The Crooked Billet (Ware) Ltd 12010713 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Public House Digita Accounts Production Advanced 6.30.9574.0 true 12010713 2023-06-01 2024-05-31 12010713 2024-05-31 12010713 core:CurrentFinancialInstruments 2024-05-31 12010713 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 12010713 core:FurnitureFittingsToolsEquipment 2024-05-31 12010713 core:LandBuildings 2024-05-31 12010713 bus:SmallEntities 2023-06-01 2024-05-31 12010713 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12010713 bus:FullAccounts 2023-06-01 2024-05-31 12010713 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12010713 bus:RegisteredOffice 2023-06-01 2024-05-31 12010713 bus:CompanySecretaryDirector1 2023-06-01 2024-05-31 12010713 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12010713 core:ComputerEquipment 2023-06-01 2024-05-31 12010713 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 12010713 core:LandBuildings 2023-06-01 2024-05-31 12010713 countries:UnitedKingdom 2023-06-01 2024-05-31 12010713 2023-05-31 12010713 core:FurnitureFittingsToolsEquipment 2023-05-31 12010713 core:LandBuildings 2023-05-31 12010713 2022-06-01 2023-05-31 12010713 2023-05-31 12010713 core:CurrentFinancialInstruments 2023-05-31 12010713 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 12010713 core:FurnitureFittingsToolsEquipment 2023-05-31 12010713 core:LandBuildings 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 12010713

The Crooked Billet (Ware) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

The Crooked Billet (Ware) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Crooked Billet (Ware) Ltd

Company Information

Director

Mrs Beverley Jane Gefaell

Company secretary

Mrs Beverley Jane Gefaell

Registered office

10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

Accountants

RS Partnership Ltd
Chartered Certified Accountants
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

 

The Crooked Billet (Ware) Ltd

(Registration number: 12010713)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,466

18,145

Current assets

 

Stocks

5

10,889

8,193

Debtors

6

6,180

5,431

Cash at bank and in hand

 

176,707

151,968

 

193,776

165,592

Creditors: Amounts falling due within one year

7

(163,824)

(132,988)

Net current assets

 

29,952

32,604

Total assets less current liabilities

 

44,418

50,749

Provisions for liabilities

(3,617)

(4,536)

Net assets

 

40,801

46,213

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

40,701

46,113

Shareholders' funds

 

40,801

46,213

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 6 September 2024
 

.........................................
Mrs Beverley Jane Gefaell
Company secretary and director

 

The Crooked Billet (Ware) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

The principal place of business is:
140 Musley Hill
Ware
Hertfordshire
SG12 7NL

These financial statements were authorised for issue by the director on 6 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

The Crooked Billet (Ware) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% RB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

The Crooked Billet (Ware) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 6).

 

The Crooked Billet (Ware) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

23,484

2,098

25,582

At 31 May 2024

23,484

2,098

25,582

Depreciation

At 1 June 2023

6,325

1,112

7,437

Charge for the year

3,432

247

3,679

At 31 May 2024

9,757

1,359

11,116

Carrying amount

At 31 May 2024

13,727

739

14,466

At 31 May 2023

17,159

986

18,145

Included within the net book value of land and buildings above is £13,727 (2023 - £17,159) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

10,889

8,193

6

Debtors

2024
£

2023
£

Prepayments

596

98

Other debtors

5,584

5,333

6,180

5,431

 

The Crooked Billet (Ware) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

4,985

3,634

Taxation and social security

4,973

5,668

Accruals and deferred income

352

-

Corporation tax

7,822

9,692

Directors Loan Account

145,692

113,994

163,824

132,988

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100