Registered number
08426450
KOB (The Feathers) Limited
Filleted Accounts
30 June 2024
KOB (The Feathers) Limited
Registered number: 08426450
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 68,452 76,876
Current assets
Stocks 22,937 18,229
Debtors 4 77,845 75,105
Cash at bank and in hand 379,883 334,911
480,665 428,245
Creditors: amounts falling due within one year 5 (294,426) (343,802)
Net current assets 186,239 84,443
Total assets less current liabilities 254,691 161,319
Creditors: amounts falling due after more than one year 6 (9,763) (21,299)
Net assets 244,928 140,020
Capital and reserves
Called up share capital 2 2
Profit and loss account 244,926 140,018
Shareholders' funds 244,928 140,020
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.
A Moore-Saxton
Director
Approved by the board on 28 November 2024
KOB (The Feathers) Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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:
Motor vehicles 33% reducing balance
Fixtures, fittings, and equipment 20% 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 174,740 2,500 177,240
Additions 7,738 - 7,738
At 30 June 2024 182,478 2,500 184,978
Depreciation
At 1 July 2023 98,011 2,353 100,364
Charge for the year 16,113 49 16,162
At 30 June 2024 114,124 2,402 116,526
Net book value
At 30 June 2024 68,354 98 68,452
At 30 June 2023 76,729 147 76,876
4 Debtors 2024 2023
£ £
Trade debtors 51,319 45,926
Amounts owed by group undertakings 352 2,719
Other debtors 26,174 26,460
77,845 75,105
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,644 10,644
Trade creditors 171,143 224,624
Amounts owed to group undertakings 54,955 85,288
Taxation and social security costs 53,091 15,689
Other creditors 4,593 7,557
294,426 343,802
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,763 21,299
7 Pension commitments
The company operates a defined contribution scheme and the amount charged to the profit and loss account of £9,336 (2023 - £6,562).
8 Controlling party
The company is a subsidiary of The Aspirational Pub Company Ltd. There is no ultimate controlling party.
9 Other information
KOB (The Feathers) Limited is a private company limited by shares and incorporated in England. Its registered office is:
79 The Enterprise Centre
Cranborne Road
Potters Bar
EN6 3DQ
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