BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company ...pub 31 October 2024 0 0 05568560 2024-01-31 05568560 2023-01-31 05568560 2022-01-31 05568560 2023-02-01 2024-01-31 05568560 2022-02-01 2023-01-31 05568560 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05568560 uk-curr:PoundSterling 2023-02-01 2024-01-31 05568560 uk-bus:AbridgedAccounts 2023-02-01 2024-01-31 05568560 uk-core:ShareCapital 2024-01-31 05568560 uk-core:ShareCapital 2023-01-31 05568560 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 05568560 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 05568560 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 05568560 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 05568560 uk-bus:FRS102 2023-02-01 2024-01-31 05568560 uk-core:Goodwill 2023-02-01 2024-01-31 05568560 uk-core:Land 2023-02-01 2024-01-31 05568560 uk-core:PlantMachinery 2023-02-01 2024-01-31 05568560 uk-core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 05568560 uk-core:Goodwill 2023-01-31 05568560 uk-core:Goodwill 2024-01-31 05568560 2023-02-01 2024-01-31 05568560 uk-bus:Director1 2023-02-01 2024-01-31 05568560 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Denver Bars Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 January 2024



Denver Bars Limited
Company Registration Number: 05568560
ABRIDGED BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 1,660 2,490
Tangible assets 5 25,406 36,641
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Fixed Assets 27,066 39,131
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Current Assets
Stocks 16,821 17,768
Debtors 112,480 135,344
Cash and cash equivalents 281,393 327,712
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410,694 480,824
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Creditors: amounts falling due within one year (139,782) (184,590)
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Net Current Assets 270,912 296,234
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Total Assets less Current Liabilities 297,978 335,365
 
Creditors:
amounts falling due after more than one year (25,697) (44,969)
 
Provisions for liabilities (5,004) (7,536)
───────── ─────────
Net Assets 267,277 282,860
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Capital and Reserves
Called up share capital 100 100
Retained earnings 267,177 282,760
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Equity attributable to owners of the company 267,277 282,860
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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 Director's Report.
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms 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 director acknowledges 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 Director and authorised for issue on 31 October 2024
           
           
           
Matthew Denver Ward          
Director          
           



Denver Bars Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
Denver Bars Limited is a company limited by shares incorporated in the United Kingdom
         
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 year ended 31 January 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 represents the total invoice value, excluding value added tax, of sales made during the
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 20 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
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:
 
  Long leasehold property - Amortised over 15 years.
  Plant and machinery - 15% straight line
  Fixtures, fittings and equipment - 15% straight line
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
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.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred 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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 17, (2023 - 17).
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 February 2023 16,600 16,600
  ───────── ─────────
 
At 31 January 2024 16,600 16,600
  ───────── ─────────
Amortisation
At 1 February 2023 14,110 14,110
Charge for financial year 830 830
  ───────── ─────────
At 31 January 2024 14,940 14,940
  ───────── ─────────
Net book value
At 31 January 2024 1,660 1,660
  ═════════ ═════════
At 31 January 2023 2,490 2,490
  ═════════ ═════════
           
5. Tangible assets
  Long Plant and Fixtures, Total
  leasehold machinery fittings and  
  property   equipment  
  £ £ £ £
Cost
At 1 February 2023 12,195 73,014 137,607 222,816
  ───────── ───────── ───────── ─────────
 
At 31 January 2024 12,195 73,014 137,607 222,816
  ───────── ───────── ───────── ─────────
Depreciation
At 1 February 2023 7,317 57,578 121,280 186,175
Charge for the financial year 813 2,976 7,446 11,235
  ───────── ───────── ───────── ─────────
At 31 January 2024 8,130 60,554 128,726 197,410
  ───────── ───────── ───────── ─────────
Net book value
At 31 January 2024 4,065 12,460 8,881 25,406
  ═════════ ═════════ ═════════ ═════════
At 31 January 2023 4,878 15,436 16,327 36,641
  ═════════ ═════════ ═════════ ═════════