Registered number: 04443327 | ||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||
Prepared By: | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Brazil Bar Limited trading as Camel Bar | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04443327 | ||||||||
BANKERS | ||||||||
Barclays Bank | ||||||||
ACCOUNTANTS | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Brazil Bar Limited trading as Camel Bar | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MAY 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Brazil Bar Limited trading as Camel Bar | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
691,685 | 635,761 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 606,126 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Capital redemption reserve | 8 | |||||||||
Profit and loss account | 825,455 | 813,786 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Brazil Bar Limited trading as Camel Bar | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Depreciation has not been provided on the freehold property additions as the director is of the opinion that the residual value will be equal to or greater than the carry cost of the property. | ||||||||
Fixtures And Fittings | reducing balance20% | |||||||
Equipment | reducing balance20% | |||||||
Motor Cars | reducing balance25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
Brazil Bar Limited trading as Camel Bar | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Fixtures | |||||||||
Buildings | and Fittings | Equipment | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 1 June 2023 | 200,683 | 65,293 | 7,622 | 19,100 | 292,698 | |||||
Additions | 6,809 | 459 | 6,403 | - | 13,671 | |||||
At 31 May 2024 | 207,492 | 65,752 | 14,025 | 19,100 | 306,369 | |||||
Depreciation | ||||||||||
At 1 June 2023 | - | 63,318 | 5,931 | 15,787 | 85,036 | |||||
For the year | - | 487 | 1,619 | 828 | 2,934 | |||||
At 31 May 2024 | - | 63,805 | 7,550 | 16,615 | 87,970 | |||||
Net Book Amounts | ||||||||||
At 31 May 2024 | 218,399 | |||||||||
At 31 May 2023 | 207,662 | |||||||||
3. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 5,575 | - | ||||||
VAT | - | 10,416 | ||||||
PAYE control | - | 1,898 | ||||||
Other debtors | 5,623 | 5,598 | ||||||
Prepayments | 2,540 | 2,913 | ||||||
Directors current account | 268,932 | - | ||||||
282,670 | 20,825 | |||||||
Brazil Bar Limited trading as Camel Bar | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 17,960 | 7,372 | ||||||
VAT | 32,230 | - | ||||||
PAYE control | 2,524 | - | ||||||
Directors current account | - | 2,395 | ||||||
Trade creditors | 17,994 | 7,308 | ||||||
Pension schemes | 790 | 940 | ||||||
Accruals | 13,129 | 11,620 | ||||||
84,627 | 29,635 | |||||||
6. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 13 | |||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||
8. OTHER RESERVES | 2024 | 2023 | ||||
£ | £ | |||||
Capital redemption reserve | 1 | 1 | ||||
1 | 1 | |||||
9. CONTROLLING PARTY | ||||||||
As the sole shareholder, Tarek Rehima is the controlling party. | ||||||||
Brazil Bar Limited trading as Camel Bar | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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