31 January 2023 false Taxfiler 2024.5 true 06530126business:PrivateLimitedCompanyLtd2023-01-312024-01-31 065301262023-01-30 065301262023-01-312024-01-31 06530126business:AuditExemptWithAccountantsReport2023-01-312024-01-31 06530126business:FilletedAccounts2023-01-312024-01-31 065301262024-01-31 06530126business:Director12023-01-312024-01-31 06530126business:RegisteredOffice2023-01-312024-01-31 065301262023-01-30 06530126core:WithinOneYear2024-01-31 06530126core:WithinOneYear2023-01-30 06530126core:AfterOneYear2024-01-31 06530126core:AfterOneYear2023-01-30 06530126core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 06530126core:ShareCapitalcore:PreviouslyStatedAmount2023-01-30 06530126core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 06530126core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-30 06530126core:PreviouslyStatedAmount2024-01-31 06530126core:PreviouslyStatedAmount2023-01-30 06530126business:SmallEntities2023-01-312024-01-31 06530126countries:EnglandWales2023-01-312024-01-31 06530126core:FurnitureFittings2023-01-312024-01-31 06530126core:FurnitureFittings2023-01-30 06530126core:FurnitureFittings2024-01-31 065301262022-01-312023-01-30 iso4217:GBP xbrli:pure
Company Registration No. 06530126 (England and Wales)
Pub Solutions (South West) Limited Unaudited accounts for the period from 31 January 2023 to 31 January 2024
Pub Solutions (South West) Limited Unaudited accounts Contents
Page
- 2 -
Pub Solutions (South West) Limited Company Information for the period from 31 January 2023 to 31 January 2024
Director
Mr. Richard Arthur Ing
Company Number
06530126 (England and Wales)
Registered Office
33 Riverside Walk Tamerton Foliot Plymouth Devon PL5 4AQ England
Accountants
Stoke Newington Accountants & Tax Consultants Ltd 4 Baird Road Enfield Middlesex EN1 1SJ
- 3 -
Pub Solutions (South West) Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,379 
54,707 
Current assets
Inventories
49,950 
55,074 
Debtors
5,632 
23,251 
Cash at bank and in hand
48,857 
46,110 
104,439 
124,435 
Creditors: amounts falling due within one year
(296,589)
(349,122)
Net current liabilities
(192,150)
(224,687)
Total assets less current liabilities
(144,771)
(169,980)
Creditors: amounts falling due after more than one year
(8,584)
(15,950)
Net liabilities
(153,355)
(185,930)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(153,455)
(186,030)
Shareholders' funds
(153,355)
(185,930)
For the period ending 31 January 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2024 and were signed on its behalf by
Mr. Richard Arthur Ing Director Company Registration No. 06530126
- 4 -
Pub Solutions (South West) Limited Notes to the Accounts for the period from 31 January 2023 to 31 January 2024
1
Statutory information
Pub Solutions (South West) Limited is a private company, limited by shares, registered in England and Wales, registration number 06530126. The registered office is 33 Riverside Walk, Tamerton Foliot, Plymouth, Devon, PL5 4AQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
- 5 -
Pub Solutions (South West) Limited Notes to the Accounts for the period from 31 January 2023 to 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 31 January 2023
207,493 
Additions
1,033 
At 31 January 2024
208,526 
Depreciation
At 31 January 2023
152,786 
Charge for the period
8,361 
At 31 January 2024
161,147 
Net book value
At 31 January 2024
47,379 
At 30 January 2023
54,707 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,451 
Accrued income and prepayments
- 
3,306 
Other debtors
5,632 
18,494 
5,632 
23,251 
- 6 -
Pub Solutions (South West) Limited Notes to the Accounts for the period from 31 January 2023 to 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
21,794 
21,794 
VAT
32,552 
- 
Trade creditors
144,192 
280,624 
Amounts owed to group undertakings and other participating interests
81,234 
40,618 
Taxes and social security
3,781 
1,086 
Loans from directors
10,036 
- 
Accruals
3,000 
5,000 
296,589 
349,122 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,584 
15,950 
8
Transactions with related parties
At the balance sheet date, where the director held controlling interests, the company was owed by Champions Inns Ltd £81,234. At the balance sheet date, the company owed the director £10,036.
9
Controlling party
The company's ultimate controlling party is Richard Arthur Ing and Mrs Anita Elizabeth Ing by virtue of their ownership of the issued share capital in the company
10
Average number of employees
During the period the average number of employees was 8 (2023: 6).
- 7 -