BrightAccountsProduction v1.0.0 v1.0.0 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts 22 July 2024 14272504 2024-05-31 14272504 2023-05-31 14272504 2022-05-31 14272504 2023-06-01 2024-05-31 14272504 2022-06-01 2023-05-31 14272504 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14272504 uk-curr:PoundSterling 2023-06-01 2024-05-31 14272504 uk-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14272504 uk-bus:AbridgedAccounts 2023-06-01 2024-05-31 14272504 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 14272504 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 14272504 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 14272504 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 14272504 uk-bus:FRS102 2023-06-01 2024-05-31 14272504 uk-core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 14272504 2023-06-01 2024-05-31 14272504 uk-bus:Director1 2023-06-01 2024-05-31 14272504 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Bar 1880 Limited
(A company limited by guarantee, not having a share capital)
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 May 2024



Bar 1880 Limited
(A company limited by guarantee, not having a share capital)
Company Registration Number: 14272504
ABRIDGED BALANCE SHEET
as at 31 May 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 5,856 6,639
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Current Assets
Stocks 4,300 4,300
Debtors 47 -
Cash at bank and in hand 10,054 7,224
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14,401 11,524
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Creditors: amounts falling due within one year (3,341) (9,331)
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Net Current Assets 11,060 2,193
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Total Assets less Current Liabilities 16,916 8,832
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Reserves
Retained surplus 16,916 8,832
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Members' Funds 16,916 8,832
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 22 July 2024 and signed on its behalf by
           
           
________________________________          
Ms J Stimpson          
Director          
           



Bar 1880 Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 May 2024

   
1. General Information
 
Bar 1880 Limited is a company limited by guarantee incorporated and registered in the United Kingdom. The registered number of the company is 14272504. The registered office of the company is The Tannery Ground, Middle Brooks, Street, Somerset, BA16 0TA, United Kingdom which is also the principal place of business of the company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
   
3. Period of financial statements
 
The comparative figures relate to the 10 month period ended 31 May 2023.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 12, (2023 - 2).
 
  2024 2023
  Number Number
 
Directors 3 2
Employees 9 -
  ───────── ─────────
  12 2
  ═════════ ═════════
       
5. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 June 2023 7,500 7,500
Additions 250 250
  ───────── ─────────
At 31 May 2024 7,750 7,750
  ───────── ─────────
Depreciation
At 1 June 2023 861 861
Charge for the financial year 1,033 1,033
  ───────── ─────────
At 31 May 2024 1,894 1,894
  ───────── ─────────
Net book value
At 31 May 2024 5,856 5,856
  ═════════ ═════════
At 31 May 2023 6,639 6,639
  ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 May 2024.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.