1 August 2023 false No description of principal activity Taxfiler 2024.6.1 12735559business:PrivateLimitedCompanyLtd2023-08-012024-07-31 127355592023-07-31 127355592023-08-012024-07-31 12735559business:AuditExemptWithAccountantsReport2023-08-012024-07-31 12735559business:FilletedAccounts2023-08-012024-07-31 127355592024-07-31 12735559business:Director12023-08-012024-07-31 12735559business:Director22023-08-012024-07-31 12735559business:CompanySecretary12023-08-012024-07-31 12735559business:RegisteredOffice2023-08-012024-07-31 127355592023-07-31 12735559core:WithinOneYear2024-07-31 12735559core:WithinOneYear2023-07-31 12735559core:AfterOneYear2024-07-31 12735559core:AfterOneYear2023-07-31 12735559core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 12735559core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12735559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 12735559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12735559core:PreviouslyStatedAmount2024-07-31 12735559core:PreviouslyStatedAmount2023-07-31 12735559business:SmallEntities2023-08-012024-07-31 12735559countries:EnglandWales2023-08-012024-07-31 12735559core:LandBuildings2023-08-012024-07-31 12735559core:MotorVehicles2023-08-012024-07-31 12735559core:FurnitureFittings2023-08-012024-07-31 12735559core:LandBuildings2023-07-31 12735559core:MotorVehicles2023-07-31 12735559core:FurnitureFittings2023-07-31 12735559core:LandBuildings2024-07-31 12735559core:MotorVehicles2024-07-31 12735559core:FurnitureFittings2024-07-31 127355592022-08-012023-07-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
Bar 2 Hire Ltd Company Information for the year ended 31 July 2024
Directors
David Hiscocks Lisa Hiscocks
Secretary
David 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
- 3 -
Bar 2 Hire Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,076 
19,288 
Current assets
Inventories
2,575 
3,000 
Debtors
803 
1,609 
Cash at bank and in hand
6,158 
11,193 
9,536 
15,802 
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)
Net assets
18,480 
25,328 
Capital and reserves
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
- 4 -
Bar 2 Hire Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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.
- 5 -
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 
Depreciation
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 
Net book value
At 31 July 2024
720 
15,264 
5,092 
21,076 
At 31 July 2023
840 
12,281 
6,167 
19,288 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,609 
Trade debtors
803 
- 
803 
1,609 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,268 
- 
VAT
1,990 
- 
Trade creditors
2,516 
45 
Taxes and social security
1,339 
2,592 
Accruals
1,740 
1,740 
8,853 
4,377 
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).
- 6 -