Registered number
13851060
The Tap Marlborough
Report and Accounts
31 January 2025
The Tap Marlborough
Registered number: 13851060
Director's Report
The director presents his report and accounts for the year ended 31 January 2025.
Principal activities
The company's principal activity during the year continued to be …
Directors
The following persons served as directors during the year:
Mr James Iles
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 11 February 2025 and signed on its behalf.
Mr James Iles
Director
The Tap Marlborough
Accountants' Report
Accountants' report to the director of
The Tap Marlborough
You consider that the company is exempt from an audit for the year ended 31 January 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
SAD Accountants Ltd
Accountants
9 Dart Avenue
Swindon
SN25 3LB
11 February 2025
The Tap Marlborough
Profit and Loss Account
for the year ended 31 January 2025
2025 2024
£ £
Turnover 145,333 126,000
Cost of sales (70,756) (60,372)
Gross profit 74,577 65,628
Administrative expenses (63,351) (61,558)
Operating profit 11,226 4,070
Interest payable - (77)
Profit before taxation 11,226 3,993
Tax on profit - -
Profit for the financial year 11,226 3,993
The Tap Marlborough
Registered number: 13851060
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 16,786 19,221
Current assets
Cash at bank and in hand 3,519 3,668
Creditors: amounts falling due within one year 4 (3,605) (17,415)
Net current liabilities (86) (13,747)
Net assets 16,700 5,474
Capital and reserves
Profit and loss account 16,700 5,474
Shareholder's funds 16,700 5,474
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr James Iles
Director
Approved by the board on 11 February 2025
The Tap Marlborough
Statement of Changes in Equity
for the year ended 31 January 2025
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 February 2023 - - - 1,481 1,481
Profit for the financial year 3,993 3,993
At 31 January 2024 - - - 5,474 5,474
At 1 February 2024 - - - 5,474 5,474
Profit for the financial year 11,226 11,226
At 31 January 2025 - - - 16,700 16,700
The Tap Marlborough
Notes to the Accounts
for the year ended 31 January 2025
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 28,289
Additions 1,250
At 31 January 2025 29,539
Depreciation
At 1 February 2024 9,068
Charge for the year 3,685
At 31 January 2025 12,753
Net book value
At 31 January 2025 16,786
At 31 January 2024 19,221
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 61 254
Taxation and social security costs 3,190 -
Other creditors 354 17,161
3,605 17,415
5 Other information
The Tap Marlborough is a private company limited by shares and incorporated in England. Its registered office is:
8 The Tap
8 Old Hughenden Yard
Marlborough
SN8 1LT
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