31
01/02/2023
31/01/2024
2024-01-31
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No description of principal activities is disclosed
2023-02-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
08852965
2023-02-01
2024-01-31
08852965
2024-01-31
08852965
2023-01-31
08852965
2022-02-01
2023-01-31
08852965
2023-01-31
08852965
2022-01-31
08852965
core:NetGoodwill
2023-02-01
2024-01-31
08852965
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-02-01
2024-01-31
08852965
core:PlantMachinery
2023-02-01
2024-01-31
08852965
core:MotorVehicles
2023-02-01
2024-01-31
08852965
bus:Director3
2023-02-01
2024-01-31
08852965
core:NetGoodwill
2024-01-31
08852965
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-01-31
08852965
core:FurnitureFittingsToolsEquipment
2023-01-31
08852965
core:MotorVehicles
2023-01-31
08852965
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-01-31
08852965
core:FurnitureFittingsToolsEquipment
2024-01-31
08852965
core:MotorVehicles
2024-01-31
08852965
core:WithinOneYear
2024-01-31
08852965
core:WithinOneYear
2023-01-31
08852965
core:AfterOneYear
2024-01-31
08852965
core:AfterOneYear
2023-01-31
08852965
core:ShareCapital
2024-01-31
08852965
core:ShareCapital
2023-01-31
08852965
core:RetainedEarningsAccumulatedLosses
2024-01-31
08852965
core:RetainedEarningsAccumulatedLosses
2023-01-31
08852965
core:FurnitureFittingsToolsEquipment
2023-02-01
2024-01-31
08852965
core:NetGoodwill
2023-01-31
08852965
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-01-31
08852965
core:FurnitureFittingsToolsEquipment
2023-01-31
08852965
core:MotorVehicles
2023-01-31
08852965
bus:SmallEntities
2023-02-01
2024-01-31
08852965
bus:AuditExemptWithAccountantsReport
2023-02-01
2024-01-31
08852965
bus:SmallCompaniesRegimeForAccounts
2023-02-01
2024-01-31
08852965
bus:PrivateLimitedCompanyLtd
2023-02-01
2024-01-31
08852965
bus:FullAccounts
2023-02-01
2024-01-31
08852965
core:WithinOneYear
2023-02-01
2024-01-31
08852965
core:AfterOneYear
2023-02-01
2024-01-31
Company registration number:
08852965
B H Inn Limited
Unaudited filleted financial accounts
For the year ended
31 January 2024
B H Inn Limited
Contents
Statement of financial position
Notes to the financial accounts
B H Inn Limited
Statement of financial position
31 January 2024
|
|
|
2024 |
|
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2023 |
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Note |
£ |
|
£ |
|
£ |
|
£ |
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|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
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|
Intangible assets |
|
3 |
- |
|
|
|
- |
|
|
Tangible assets |
|
4 |
553,779 |
|
|
|
554,835 |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
|
|
553,779 |
|
|
|
554,835 |
|
|
|
|
|
|
|
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Current assets |
|
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|
|
|
|
|
|
|
Stocks |
|
|
15,000 |
|
|
|
10,000 |
|
|
Debtors |
|
5 |
307,876 |
|
|
|
279,148 |
|
|
Cash at bank and in hand |
|
|
6,347 |
|
|
|
2,791 |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
329,223 |
|
|
|
291,939 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
414,967) |
|
|
|
(
452,468) |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
Net current liabilities |
|
|
|
|
(
85,744) |
|
|
|
(
160,529) |
|
|
|
|
|
________ |
|
|
|
________ |
Total assets less current liabilities |
|
|
|
|
468,035 |
|
|
|
394,306 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
7 |
|
|
(
359,041) |
|
|
|
(
392,144) |
|
|
|
|
|
________ |
|
|
|
________ |
Net assets |
|
|
|
|
108,994 |
|
|
|
2,162 |
|
|
|
|
|
________ |
|
|
|
________ |
|
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|
Capital and reserves |
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|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
125 |
|
|
|
125 |
Profit and loss account |
|
|
|
|
108,869 |
|
|
|
2,037 |
|
|
|
|
|
________ |
|
|
|
________ |
Shareholders funds |
|
|
|
|
108,994 |
|
|
|
2,162 |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
|
|
|
|
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|
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial accounts for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial accounts.
