Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.62023-07-01falseNo description of principal activity6truetruefalse 02016032 2023-07-01 2024-06-30 02016032 2022-07-01 2023-06-30 02016032 2024-06-30 02016032 2023-06-30 02016032 c:Director1 2023-07-01 2024-06-30 02016032 d:MotorVehicles 2023-07-01 2024-06-30 02016032 d:MotorVehicles 2024-06-30 02016032 d:MotorVehicles 2023-06-30 02016032 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02016032 d:FurnitureFittings 2023-07-01 2024-06-30 02016032 d:FurnitureFittings 2024-06-30 02016032 d:FurnitureFittings 2023-06-30 02016032 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02016032 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02016032 d:CurrentFinancialInstruments 2024-06-30 02016032 d:CurrentFinancialInstruments 2023-06-30 02016032 d:Non-currentFinancialInstruments 2024-06-30 02016032 d:Non-currentFinancialInstruments 2023-06-30 02016032 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02016032 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02016032 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02016032 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02016032 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 02016032 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 02016032 d:ShareCapital 2024-06-30 02016032 d:ShareCapital 2023-06-30 02016032 d:RetainedEarningsAccumulatedLosses 2024-06-30 02016032 d:RetainedEarningsAccumulatedLosses 2023-06-30 02016032 c:FRS102 2023-07-01 2024-06-30 02016032 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02016032 c:FullAccounts 2023-07-01 2024-06-30 02016032 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02016032 2 2023-07-01 2024-06-30 02016032 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 02016032









INTERBAR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
INTERBAR LIMITED
REGISTERED NUMBER:02016032

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
39,910
45,551

  
39,910
45,551

Current assets
  

Stocks
  
75,000
50,000

Debtors: amounts falling due within one year
 5 
239,678
298,762

Cash at bank and in hand
 6 
379,933
49,767

  
694,611
398,529

Creditors: amounts falling due within one year
 7 
(207,783)
(212,618)

Net current assets
  
 
 
486,828
 
 
185,911

Total assets less current liabilities
  
526,738
231,462

Creditors: amounts falling due after more than one year
 8 
(10,239)
(23,568)

  

Net assets
  
516,499
207,894


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
506,499
197,894

  
516,499
207,894


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
INTERBAR LIMITED
REGISTERED NUMBER:02016032
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
W D E Pither
Director

Date: 20 January 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
INTERBAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Interbar Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road,
Watford, Herts, WD17 1HP.
The company's principal activity is the provision of bar equipment.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
INTERBAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
INTERBAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
INTERBAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 6

 
INTERBAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
34,505
214,249
248,754


Additions
-
3,368
3,368



At 30 June 2024

34,505
217,617
252,122



Depreciation


At 1 July 2023
17,749
185,454
203,203


Charge for the year on owned assets
4,189
4,820
9,009



At 30 June 2024

21,938
190,274
212,212



Net book value



At 30 June 2024
12,567
27,343
39,910



At 30 June 2023
16,756
28,795
45,551

Page 7

 
INTERBAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
232,106
252,621

Other debtors
424
39,433

Prepayments and accrued income
7,148
6,708

239,678
298,762



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
379,933
49,767

379,933
49,767



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,898
4,191

Other loans
9,648
9,648

Trade creditors
138,326
177,661

Corporation tax
25,371
-

Other taxation and social security
22,589
13,193

Other creditors
5,701
4,925

Accruals and deferred income
3,250
3,000

207,783
212,618



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
3,317

Other loans
10,239
20,251

10,239
23,568


Page 8

 
INTERBAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,898
4,191

Other loans
9,648
9,648


12,546
13,839


Amounts falling due 2-5 years

Bank loans
-
3,317

Other loans
10,239
20,251


10,239
23,568


22,785
37,407


 
Page 9