2023-03-31 12826524 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 12826524
Tree House Bars Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
30 North Street
Keighley
BD21 3SE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12826524
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,931 114,921
104,931 114,921
CURRENT ASSETS
Stocks 5 17,315 16,585
Debtors 6 47,592 12,757
Cash at bank and in hand 67,361 28,861
132,268 58,203
Creditors: Amounts Falling Due Within One Year 7 (146,865 ) (152,454 )
NET CURRENT ASSETS (LIABILITIES) (14,597 ) (94,251 )
TOTAL ASSETS LESS CURRENT LIABILITIES 90,334 20,670
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,233 ) (16,748 )
NET ASSETS 64,101 3,922
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 64,097 3,918
SHAREHOLDERS' FUNDS 64,101 3,922
Page 1
Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Frank Stott
Director
Mrs Sarah Stott
Director
Mrs Frances Stott
Director
Mr Robert Stott
Director
17th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tree House Bars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12826524 . The registered office is 30 North Street, Keighley, West Yorkshire, BD21 3SE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Straight line
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 30% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.5. Taxation
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 49 (2023: 49)
49 49
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 30,170 3,809 121,536 10,396 165,911
Additions - - 14,648 1,145 15,793
As at 31 March 2024 30,170 3,809 136,184 11,541 181,704
Depreciation
As at 1 April 2023 2,631 286 43,846 4,227 50,990
Provided during the period 1,509 354 21,189 2,731 25,783
As at 31 March 2024 4,140 640 65,035 6,958 76,773
Net Book Value
As at 31 March 2024 26,030 3,169 71,149 4,583 104,931
As at 1 April 2023 27,539 3,523 77,690 6,169 114,921
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 17,315 16,585
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,170 6,757
Prepayments and accrued income 422 -
Other debtors - staff loan 6,000 6,000
Stott Decorating Loan 2,000 -
47,592 12,757
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,671 77,120
Corporation tax 30,508 -
Other taxes and social security 8,504 10,054
VAT 31,056 10,077
Other creditors - Mary and Gary Stott 20,000 40,000
Other creditors - RFR Holdings 13,589 7,685
Accruals and deferred income 6,504 7,509
Directors' loan accounts 10,033 9
146,865 152,454
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5