These financial accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial accounts were approved by the
board of directors
and authorised for issue on
30 October 2024
, and are signed on behalf of the board by:
Mr N J Putnam
Director
Company registration number:
08852965
B H Inn Limited
Notes to the financial accounts
Year ended 31 January 2024
1.
Accounting policies
Statutory information
These financial accounts have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.
B H Inn Limited is a private company, limited by shares, domiciled in England and Wales, registration number
08852965
. The registered office is Bower House Inn, Irton, Holmrook, CA19 1TD.
Basis of preparation
These financial accounts have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006'. 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 year, and also have been consistently applied within the same financial statements.
Turnover
Turnover represents the total value, excluding VAT, of sales made during the year.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Goodwill |
- |
20 % |
straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible fixed assets are included at cost less depreciation and impairment.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
2 % |
straight line |
|
Plant and machinery |
- |
25 % |
straight line |
|
Motor vehicles |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
Basic financial instruments are recognised at amortised cost.
2.
Employee numbers
The average number of persons employed by the company during the year amounted to
31
(2023:
33
).
3.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 February 2023 and 31 January 2024 |
25,000 |
25,000 |
|
|
|
|
|
|
________ |
________ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 February 2023 and 31 January 2024 |
25,000 |
25,000 |
|
|
|
|
|
|
________ |
________ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 January 2024 |
- |
- |
|
|
|
|
|
|
________ |
________ |
|
|
|
|
|
At 31 January 2023 |
- |
- |
|
|
|
|
|
|
________ |
________ |
|
|
|
|
|
|
|
|
|
|
|
|
4.
Tangible assets
|
|
Freehold property |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 February 2023 |
630,127 |
94,719 |
35,208 |
760,054 |
|
|
|
|
Additions |
- |
10,681 |
- |
10,681 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
At 31 January 2024 |
630,127 |
105,400 |
35,208 |
770,735 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 February 2023 |
101,962 |
94,455 |
8,802 |
205,219 |
|
|
|
|
Charge for the year |
- |
2,935 |
8,802 |
11,737 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
At 31 January 2024 |
101,962 |
97,390 |
17,604 |
216,956 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 January 2024 |
528,165 |
8,010 |
17,604 |
553,779 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
At 31 January 2023 |
528,165 |
264 |
26,406 |
554,835 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
|
|
|
|
|
|
|
|
5.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
307,876 |
279,148 |
|
|
|
________ |
________ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
30,817 |
43,824 |
|
Trade creditors |
|
69,541 |
80,817 |
|
Corporation tax |
|
39,574 |
33,939 |
|
Taxation and social security |
|
40,814 |
23,346 |
|
Directors loan account |
|
222,448 |
255,480 |
|
Other creditors |
|
11,773 |
15,062 |
|
|
|
________ |
________ |
|
|
|
414,967 |
452,468 |
|
|
|
________ |
________ |
|
|
|
|
|
There are personal guarentees to secure the bank loans and overdraft.
7.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other creditors |
|
359,041 |
392,144 |
|
|
|
________ |
________ |
|
|
|
|
|
The amount repayable in more than one year is secured on the company's freehold property.
8.
Pension commitments
The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held seperately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,957 (2022 - £1,505) were due to the fund. They are included in other creditors.
9.
Directors advances, credits and guarantees
During the year the company made advances to Mr N Putnam, a director, totalling £19,810 (2023 - £41,552). Repayments of £22,917 were made by 31 January 2024 and so the balance at the year end, 31 January 2024, was £36,246 (2023 - £36,353). During the year the company made advances to Mrs R E Putnam, a director, totalling £19,810(2023 - £41,552). Repayments of £22,917 were made by 31 January 2024 and so the balance outstanding at the year end, 31 January 2023, was £36,246 (2023 - £36,353). During the year the company made advances to Miss S Fell, a director, totalling £471 (2023 - £14, 279). Repayments of £14,779 were made by 31 January 2024 and so the balance outstanding at the year end, 31 January 2024, was £471 (2023 - £14,779) Where applicable, interest is charged on overdrawn loan accounts at the rate of 2% per annum, loans are repayable on demand.