IRIS Accounts Production v24.2.0.383 14839139 Board of Directors 2.5.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh148391392023-05-01148391392024-05-31148391392023-05-022024-05-31148391392023-05-0114839139ns15:EnglandWales2023-05-022024-05-3114839139ns14:PoundSterling2023-05-022024-05-3114839139ns10:Director12023-05-022024-05-3114839139ns10:PrivateLimitedCompanyLtd2023-05-022024-05-3114839139ns10:SmallEntities2023-05-022024-05-3114839139ns10:AuditExemptWithAccountantsReport2023-05-022024-05-3114839139ns10:SmallCompaniesRegimeForDirectorsReport2023-05-022024-05-3114839139ns10:SmallCompaniesRegimeForAccounts2023-05-022024-05-3114839139ns10:FullAccounts2023-05-022024-05-3114839139ns10:Director22023-05-022024-05-3114839139ns10:RegisteredOffice2023-05-022024-05-3114839139ns5:CurrentFinancialInstruments2024-05-3114839139ns5:Non-currentFinancialInstruments2024-05-3114839139ns5:ShareCapital2024-05-3114839139ns5:RetainedEarningsAccumulatedLosses2024-05-3114839139ns5:PlantMachinery2023-05-022024-05-3114839139ns5:PlantMachinery2024-05-3114839139ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31
REGISTERED NUMBER: 14839139 (England and Wales)















Unaudited Financial Statements

for the Period 2 May 2023 to 31 May 2024

for

Tabu Wine & Cocktail Lounge Ltd

Tabu Wine & Cocktail Lounge Ltd (Registered number: 14839139)






Contents of the Financial Statements
for the Period 2 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Tabu Wine & Cocktail Lounge Ltd

Company Information
for the Period 2 May 2023 to 31 May 2024







DIRECTORS: Ms K J Blake
Ms K B Woodward





REGISTERED OFFICE: Unit 7, Homelands Commercial Centre
Vale Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8PX





REGISTERED NUMBER: 14839139 (England and Wales)





ACCOUNTANTS: ADM Accountancy Services Ltd
Homelands Commercial Centre
Vale Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8PX

Tabu Wine & Cocktail Lounge Ltd (Registered number: 14839139)

Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 26,237

CURRENT ASSETS
Stocks 1,000
Debtors 5 14,289
Prepayments and accrued income 525
Cash at bank and in hand 535
16,349
CREDITORS
Amounts falling due within one year 6 65,712
NET CURRENT LIABILITIES (49,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,126

)

CREDITORS
Amounts falling due after more than one
year

7

49,243
NET LIABILITIES (72,369 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (72,371 )
(72,369 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

Tabu Wine & Cocktail Lounge Ltd (Registered number: 14839139)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





Ms K J Blake - Director


Tabu Wine & Cocktail Lounge Ltd (Registered number: 14839139)

Notes to the Financial Statements
for the Period 2 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Tabu Wine & Cocktail Lounge Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

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 period was 11 .

Tabu Wine & Cocktail Lounge Ltd (Registered number: 14839139)

Notes to the Financial Statements - continued
for the Period 2 May 2023 to 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 34,718
At 31 May 2024 34,718
DEPRECIATION
Charge for period 8,481
At 31 May 2024 8,481
NET BOOK VALUE
At 31 May 2024 26,237

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 14,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 507
Trade creditors 3,423
Taxation and social security 4,561
Other creditors 57,221
65,712

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 49,243

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tabu Wine & Cocktail Lounge Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tabu Wine & Cocktail Lounge Ltd for the period ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Tabu Wine & Cocktail Lounge Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tabu Wine & Cocktail Lounge Ltd and state those matters that we have agreed to state to the Board of Directors of Tabu Wine & Cocktail Lounge Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tabu Wine & Cocktail Lounge Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tabu Wine & Cocktail Lounge Ltd. You consider that Tabu Wine & Cocktail Lounge Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Tabu Wine & Cocktail Lounge Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






ADM Accountancy Services Ltd
Homelands Commercial Centre
Vale Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8PX


Date: .............................................