Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05045030 Mrs Debra East Mr Raoul East Mrs Jacqueline East iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05045030 2023-02-28 05045030 2024-02-29 05045030 2023-03-01 2024-02-29 05045030 frs-core:CurrentFinancialInstruments 2024-02-29 05045030 frs-core:Non-currentFinancialInstruments 2024-02-29 05045030 frs-core:FurnitureFittings 2024-02-29 05045030 frs-core:FurnitureFittings 2023-03-01 2024-02-29 05045030 frs-core:FurnitureFittings 2023-02-28 05045030 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 05045030 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05045030 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 05045030 frs-core:ShareCapital 2024-02-29 05045030 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05045030 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05045030 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 05045030 frs-bus:SmallEntities 2023-03-01 2024-02-29 05045030 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05045030 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05045030 frs-bus:Director1 2023-03-01 2024-02-29 05045030 frs-bus:Director2 2023-03-01 2024-02-29 05045030 frs-bus:Director3 2023-03-01 2024-02-29 05045030 frs-countries:EnglandWales 2023-03-01 2024-02-29 05045030 2022-02-28 05045030 2023-02-28 05045030 2022-03-01 2023-02-28 05045030 frs-core:CurrentFinancialInstruments 2023-02-28 05045030 frs-core:Non-currentFinancialInstruments 2023-02-28 05045030 frs-core:ShareCapital 2023-02-28 05045030 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05045030
The Vault Bar Limited
ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Trek Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05045030
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 327,388 330,357
327,388 330,357
CURRENT ASSETS
Stocks 5 5,500 5,116
Cash at bank and in hand 1,338 11,976
6,838 17,092
Creditors: Amounts Falling Due Within One Year 6 (216,896 ) (220,737 )
NET CURRENT ASSETS (LIABILITIES) (210,058 ) (203,645 )
TOTAL ASSETS LESS CURRENT LIABILITIES 117,330 126,712
Creditors: Amounts Falling Due After More Than One Year 7 (87,089 ) (104,166 )
NET ASSETS 30,241 22,546
CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Profit and Loss Account 29,141 21,446
SHAREHOLDERS' FUNDS 30,241 22,546
Page 1
Page 2
For the year ending 29 February 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Debra East
Director
16th October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
The Vault Bar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05045030 . The registered office is Suite 2 The Barbican Centre Lustleigh Close, Marsh Barton Trading Estate, Exeter, Devon, EX2 8PW.
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:
Freehold No depreciation
Fixtures & Fittings 18% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 313,865 72,172 386,037
As at 29 February 2024 313,865 72,172 386,037
Depreciation
As at 1 March 2023 - 55,680 55,680
Provided during the period - 2,969 2,969
As at 29 February 2024 - 58,649 58,649
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 313,865 13,523 327,388
As at 1 March 2023 313,865 16,492 330,357
5. Stocks
2024 2023
£ £
Materials 5,500 5,116
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,028 501
Bank loans and overdrafts 15,434 15,434
Other taxes and social security - 2,331
VAT 4,238 2,573
Directors' loan accounts 196,196 199,898
216,896 220,737
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 87,089 104,166
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,100 1,100
Page 4