Company Registration No. 12735559 (England and Wales)
Bar 2 Hire Ltd
Unaudited accounts
for the year ended 31 July 2024
Bar 2 Hire Ltd
Unaudited accounts
Contents
Bar 2 Hire Ltd
Company Information
for the year ended 31 July 2024
Directors
David Hiscocks
Lisa Hiscocks
Company Number
12735559 (England and Wales)
Registered Office
4 Laburnum Drive
Melksham
Wilts
SN12 6HX
United Kingdom
Accountants
Accounts On Us Ltd
Suite 5, Crowood House
Gipsy Lane
Swindon
Wilts
SN2 8YY
Bar 2 Hire Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
21,076
19,288
Cash at bank and in hand
6,158
11,193
Creditors: amounts falling due within one year
(8,853)
(4,377)
Net current assets
683
11,425
Total assets less current liabilities
21,759
30,713
Creditors: amounts falling due after more than one year
(3,279)
(5,385)
Called up share capital
100
100
Profit and loss account
18,380
25,228
Shareholders' funds
18,480
25,328
For the year ending 31 July 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by
David Hiscocks
Director
Company Registration No. 12735559
Bar 2 Hire Ltd
Notes to the Accounts
for the year ended 31 July 2024
Bar 2 Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 12735559. The registered office is 4 Laburnum Drive, Melksham, Wilts, SN12 6HX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line - Useful Life 10 Years
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Bar 2 Hire Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
1,200
21,245
8,206
30,651
Additions
-
11,000
475
11,475
Revaluations
-
(3,540)
-
(3,540)
At 31 July 2024
1,200
28,705
8,681
38,586
At 1 August 2023
360
8,964
2,039
11,363
Charge for the year
120
4,477
1,550
6,147
At 31 July 2024
480
13,441
3,589
17,510
At 31 July 2024
720
15,264
5,092
21,076
At 31 July 2023
840
12,281
6,167
19,288
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,268
-
Taxes and social security
1,339
2,592
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,279
5,385
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).