Company Registration No. 11821654 (England and Wales)
COYOTE UGLY SALOON BIRMINGHAM LTD
Unaudited accounts
for the period from 28 February 2023 to 29 February 2024
COYOTE UGLY SALOON BIRMINGHAM LTD
Unaudited accounts
Contents
COYOTE UGLY SALOON BIRMINGHAM LTD
Company Information
for the period from 28 February 2023 to 29 February 2024
Company Number
11821654 (England and Wales)
Registered Office
78 ST. MARY STREET
CARDIFF
CF10 1FA
UNITED KINGDOM
COYOTE UGLY SALOON BIRMINGHAM LTD
Statement of financial position
as at 29 February 2024
Tangible assets
339,673
355,843
Cash at bank and in hand
44,507
41,741
Creditors: amounts falling due within one year
(658,630)
(520,252)
Net current liabilities
(541,130)
(366,899)
Total assets less current liabilities
(201,457)
(11,056)
Creditors: amounts falling due after more than one year
(33,334)
(141,000)
Net liabilities
(234,791)
(152,056)
Called up share capital
1,000
1,000
Profit and loss account
(235,791)
(153,056)
Shareholders' funds
(234,791)
(152,056)
For the period 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 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 11 October 2024 and were signed on its behalf by
Stephen Lewis
Director
Company Registration No. 11821654
COYOTE UGLY SALOON BIRMINGHAM LTD
Notes to the Accounts
for the period from 28 February 2023 to 29 February 2024
COYOTE UGLY SALOON BIRMINGHAM LTD is a private company, limited by shares, registered in England and Wales, registration number 11821654. The registered office is 78 ST. MARY STREET, CARDIFF, CF10 1FA, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
20% Straight Line
Computer equipment
20% Straight Line
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.
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.
At 29 February 2024 the company had net liabilities of £234,791. However the company received financial support from the director and shareholders of the company, as well as companies with common control, and continues to meet liabilities as they fall due. Therefore the going concern basis is considered appropriate.
COYOTE UGLY SALOON BIRMINGHAM LTD
Notes to the Accounts
for the period from 28 February 2023 to 29 February 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 28 February 2023
334,587
83,108
26,455
444,150
At 29 February 2024
334,587
83,108
27,934
445,629
At 28 February 2023
-
63,968
24,339
88,307
Charge for the period
-
16,622
1,027
17,649
At 29 February 2024
-
80,590
25,366
105,956
At 29 February 2024
334,587
2,518
2,568
339,673
At 27 February 2023
334,587
19,140
2,116
355,843
Amounts falling due within one year
Accrued income and prepayments
15,930
74,533
Other debtors
12,204
13,864
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,666
20,000
Trade creditors
16,979
160,956
Amounts owed to group undertakings and other participating interests
513,153
263,276
Taxes and social security
8,534
12,988
Other creditors
24,701
1,245
Loans from directors
-
(7,220)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the period the average number of employees was 63 (2023: 58).