Bigfoot Pub Co Ltd 10200723 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Public House/Bar Digita Accounts Production Advanced 6.30.9574.0 true 10200723 2023-06-01 2024-05-31 10200723 2024-05-31 10200723 core:CurrentFinancialInstruments 2024-05-31 10200723 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10200723 core:Non-currentFinancialInstruments 2024-05-31 10200723 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 10200723 core:FurnitureFittingsToolsEquipment 2024-05-31 10200723 core:LandBuildings 2024-05-31 10200723 core:OtherPropertyPlantEquipment 2024-05-31 10200723 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-05-31 10200723 bus:SmallEntities 2023-06-01 2024-05-31 10200723 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10200723 bus:FilletedAccounts 2023-06-01 2024-05-31 10200723 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10200723 bus:RegisteredOffice 2023-06-01 2024-05-31 10200723 bus:Director1 2023-06-01 2024-05-31 10200723 bus:Director2 2023-06-01 2024-05-31 10200723 bus:Director3 2023-06-01 2024-05-31 10200723 bus:Director4 2023-06-01 2024-05-31 10200723 bus:Director5 2023-06-01 2024-05-31 10200723 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10200723 core:Buildings 2023-06-01 2024-05-31 10200723 core:ComputerEquipment 2023-06-01 2024-05-31 10200723 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 10200723 core:LandBuildings 2023-06-01 2024-05-31 10200723 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 10200723 core:PlantMachinery 2023-06-01 2024-05-31 10200723 core:KeyManagementPersonnel 2023-06-01 2024-05-31 10200723 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-01 2024-05-31 10200723 countries:EnglandWales 2023-06-01 2024-05-31 10200723 2023-05-31 10200723 core:FurnitureFittingsToolsEquipment 2023-05-31 10200723 core:LandBuildings 2023-05-31 10200723 core:OtherPropertyPlantEquipment 2023-05-31 10200723 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-31 10200723 2022-06-01 2023-05-31 10200723 2023-05-31 10200723 core:CurrentFinancialInstruments 2023-05-31 10200723 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 10200723 core:Non-currentFinancialInstruments 2023-05-31 10200723 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 10200723 core:FurnitureFittingsToolsEquipment 2023-05-31 10200723 core:LandBuildings 2023-05-31 10200723 core:OtherPropertyPlantEquipment 2023-05-31 10200723 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-31 10200723 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-06-01 2023-05-31 10200723 2022-05-31 10200723 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 10200723

Bigfoot Pub Co Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

image-name
 

Bigfoot Pub Co Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 10

 

Bigfoot Pub Co Ltd

Company Information

Directors

Mr Aaron Williams

Mr Jack Bryan Cregan

Mr Nicholas Matthew Vardy

Mr Douglas Lyons

Mr Simon Duddington

Registered office

Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Bigfoot Pub Co Ltd

(Registration number: 10200723)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

83,123

91,426

Current assets

 

Stocks

5

12,434

15,674

Debtors

6

32,673

37,126

Cash at bank and in hand

 

64,083

79,554

 

109,190

132,354

Creditors: Amounts falling due within one year

7

(125,089)

(148,883)

Net current liabilities

 

(15,899)

(16,529)

Total assets less current liabilities

 

67,224

74,897

Creditors: Amounts falling due after more than one year

7

(48,281)

(21,612)

Provisions for liabilities

(8,461)

(9,281)

Net assets

 

10,482

44,004

Capital and Reserves

 

Called up share capital

10

10

Retained Earnings

10,472

43,994

Shareholders' funds

 

10,482

44,004

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

 

Bigfoot Pub Co Ltd

(Registration number: 10200723)
Balance Sheet as at 31 May 2024

.........................................
Mr Aaron Williams
Director

.........................................
Mr Douglas Lyons
Director

.........................................
Mr Jack Bryan Cregan
Director

.........................................
Mr Simon Duddington
Director

.........................................
Mr Nicholas Matthew Vardy
Director

     
 

Bigfoot Pub Co Ltd

Notes to the Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
England

These financial statements were authorised for issue by the Board on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Bigfoot Pub Co Ltd

Notes to the Financial Statements for the Year Ended 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold Improvements

7% on cost

Furniture and equipment

25% on reducing balance

Plant and machinery

25% on reducing balance

Computer equipment

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Bigfoot Pub Co Ltd

Notes to the Financial Statements for the Year Ended 31 May 2024

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Bigfoot Pub Co Ltd

Notes to the Financial Statements for the Year Ended 31 May 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

2024
 No.

2023
 No.

Administration and support

5

5

5

5

4

Tangible Assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

99,837

46,590

59,145

205,572

Additions

1,152

6,423

3,032

10,607

Disposals

-

(350)

-

(350)

At 31 May 2024

100,989

52,663

62,177

215,829

Depreciation

At 1 June 2023

45,533

27,389

41,224

114,146

Charge for the year

7,069

6,341

5,238

18,648

Eliminated on disposal

-

(88)

-

(88)

At 31 May 2024

52,602

33,642

46,462

132,706

Carrying amount

At 31 May 2024

48,387

19,021

15,715

83,123

At 31 May 2023

54,304

19,201

17,921

91,426

 

Bigfoot Pub Co Ltd

Notes to the Financial Statements for the Year Ended 31 May 2024

5

Stocks

2024
£

2023
£

Other inventories

12,434

15,674

6

Debtors

Current

2024
£

2023
£

Trade Debtors

-

358

Prepayments

6,391

3,368

Other debtors

26,282

33,400

 

32,673

37,126

 

Bigfoot Pub Co Ltd

Notes to the Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
 £

2023
 £

Due within one year

 

Loans and borrowings

8

27,281

16,622

Trade Creditors

 

8,982

29,028

Social security and other taxes

 

13,311

3,489

Other payables

 

46,112

53,216

Accrued expenses

 

3,402

2,100

Corporation tax liability

26,001

44,428

 

125,089

148,883

Due after one year

 

Loans and borrowings

8

48,281

21,612

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

48,281

21,612

Current loans and borrowings

2024
£

2023
£

Bank borrowings

21,308

10,649

Other borrowings

5,973

5,973

27,281

16,622

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £102,500 (2023 - £182,500). This represents the total of operating leases commitments over the remaining term expiring in 2031.

 

Bigfoot Pub Co Ltd

Notes to the Financial Statements for the Year Ended 31 May 2024

10

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

At start of period

8,002

8,002

Advanced

12,572

12,572

Repaid

(8,002)

(8,002)

At end of period

12,572

12,572

2023

Key management
£

Total
£

Advanced

8,002

8,002

At end of period

8,002

8,002

Terms of loans to related parties

During the year the compnay made funds available to the directors. These loans are interest free, unsecured, and repayable on demand.
 

Loans from related parties

2024

Key management
£

Total
£

At start of period

5,973

5,973

At end of period

5,973

5,973

2023

Key management
£

Total
£

At start of period

6,410

6,410

Repaid

(437)

(437)

At end of period

5,973

5,973

Terms of loans from related parties

During the year the directors made funds available to the company to assist with the provision of working capital. These loans are interest free, unsecured, and repayable on demand.