Bar Matt Ltd 14734211 false 2023-03-16 2024-05-31 2024-05-31 The principal activity of the company is Public house Digita Accounts Production Advanced 6.30.9574.0 true true 14734211 2023-03-16 2024-05-31 14734211 2024-05-31 14734211 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14734211 core:Goodwill 2024-05-31 14734211 core:FurnitureFittings 2024-05-31 14734211 bus:SmallEntities 2023-03-16 2024-05-31 14734211 bus:AuditExemptWithAccountantsReport 2023-03-16 2024-05-31 14734211 bus:FilletedAccounts 2023-03-16 2024-05-31 14734211 bus:SmallCompaniesRegimeForAccounts 2023-03-16 2024-05-31 14734211 bus:RegisteredOffice 2023-03-16 2024-05-31 14734211 bus:Director1 2023-03-16 2024-05-31 14734211 bus:PrivateLimitedCompanyLtd 2023-03-16 2024-05-31 14734211 core:Goodwill 2023-03-16 2024-05-31 14734211 core:FurnitureFittings 2023-03-16 2024-05-31 14734211 core:PlantMachinery 2023-03-16 2024-05-31 14734211 countries:EnglandWales 2023-03-16 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 14734211

Bar Matt Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Period from 16 March 2023 to 31 May 2024

 

Bar Matt Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Bar Matt Ltd

Company Information

Director

M Bolton

Registered office

112 Ashley Down Road
Bristol
BS7 9JR

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Bar Matt Ltd

(Registration number: 14734211)
Balance Sheet as at 31 May 2024

Note

2024
£

       

Fixed assets

   

Intangible assets

4

 

64,944

Tangible assets

5

 

27,833

   

92,777

Current assets

   

Stocks

6

12,000

 

Cash at bank and in hand

 

96,503

 

 

108,503

 

Creditors: Amounts falling due within one year

7

(116,208)

 

Net current liabilities

   

(7,705)

Total assets less current liabilities

   

85,072

Provisions for liabilities

 

(5,288)

Net assets

   

79,784

Capital and reserves

   

Called up share capital

100

 

Retained earnings

79,684

 

Shareholders' funds

   

79,784

For the financial period 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 period in question in accordance with section 476; and

The director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 November 2024
 

.........................................

M Bolton
Director

 

Bar Matt Ltd

Notes to the Unaudited Financial Statements for the Period from 16 March 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
112 Ashley Down Road
Bristol
BS7 9JR

These financial statements were authorised for issue by the director on 7 November 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

 

Bar Matt Ltd

Notes to the Unaudited Financial Statements for the Period from 16 March 2023 to 31 May 2024

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

Fixtures and fittings

15 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Amortisation

15 years straight line

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.

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.

 

Bar Matt Ltd

Notes to the Unaudited Financial Statements for the Period from 16 March 2023 to 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 period, was 30.

 

Bar Matt Ltd

Notes to the Unaudited Financial Statements for the Period from 16 March 2023 to 31 May 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

70,000

70,000

At 31 May 2024

70,000

70,000

Amortisation

Amortisation charge

5,056

5,056

At 31 May 2024

5,056

5,056

Carrying amount

At 31 May 2024

64,944

64,944

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

30,000

30,000

At 31 May 2024

30,000

30,000

Depreciation

Charge for the period

2,167

2,167

At 31 May 2024

2,167

2,167

Carrying amount

At 31 May 2024

27,833

27,833

Included within the net book value of land and buildings above is £Nil in respect of short leasehold land and buildings.
 

6

Stocks

2024
£

Other inventories

12,000

 

Bar Matt Ltd

Notes to the Unaudited Financial Statements for the Period from 16 March 2023 to 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

12,972

Taxation and social security

69,717

Accruals and deferred income

2,869

Other creditors

30,650

116,208

8

Related party transactions

At the balance sheet date the director was owned £30,650 from the company. Loans are made interest free and repayable on demand.