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REGISTERED NUMBER: 11112031 (England and Wales)


















Barrel Drop Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






Barrel Drop Ltd (Registered number: 11112031)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Barrel Drop Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A D Harbison





REGISTERED OFFICE: 2 Jessops Lane
Gedling
Nottingham
NG4 4BQ





BUSINESS ADDRESS: 7 Hurts Yard
Nottingham
NG1 6JD





REGISTERED NUMBER: 11112031 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Barrel Drop Ltd (Registered number: 11112031)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 48,083 48,398

CURRENT ASSETS
Stocks 4,500 4,250
Debtors 6 3,539 2,098
Cash at bank and in hand 8,440 15,244
16,479 21,592
CREDITORS
Amounts falling due within one year 7 53,980 94,719
NET CURRENT LIABILITIES (37,501 ) (73,127 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,582

(24,729

)

CREDITORS
Amounts falling due after more than one
year

8

56,784

7,281
NET LIABILITIES (46,202 ) (32,010 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings (46,212 ) (32,020 )
SHAREHOLDERS' FUNDS (46,202 ) (32,010 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

Barrel Drop Ltd (Registered number: 11112031)

Statement of Financial Position - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





A D Harbison - Director


Barrel Drop Ltd (Registered number: 11112031)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Barrel Drop Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 25% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Barrel Drop Ltd (Registered number: 11112031)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 48,000 3,889 51,889
DEPRECIATION
At 1 January 2023 - 3,491 3,491
Charge for year - 315 315
At 31 December 2023 - 3,806 3,806
NET BOOK VALUE
At 31 December 2023 48,000 83 48,083
At 31 December 2022 48,000 398 48,398

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,539 2,093
Other debtors - 5
3,539 2,098

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 29,220 19,814
Amounts owed to participating interests 10,000 10,000
Taxation and social security 8,425 8,220
Other creditors 6,335 56,685
53,980 94,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 56,784 7,281

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10 Ordinary £1 10 10