Stir Bars Limited 12155116 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is Retail Sale Of Bread, Cakes, Flour Confe Digita Accounts Production Advanced 6.30.9574.0 true true 12155116 2023-03-01 2024-02-29 12155116 2024-02-29 12155116 core:CurrentFinancialInstruments 2024-02-29 12155116 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 12155116 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 12155116 core:FurnitureFittings 2024-02-29 12155116 core:LandBuildings core:LongLeaseholdAssets 2024-02-29 12155116 core:MotorVehicles 2024-02-29 12155116 core:OfficeEquipment 2024-02-29 12155116 core:PlantMachinery 2024-02-29 12155116 bus:SmallEntities 2023-03-01 2024-02-29 12155116 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12155116 bus:FilletedAccounts 2023-03-01 2024-02-29 12155116 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12155116 bus:RegisteredOffice 2023-03-01 2024-02-29 12155116 bus:Director1 2023-03-01 2024-02-29 12155116 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12155116 core:ComputerEquipment 2023-03-01 2024-02-29 12155116 core:FurnitureFittings 2023-03-01 2024-02-29 12155116 core:LandBuildings core:LongLeaseholdAssets 2023-03-01 2024-02-29 12155116 core:LeaseholdImprovements 2023-03-01 2024-02-29 12155116 core:MotorVehicles 2023-03-01 2024-02-29 12155116 core:OfficeEquipment 2023-03-01 2024-02-29 12155116 core:PlantMachinery 2023-03-01 2024-02-29 12155116 countries:England 2023-03-01 2024-02-29 12155116 2023-02-28 12155116 core:FurnitureFittings 2023-02-28 12155116 core:LandBuildings core:LongLeaseholdAssets 2023-02-28 12155116 core:MotorVehicles 2023-02-28 12155116 core:OfficeEquipment 2023-02-28 12155116 core:PlantMachinery 2023-02-28 12155116 2022-03-01 2023-02-28 12155116 2023-02-28 12155116 core:CurrentFinancialInstruments 2023-02-28 12155116 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 12155116 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 12155116 core:FurnitureFittings 2023-02-28 12155116 core:LandBuildings core:LongLeaseholdAssets 2023-02-28 12155116 core:MotorVehicles 2023-02-28 12155116 core:OfficeEquipment 2023-02-28 12155116 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 12155116

Stir Bars Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 29 February 2024

 

Stir Bars Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Stir Bars Limited

Company Information

Director

Mr James Scott Bramley

Registered office

Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

Accountants

Onyx Accountants Limited
Chartered Management Accountants
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

Stir Bars Limited

(Registration number: 12155116)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,036

18,107

Current assets

 

Stocks

-

2,500

Debtors

5

463

26,492

Cash at bank and in hand

 

2,037

9,098

 

2,500

38,090

Prepayments and accrued income

 

1,925

3,632

Creditors: Amounts falling due within one year

(28,980)

(23,672)

Net current (liabilities)/assets

 

(24,555)

18,050

Total assets less current liabilities

 

(2,519)

36,157

Creditors: Amounts falling due after more than one year

(39,943)

(36,974)

Provisions for liabilities

(2,692)

(3,441)

Net liabilities

 

(45,154)

(4,258)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(45,254)

(4,358)

Shareholders' deficit

 

(45,154)

(4,258)

For the financial year ending 29 February 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 year 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 4 November 2024
 

 

Stir Bars Limited

(Registration number: 12155116)
Abridged Balance Sheet as at 29 February 2024

.........................................
Mr James Scott Bramley
Director

 

Stir Bars Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

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

The address of its registered office is:
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU
England

These financial statements were authorised for issue by the director on 4 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 abridged 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 abridged 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 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.

 

Stir Bars Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 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

Plant and machinery

15% reducing balance

Fixtures and fittings

25% reducing balance

Leasehold improvements

25% reducing balance

Computer equipment

25% reducing balance

Office equipment

25% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Stir Bars Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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 year, was 2 (2023 - 1).

 

Stir Bars Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 March 2023

3,644

24,701

2,971

1,045

Additions

-

-

-

695

At 29 February 2024

3,644

24,701

2,971

1,740

Depreciation

At 1 March 2023

1,251

11,386

1,160

457

Charge for the year

598

3,329

271

435

At 29 February 2024

1,849

14,715

1,431

892

Carrying amount

At 29 February 2024

1,795

9,986

1,540

848

At 28 February 2023

2,393

13,315

1,811

588

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

-

32,361

Additions

10,490

11,185

At 29 February 2024

10,490

43,546

Depreciation

At 1 March 2023

-

14,254

Charge for the year

2,623

7,256

At 29 February 2024

2,623

21,510

Carrying amount

At 29 February 2024

7,867

22,036

At 28 February 2023

-

18,107

Included within the net book value of land and buildings above is £1,795 (2023 - £2,394) in respect of long leasehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.