Registered number
09881857
Escaperoom (Stoke) Ltd
Filleted Accounts
30 November 2023
Escaperoom (Stoke) Ltd
Registered number: 09881857
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 20,423 24,023
Tangible assets 4 26,485 33,372
46,908 57,395
Current assets
Debtors 5 288,925 248,733
Cash at bank and in hand 1,969 2,032
290,894 250,765
Creditors: amounts falling due within one year 6 (231,500) (192,207)
Net current assets 59,394 58,558
Total assets less current liabilities 106,302 115,953
Creditors: amounts falling due after more than one year 7 (100,000) (126,029)
Provisions for liabilities (7,122) (8,732)
Net liabilities (820) (18,808)
Capital and reserves
Called up share capital 150 150
Profit and loss account (970) (18,958)
Shareholders' funds (820) (18,808)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Salim Amanji
Director
Approved by the board on 19 November 2024
Escaperoom (Stoke) Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 8
3 Intangible fixed assets £
Leasehold Improvements
Cost
At 1 December 2022 48,815
At 30 November 2023 48,815
Amortisation
At 1 December 2022 24,792
Provided during the year 3,600
At 30 November 2023 28,392
Net book value
At 30 November 2023 20,423
At 30 November 2022 24,023
Leasehold Improvement is being amortise over the lease term of 12 years.
4 Tangible fixed assets
Fixtures fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 December 2022 78,730 17,917 96,647
At 30 November 2023 78,730 17,917 96,647
Depreciation
At 1 December 2022 49,610 13,665 63,275
Charge for the year 5,824 1,063 6,887
At 30 November 2023 55,434 14,728 70,162
Net book value
At 30 November 2023 23,296 3,189 26,485
At 30 November 2022 29,120 4,252 33,372
5 Debtors 2023 2022
£ £
Other debtors 288,925 248,733
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 25,785 9,626
Trade creditors 60,000 61,000
Taxation and social security costs 30,764 32,404
Other creditors 114,951 89,177
231,500 192,207
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 26,029
Other creditors 100,000 100,000
100,000 126,029
8 Other information
Escaperoom (Stoke) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1a Aqueduct Mill
Aqueduct Street
Preston
Lancashire
PR1 7JN
Escaperoom (Stoke) Ltd 09881857 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Mr Salim Amanji No description of principal activity 09881857 2021-12-01 2022-11-30 09881857 core:WithinOneYear 2022-11-30 09881857 core:AfterOneYear 2022-11-30 09881857 core:ShareCapital 2022-11-30 09881857 core:RetainedEarningsAccumulatedLosses 2022-11-30 09881857 2022-12-01 2023-11-30 09881857 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09881857 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 09881857 bus:Director40 2022-12-01 2023-11-30 09881857 1 2022-12-01 2023-11-30 09881857 2 2022-12-01 2023-11-30 09881857 core:Goodwill 2022-12-01 2023-11-30 09881857 core:PlantMachinery 2022-12-01 2023-11-30 09881857 core:Vehicles 2022-12-01 2023-11-30 09881857 countries:England 2022-12-01 2023-11-30 09881857 bus:FRS102 2022-12-01 2023-11-30 09881857 bus:FilletedAccounts 2022-12-01 2023-11-30 09881857 2023-11-30 09881857 core:WithinOneYear 2023-11-30 09881857 core:AfterOneYear 2023-11-30 09881857 core:ShareCapital 2023-11-30 09881857 core:RetainedEarningsAccumulatedLosses 2023-11-30 09881857 core:Goodwill 2023-11-30 09881857 core:PlantMachinery 2023-11-30 09881857 core:Vehicles 2023-11-30 09881857 2022-11-30 09881857 core:Goodwill 2022-11-30 09881857 core:PlantMachinery 2022-11-30 09881857 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure