Calstock Inns Limited Filleted Accounts Cover
Calstock Inns Limited
Company No. 09005683
Information for Filing with The Registrar
30 April 2024
Calstock Inns Limited Balance Sheet Registrar
at
30 April 2024
Company No.
09005683
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
41,49049,447
41,49049,447
Current assets
Stocks
5
11,59110,537
Debtors
6
77,56331,831
Cash at bank and in hand
17,03325,284
106,18767,652
Creditors: Amount falling due within one year
7
(127,392)
(99,395)
Net current liabilities
(21,205)
(31,743)
Total assets less current liabilities
20,28517,704
Creditors: Amounts falling due after more than one year
8
(11,000)
(17,000)
Provisions for liabilities
Deferred taxation
9
(7,883)
(9,395)
Net assets/(liabilities)
1,402
(8,691)
Capital and reserves
Called up share capital
10,00010,000
Profit and loss account
10
(8,598)
(18,691)
Total equity
1,402
(8,691)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 16 December 2024
And signed on its behalf by:
P. Tarplee
Director
16 December 2024
Calstock Inns Limited Notes to the Accounts Registrar
for the year ended 30 April 2024
1
General information
Its registered number is: 09005683
Its registered office is:
The Rifle Volunteer
St Anns Chapel
Gunnislake
Cornwall
PL18 9HL
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the bar and food sales net of discounts and value added taxes, and is recognised at the time of sale.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
15-33% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Trade and other 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.
Defined contribution pensions
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 payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
3130
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 May 2023
-77,81577,815
Additions
3,9951,1595,154
At 30 April 2024
3,99578,97482,969
Depreciation
At 1 May 2023
-28,36828,368
Charge for the year
99912,11213,111
At 30 April 2024
99940,48041,479
Net book values
At 30 April 2024
2,99638,49441,490
At 30 April 2023
-49,44749,447
5
Stocks
2024
2023
£
£
Finished goods
11,59110,537
11,59110,537
6
Debtors
2024
2023
£
£
Corporation tax recoverable
8,847931
Loans to directors
41,5292,758
Other debtors
21,65220,600
Prepayments and accrued income
5,5357,542
77,56331,831
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,0006,000
Trade creditors
41,41145,365
Corporation tax
13,0275,682
Other taxes and social security
58,64037,201
Other creditors
1,4451,740
Accruals and deferred income
6,8693,407
127,39299,395
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,00017,000
11,00017,000
9
Provisions for liabilities
Deferred taxation
Accelerated Capital Allowances, Losses and Other Timing Differences
Total
£
£
At 1 May 2023
9,395
9,395
Charge to the profit and loss account for the period
(1,512)
(1,512)
At 30 April 2024
7,883
7,883
2024
2023
£
£
Accelerated capital allowances
7,8839,395
7,8839,395
10
Undistributable Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Commitments
Capital commitments
2024
2023
£
£
Other financial commitments
2024
2023
£
£
Total commitments under non-cancellable operating leases:
566,584602,181
12
Advances and credits to directors
Included within Other debtors are the following loans to directors:
Director
Description
At 1 May 2023
Advanced
Repaid
At 30 April 2024
£
£
£
£
E.L. TarpleeDirectors loan1,37919,386-20,765
P. TarpleeDirectors loan1,37919,386-20,765
2,75838,772-41,530
Interest was charged on the overdrawn directors loan accounts at the HMRC official rate of 2.25%.
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