0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 13,623 7,191 1,608 8,799 4,824 6,432 xbrli:pure xbrli:shares iso4217:GBP 12455132 2023-03-01 2024-02-29 12455132 2024-02-29 12455132 2023-02-28 12455132 2022-03-01 2023-02-28 12455132 2023-02-28 12455132 2022-02-28 12455132 core:PlantMachinery 2023-03-01 2024-02-29 12455132 bus:Director1 2023-03-01 2024-02-29 12455132 core:PlantMachinery 2023-02-28 12455132 core:PlantMachinery 2024-02-29 12455132 core:WithinOneYear 2024-02-29 12455132 core:WithinOneYear 2023-02-28 12455132 core:ShareCapital 2024-02-29 12455132 core:ShareCapital 2023-02-28 12455132 core:RetainedEarningsAccumulatedLosses 2024-02-29 12455132 core:RetainedEarningsAccumulatedLosses 2023-02-28 12455132 core:PlantMachinery 2023-02-28 12455132 bus:SmallEntities 2023-03-01 2024-02-29 12455132 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12455132 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12455132 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12455132 bus:FullAccounts 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: 12455132
Monty's Gin Bar Ltd
Filleted Unaudited Financial Statements
29 February 2024
Monty's Gin Bar Ltd
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
4,824
6,432
Current assets
Stocks
1,200
Debtors
5
220
Cash at bank and in hand
108
3,009
----
-------
108
4,429
Creditors: amounts falling due within one year
6
10,302
16,683
--------
--------
Net current liabilities
10,194
12,254
--------
--------
Total assets less current liabilities
( 5,370)
( 5,822)
-------
-------
Net liabilities
( 5,370)
( 5,822)
-------
-------
Monty's Gin Bar Ltd
Statement of Financial Position (continued)
29 February 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 5,372)
( 5,824)
-------
-------
Shareholders deficit
( 5,370)
( 5,822)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 November 2024 , and are signed on behalf of the board by:
Mr L V Moynes
Director
Company registration number: 12455132
Monty's Gin Bar Ltd
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Crabtree Way, Dunstable, LU6 1UR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on a going concern basis which is dependent upon the continued financial support of the company's director.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets
Plant and machinery
£
Cost
At 1 March 2023 and 29 February 2024
13,623
--------
Depreciation
At 1 March 2023
7,191
Charge for the year
1,608
--------
At 29 February 2024
8,799
--------
Carrying amount
At 29 February 2024
4,824
--------
At 28 February 2023
6,432
--------
5. Debtors
2024
2023
£
£
Other debtors
220
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
373
314
Other creditors
9,929
16,369
--------
--------
10,302
16,683
--------
--------