Company registration number 12021767 (England and Wales)
Filey Sports Bar Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 May 2024
PAGES FOR FILING WITH REGISTRAR
Filey Sports Bar Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Filey Sports Bar Limited
Statement Of Financial Position
as at 31 May 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
46,800
Tangible assets
4
3,877
5,515
3,877
52,315
Current assets
Stocks
-
2,876
Debtors
134,422
134,674
Cash at bank and in hand
1,169
14,108
135,591
151,658
Creditors: amounts falling due within one year
(24,469)
(86,467)
Net current assets
111,122
65,191
Total assets less current liabilities
114,999
117,506
Creditors: amounts falling due after more than one year
(10,000)
(20,000)
Net assets
104,999
97,506
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
104,899
97,406
Total equity
104,999
97,506
Filey Sports Bar Limited
Statement Of Financial Position (continued)
as at 31 May 2024
31 May 2024
- 2 -

For the financial year ended 31 May 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 February 2025 and are signed on its behalf by:
L Watson
Director
Company registration number 12021767 (England and Wales)
Filey Sports Bar Limited
Notes to the financial statements
for the year ended 31 May 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

These financial statements for the year ended 31 May 2024 are the first financial statements of Filey Sports Bar Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 June 2022. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance
Computers
20% reducing balance
Motor vehicles
25% reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

The tax expense represents the sum of the tax currently payable.

Filey Sports Bar Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
1
Accounting policies
(continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
5
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2023
78,000
Disposals
(78,000)
At 31 May 2024
-
0
Amortisation and impairment
At 1 June 2023
31,200
Disposals
(31,200)
At 31 May 2024
-
0
Carrying amount
At 31 May 2024
-
0
At 31 May 2023
46,800
Filey Sports Bar Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 5 -
4
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2023
1,000
710
13,000
14,710
Additions
3,240
-
0
-
0
3,240
Disposals
(4,240)
-
0
-
0
(4,240)
At 31 May 2024
-
0
710
13,000
13,710
Depreciation and impairment
At 1 June 2023
624
256
8,315
9,195
Depreciation charged in the year
-
0
91
1,171
1,262
Eliminated in respect of disposals
(624)
-
0
-
0
(624)
At 31 May 2024
-
0
347
9,486
9,833
Carrying amount
At 31 May 2024
-
0
363
3,514
3,877
At 31 May 2023
376
454
4,685
5,515
5
Company information

Filey Sports Bar Limited is a private company limited by shares incorporated in England and Wales. The registered office is Station Avenue, Filey, North Yorkshire, YO14 9AQ.

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