Bar Advertising Europe Ltd 14687770 false 2023-02-24 2024-02-29 2024-02-29 The principal activity of the company is that of advertising. Digita Accounts Production Advanced 6.30.9574.0 true 14687770 2023-02-24 2024-02-29 14687770 2024-02-29 14687770 bus:Director1 2024-02-29 14687770 bus:Director2 2024-02-29 14687770 bus:OrdinaryShareClass1 2024-02-29 14687770 core:CurrentFinancialInstruments 2024-02-29 14687770 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 14687770 core:FurnitureFittingsToolsEquipment 2024-02-29 14687770 1 2024-02-29 14687770 bus:SmallEntities 2023-02-24 2024-02-29 14687770 bus:AuditExemptWithAccountantsReport 2023-02-24 2024-02-29 14687770 bus:FullAccounts 2023-02-24 2024-02-29 14687770 bus:SmallCompaniesRegimeForAccounts 2023-02-24 2024-02-29 14687770 bus:RegisteredOffice 2023-02-24 2024-02-29 14687770 bus:Director1 2023-02-24 2024-02-29 14687770 bus:Director2 2023-02-24 2024-02-29 14687770 bus:OrdinaryShareClass1 2023-02-24 2024-02-29 14687770 bus:PrivateLimitedCompanyLtd 2023-02-24 2024-02-29 14687770 bus:Agent1 2023-02-24 2024-02-29 14687770 core:FurnitureFittingsToolsEquipment 2023-02-24 2024-02-29 14687770 core:OfficeEquipment 2023-02-24 2024-02-29 14687770 countries:EnglandWales 2023-02-24 2024-02-29 14687770 1 2023-02-24 2024-02-29 14687770 1 2023-02-23 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14687770

Bar Advertising Europe Ltd

Annual Report and Unaudited Financial Statements

for the Period from 24 February 2023 to 29 February 2024

 

Bar Advertising Europe Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 9

 

Bar Advertising Europe Ltd

Company Information

Directors

Mr Justin John Williams

Mrs Kate Louise Williams

Registered office

8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

Accountants

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

 

Bar Advertising Europe Ltd

Directors' Report for the Period from 24 February 2023 to 29 February 2024

The directors present their report and the financial statements for the period from 24 February 2023 to 29 February 2024.

Incorporation

The company was incorporated and commenced trading on 24 February 2023.

Directors of the company

The directors who held office during the period were as follows:

Mr Justin John Williams (appointed 24 February 2023)

Mrs Kate Louise Williams (appointed 10 May 2023)

Principal activity

The principal activity of the company is that of advertising.

Small companies provision statement

This report has 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.

Approved by the Board on 21 February 2025 and signed on its behalf by:

.........................................
Mr Justin John Williams
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bar Advertising Europe Ltd
for the Period Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bar Advertising Europe Ltd for the period ended 29 February 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Bar Advertising Europe Ltd, as a body, in accordance with the terms of our engagement letter dated 17 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Bar Advertising Europe Ltd and state those matters that we have agreed to state to the Board of Directors of Bar Advertising Europe Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bar Advertising Europe Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bar Advertising Europe Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bar Advertising Europe Ltd. You consider that Bar Advertising Europe Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Bar Advertising Europe Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

21 February 2025

 

Bar Advertising Europe Ltd

(Registration number: 14687770)
Balance Sheet as at 29 February 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

485

Current assets

 

Debtors

6

14,305

Cash at bank and in hand

 

3,109

 

17,414

Creditors: Amounts falling due within one year

7

(4,154)

Net current assets

 

13,260

Total assets less current liabilities

 

13,745

Provisions for liabilities

(93)

Net assets

 

13,652

Capital and reserves

 

Called up share capital

8

1

Retained earnings

13,651

Shareholders' funds

 

13,652

For the financial period ending 29 February 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 period 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.

Approved and authorised by the Board on 21 February 2025 and signed on its behalf by:
 

.........................................
Mr Justin John Williams
Director

 

Bar Advertising Europe Ltd

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 29 February 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:
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

These financial statements were authorised for issue by the Board on 21 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.

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.

 

Bar Advertising Europe Ltd

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 29 February 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

Office equipment

3 years straight line

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.

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.

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.

 

Bar Advertising Europe Ltd

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 29 February 2024

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company during the period, was 2.

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

29

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

514

514

At 29 February 2024

514

514

Depreciation

Charge for the period

29

29

At 29 February 2024

29

29

Carrying amount

At 29 February 2024

485

485

 

Bar Advertising Europe Ltd

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 29 February 2024

6

Debtors

2024
£

Other debtors

14,305

14,305

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Taxation and social security

 

4,154

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary share of £1 each

1

1

   

9

Related party transactions

Transactions with directors

2024

At 24 February 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

Loan to directors

-

46,470

(32,782)

13,688

 

Interest has been charged at HMRC's beneficial loan interest rates on balances in excess of £10,000. The loan is repayable on demand.

 

Bar Advertising Europe Ltd

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 29 February 2024

Loans to related parties


Storethelot Limited
Included within debtors is an amount of £615 due from Storethelot Limited, a company connected by virtue of common directorship.