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REGISTERED NUMBER: 13662134 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Wills Bars and Events Ltd

Wills Bars and Events Ltd (Registered number: 13662134)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wills Bars and Events Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs J E Owen
W J Owen





REGISTERED OFFICE: 75 Winnham Drive
Fareham
Hampshire
PO16 8QG





REGISTERED NUMBER: 13662134 (England and Wales)





ACCOUNTANTS: Creighton Accountants Ltd
25a Down End Road
Portchester
Fareham
Hampshire
PO16 8RG

Wills Bars and Events Ltd (Registered number: 13662134)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,143 1,833

CURRENT ASSETS
Debtors 5 1,486 190
Cash at bank 3,061 9,125
4,547 9,315
CREDITORS
Amounts falling due within one year 6 2,077 3,538
NET CURRENT ASSETS 2,470 5,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,613

7,610

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,612 7,609
4,613 7,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





W J Owen - Director


Wills Bars and Events Ltd (Registered number: 13662134)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Wills Bars and Events Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Wills Bars and Events Ltd (Registered number: 13662134)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 2,599
Additions 1,502
At 31 October 2024 4,101
DEPRECIATION
At 1 November 2023 766
Charge for year 1,192
At 31 October 2024 1,958
NET BOOK VALUE
At 31 October 2024 2,143
At 31 October 2023 1,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 285 190
Other debtors 1,201 -
1,486 190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors - (1 )
Taxation and social security 2,077 935
Other creditors - 2,604
2,077 3,538