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REGISTERED NUMBER: 10611221 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

TBC EVENTS T/A THE BAR CO LIMITED

TBC EVENTS T/A THE BAR CO LIMITED (REGISTERED NUMBER: 10611221)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TBC EVENTS T/A THE BAR CO LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







Directors: F J Howarth
L R Howarth





Registered office: Unit 7 & 8 Hawkley Brook
Worthington Way
Wigan
Lancashire
WN3 6XE





Registered number: 10611221 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

TBC EVENTS T/A THE BAR CO LIMITED (REGISTERED NUMBER: 10611221)

Balance Sheet
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 312,100 96
Tangible assets 5 287,378 175,991
Investments 6 40 40
599,518 176,127

CURRENT ASSETS
Stocks 19,370 2,501
Debtors 7 214,102 478,911
Cash at bank and in hand 307,059 351,943
540,531 833,355
CREDITORS
Amounts falling due within one year 8 607,650 606,466
NET CURRENT (LIABILITIES)/ASSETS (67,119 ) 226,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,399

403,016

CREDITORS
Amounts falling due after more than one
year

9

(15,000

)

(71,750

)

PROVISIONS FOR LIABILITIES 10 (71,845 ) (33,438 )
NET ASSETS 445,554 297,828

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 445,454 297,728
SHAREHOLDERS' FUNDS 445,554 297,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TBC EVENTS T/A THE BAR CO LIMITED (REGISTERED NUMBER: 10611221)

Balance Sheet - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





F J Howarth - Director


TBC EVENTS T/A THE BAR CO LIMITED (REGISTERED NUMBER: 10611221)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

TBC Events T/a The Bar Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - at varying rates on cost
Computer equipment - at varying rates on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TBC EVENTS T/A THE BAR CO LIMITED (REGISTERED NUMBER: 10611221)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1 February 2023 - 5,201 5,201
Additions 346,778 - 346,778
At 31 January 2024 346,778 5,201 351,979
AMORTISATION
At 1 February 2023 - 5,105 5,105
Amortisation for year 34,678 96 34,774
At 31 January 2024 34,678 5,201 39,879
NET BOOK VALUE
At 31 January 2024 312,100 - 312,100
At 31 January 2023 - 96 96

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 317,312 26,186 62,780 22,737 429,015
Additions 4,643 171,194 5,000 703 181,540
At 31 January 2024 321,955 197,380 67,780 23,440 610,555
DEPRECIATION
At 1 February 2023 210,109 20,244 4,646 18,025 253,024
Charge for year 40,521 16,825 10,769 2,038 70,153
At 31 January 2024 250,630 37,069 15,415 20,063 323,177
NET BOOK VALUE
At 31 January 2024 71,325 160,311 52,365 3,377 287,378
At 31 January 2023 107,203 5,942 58,134 4,712 175,991

TBC EVENTS T/A THE BAR CO LIMITED (REGISTERED NUMBER: 10611221)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 February 2023
and 31 January 2024 40
NET BOOK VALUE
At 31 January 2024 40
At 31 January 2023 40

Investment relates to shares purchased in Equipt Security Group Limited.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 4,752 245,566
Other debtors 209,350 233,345
214,102 478,911

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 11,251 10,800
Trade creditors 80,245 185,407
Taxation and social security 73,156 150,907
Other creditors 442,998 259,352
607,650 606,466

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 15,000 26,701
Other creditors - 45,049
15,000 71,750

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 71,845 33,438

Deferred
tax
£   
Balance at 1 February 2023 33,438
Provided during year 38,407
Balance at 31 January 2024 71,845

TBC EVENTS T/A THE BAR CO LIMITED (REGISTERED NUMBER: 10611221)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
50 A Ordinary Shares £1 50 50
50 B Ordinary Shares £1 50 50
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
F J Howarth and L R Howarth
Balance outstanding at start of year 100,000 15,000
Amounts advanced 84,500 125,000
Amounts repaid (85,000 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,500 100,000

The amount overdrawn at year end was paid within 9 months.