1 April 2023 false Taxfiler 2024.6 11269519business:PrivateLimitedCompanyLtd2023-04-012024-03-31 112695192023-03-31 112695192023-04-012024-03-31 11269519business:AuditExemptWithAccountantsReport2023-04-012024-03-31 11269519business:FilletedAccounts2023-04-012024-03-31 112695192024-03-31 11269519business:Director12023-04-012024-03-31 11269519business:RegisteredOffice2023-04-012024-03-31 112695192023-03-31 11269519core:WithinOneYear2024-03-31 11269519core:WithinOneYear2023-03-31 11269519core:AfterOneYear2024-03-31 11269519core:AfterOneYear2023-03-31 11269519core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11269519core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11269519core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11269519core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11269519core:PreviouslyStatedAmount2024-03-31 11269519core:PreviouslyStatedAmount2023-03-31 11269519business:SmallEntities2023-04-012024-03-31 11269519countries:EnglandWales2023-04-012024-03-31 11269519core:LandBuildings2023-04-012024-03-31 11269519core:PlantMachinery2023-04-012024-03-31 11269519core:FurnitureFittings2023-04-012024-03-31 11269519core:LandBuildings2023-03-31 11269519core:PlantMachinery2023-03-31 11269519core:FurnitureFittings2023-03-31 11269519core:LandBuildings2024-03-31 11269519core:PlantMachinery2024-03-31 11269519core:FurnitureFittings2024-03-31 11269519business:OrdinaryShareClass12023-04-012024-03-31 11269519business:OrdinaryShareClass12022-04-012023-03-31 112695192022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11269519 (England and Wales)
Gin Gin Bar Ltd Unaudited accounts for the year ended 31 March 2024
Gin Gin Bar Ltd Unaudited accounts Contents
Page
- 2 -
Gin Gin Bar Ltd Company Information for the year ended 31 March 2024
Director
Martyn Finnagan
Company Number
11269519 (England and Wales)
Registered Office
1 MILNROW ROAD SHAW OLDHAM OL2 8AP UNITED KINGDOM
Accountants
Oliver Meyers FMAAT 49 Mills Hill Road Middleton Manchester M24 2EF
- 3 -
Gin Gin Bar Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,529 
30,090 
Current assets
Inventories
2,820 
2,820 
Debtors
- 
2,477 
Cash at bank and in hand
4,365 
2,770 
7,185 
8,067 
Creditors: amounts falling due within one year
(4,269)
(13,557)
Net current assets/(liabilities)
2,916 
(5,490)
Total assets less current liabilities
30,445 
24,600 
Creditors: amounts falling due after more than one year
(8,414)
(8,414)
Net assets
22,031 
16,186 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,931 
16,086 
Shareholders' funds
22,031 
16,186 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 18 January 2025 and were signed on its behalf by
Martyn Finnagan Director Company Registration No. 11269519
- 4 -
Gin Gin Bar Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Gin Gin Bar Ltd is a private company, limited by shares, registered in England and Wales, registration number 11269519. The registered office is 1 MILNROW ROAD, SHAW, OLDHAM, OL2 8AP, 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.
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.
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
No depreciation
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
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 -
Gin Gin Bar Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
13,031 
13,299 
19,409 
45,739 
At 31 March 2024
13,031 
13,299 
19,409 
45,739 
Depreciation
At 1 April 2023
- 
5,662 
9,987 
15,649 
Charge for the year
- 
1,146 
1,415 
2,561 
At 31 March 2024
- 
6,808 
11,402 
18,210 
Net book value
At 31 March 2024
13,031 
6,491 
8,007 
27,529 
At 31 March 2023
13,031 
7,637 
9,422 
30,090 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,477 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,150 
- 
Loans from directors
2,469 
12,157 
Accruals
650 
1,400 
4,269 
13,557 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
8,414 
8,414 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Included within other long term creditors is a loan of £8,414 (2023: £8,414) owed to the parent company, Direct Inspections Ltd. This loan has no set repayment date and is interest free. All transactions have taken place on an arms length basis.
- 6 -
Gin Gin Bar Ltd Notes to the Accounts for the year ended 31 March 2024
10
Controlling party
The ultimate controlling party is Direct Inspections Ltd, a company that is registered and trades in the UK.
11
Average number of employees
During the year the average number of employees was 1 (2023: 2).
- 7 -