Registered number
11807599
London Barrelhouse Limited
Unaudited Filleted Accounts
29 February 2024
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75 Westow Hill
Crystal Palace
London
SE19 1TX
Ph: 0208 761 2213
www.cgca.co.uk
London Barrelhouse Limited
Registered number: 11807599
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,374 12,230
Current assets
Stocks 77,812 150,575
Debtors 4 136,352 14,694
Cash at bank and in hand 240,849 268,473
455,013 433,742
Creditors: amounts falling due within one year 5 (102,587) (85,862)
Net current assets 352,426 347,880
Total assets less current liabilities 359,800 360,110
Creditors: amounts falling due after more than one year 6 (14,126) (24,240)
Provisions for liabilities (1,844) (2,447)
Net assets 343,830 333,423
Capital and reserves
Called up share capital 20 20
Profit and loss account 343,810 333,403
Shareholders' funds 343,830 333,423
The directors are 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 directors acknowledge their 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 Charalambous
Director
Approved by the board on 6 January 2025
London Barrelhouse Limited
Notes to the Accounts
for the year ended 29 February 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:
Fixtures, fittings, tools and equipment 25% Straight line
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.
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 9 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 26,381
Additions 520
At 29 February 2024 26,901
Depreciation
At 1 March 2023 14,151
Charge for the year 5,376
At 29 February 2024 19,527
Net book value
At 29 February 2024 7,374
At 28 February 2023 12,230
4 Debtors 2024 2023
£ £
Trade debtors 55,310 12,011
Other debtors 81,042 2,683
136,352 14,694
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 9,886
Trade creditors 3,229 2,563
Taxation and social security costs 68,085 47,007
Other creditors 21,273 26,406
102,587 85,862
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,126 24,240
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A Charalambous
Loan - 33,826 - 33,826
P Charalambous
Loan - 33,826 - 33,826
- 67,652 - 67,652
8 Controlling party
The company has no controlling party.
9 Other information
London Barrelhouse Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, 15 The Broadway
Woodford Green
Essex
England
IG8 0HL
London Barrelhouse Limited 11807599 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 A Charalambous No description of principal activity 11807599 2022-03-01 2023-02-28 11807599 core:WithinOneYear 2023-02-28 11807599 core:AfterOneYear 2023-02-28 11807599 core:ShareCapital 2023-02-28 11807599 core:RetainedEarningsAccumulatedLosses 2023-02-28 11807599 2023-03-01 2024-02-29 11807599 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11807599 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11807599 bus:Director40 2023-03-01 2024-02-29 11807599 1 2023-03-01 2024-02-29 11807599 2 2023-03-01 2024-02-29 11807599 core:PlantMachinery 2023-03-01 2024-02-29 11807599 bus:Director1 2023-03-01 2024-02-29 11807599 bus:Director1 1 2023-03-01 2024-02-29 11807599 bus:Director2 2023-03-01 2024-02-29 11807599 bus:Director2 1 2023-03-01 2024-02-29 11807599 countries:England 2023-03-01 2024-02-29 11807599 bus:FRS102 2023-03-01 2024-02-29 11807599 bus:FilletedAccounts 2023-03-01 2024-02-29 11807599 2024-02-29 11807599 core:WithinOneYear 2024-02-29 11807599 core:AfterOneYear 2024-02-29 11807599 core:ShareCapital 2024-02-29 11807599 core:RetainedEarningsAccumulatedLosses 2024-02-29 11807599 core:PlantMachinery 2024-02-29 11807599 bus:Director1 1 2024-02-29 11807599 bus:Director2 1 2024-02-29 11807599 2023-02-28 11807599 core:PlantMachinery 2023-02-28 11807599 bus:Director1 1 2023-02-28 11807599 bus:Director2 1 2023-02-28 iso4217:GBP xbrli:pure