Registered number
11306870
SHEEPSCAR BAR & GRILL LIMITED
Filleted Accounts
30 April 2024
SHEEPSCAR BAR & GRILL LIMITED
Registered number: 11306870
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 100,761 118,543
Current assets
Debtors 4 9,134 18,528
Cash at bank and in hand 220,315 280,563
229,449 299,091
Creditors: amounts falling due within one year 5 (144,536) (141,153)
Net current assets 84,913 157,938
Total assets less current liabilities 185,674 276,481
Creditors: amounts falling due after more than one year 6 (19,359) (30,007)
Net assets 166,315 246,474
Capital and reserves
Called up share capital 5 5
Profit and loss account 166,310 246,469
Shareholders' funds 166,315 246,474
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ravinder Singh Teja
Director
Approved by the board on 20 January 2025
SHEEPSCAR BAR & GRILL LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 136,661 47,389 184,050
At 30 April 2024 136,661 47,389 184,050
Depreciation
At 1 May 2023 56,563 8,944 65,507
Charge for the year 12,015 5,767 17,782
At 30 April 2024 68,578 14,711 83,289
Net book value
At 30 April 2024 68,083 32,678 100,761
At 30 April 2023 80,098 38,445 118,543
4 Debtors 2024 2023
£ £
Trade debtors 9,134 8,528
Other debtors - 10,000
9,134 18,528
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 67,537 32,520
Taxation and social security costs 72,195 100,283
Other creditors 4,804 8,350
144,536 141,153
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,359 30,007
7 Controlling party
The company is controlled by the director.
8 Other information
SHEEPSCAR BAR & GRILL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Sheepscar Club
Saville Drive
Leeds
West Yorkshire
LS7 3EJ
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