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Company Registration No. 10330861 (England and Wales)
Malt Room Bars Limited Unaudited accounts for the year ended 31 January 2024
Malt Room Bars Limited Unaudited accounts Contents
Page
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Malt Room Bars Limited Company Information for the year ended 31 January 2024
Directors
M MacPherson J Donaldson
Company Number
10330861 (England and Wales)
Registered Office
1 Marbaix Gardens Isleworth TW7 4FD
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Malt Room Bars Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,144 
43,134 
Current assets
Inventories
82,000 
95,340 
Debtors
43,399 
9,682 
Cash at bank and in hand
35,457 
63,294 
160,856 
168,316 
Creditors: amounts falling due within one year
(90,875)
(97,786)
Net current assets
69,981 
70,530 
Total assets less current liabilities
105,125 
113,664 
Creditors: amounts falling due after more than one year
(18,329)
(33,779)
Provisions for liabilities
Deferred tax
(7,145)
(8,026)
Net assets
79,651 
71,859 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
79,649 
71,857 
Shareholders' funds
79,651 
71,859 
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. 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
M MacPherson Director Company Registration No. 10330861
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Malt Room Bars Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Malt Room Bars Limited is a private company, limited by shares, registered in England and Wales, registration number 10330861. The registered office is 1 Marbaix Gardens, Isleworth, TW7 4FD.
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.
3
Accounting policies
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 accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Land & buildings
20% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
20% straight line
Inventories
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Malt Room Bars Limited Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
94,973 
Additions
7,891 
At 31 January 2024
102,864 
Depreciation
At 1 February 2023
51,839 
Charge for the year
15,881 
At 31 January 2024
67,720 
Net book value
At 31 January 2024
35,144 
At 31 January 2023
43,134 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
16,395 
20,494 
5
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
46,000 
59,800 
6
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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