IRIS Accounts Production v24.3.2.46 13361322 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133613222023-04-30133613222024-04-30133613222023-05-012024-04-30133613222022-04-30133613222022-05-012023-04-30133613222023-04-3013361322ns15:EnglandWales2023-05-012024-04-3013361322ns14:PoundSterling2023-05-012024-04-3013361322ns10:Director12023-05-012024-04-3013361322ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3013361322ns10:SmallEntities2023-05-012024-04-3013361322ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3013361322ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3013361322ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3013361322ns10:FullAccounts2023-05-012024-04-3013361322ns10:OrdinaryShareClass12023-05-012024-04-3013361322ns10:RegisteredOffice2023-05-012024-04-3013361322ns5:CurrentFinancialInstruments2024-04-3013361322ns5:CurrentFinancialInstruments2023-04-3013361322ns5:ShareCapital2024-04-3013361322ns5:ShareCapital2023-04-3013361322ns5:RetainedEarningsAccumulatedLosses2024-04-3013361322ns5:RetainedEarningsAccumulatedLosses2023-04-3013361322ns5:ComputerEquipment2023-05-012024-04-3013361322ns5:ComputerEquipment2023-04-3013361322ns5:ComputerEquipment2024-04-3013361322ns5:ComputerEquipment2023-04-3013361322ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3013361322ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3013361322ns5:DeferredTaxation2023-04-3013361322ns5:DeferredTaxation2023-05-012024-04-3013361322ns5:DeferredTaxation2024-04-3013361322ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 13361322 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MINIBAR PRODUCTS LIMITED

MINIBAR PRODUCTS LIMITED (REGISTERED NUMBER: 13361322)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINIBAR PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J Bell





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 13361322 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

MINIBAR PRODUCTS LIMITED (REGISTERED NUMBER: 13361322)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 5,182 3,637

CURRENT ASSETS
Stocks 63,908 47,713
Debtors 5 101,201 88,897
Cash at bank 34,040 48,266
199,149 184,876
CREDITORS
Amounts falling due within one year 6 44,144 55,297
NET CURRENT ASSETS 155,005 129,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,187

133,216

PROVISIONS FOR LIABILITIES 7 985 691
NET ASSETS 159,202 132,525

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 159,201 132,524
SHAREHOLDERS' FUNDS 159,202 132,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MINIBAR PRODUCTS LIMITED (REGISTERED NUMBER: 13361322)

BALANCE SHEET - continued
30 APRIL 2024


The 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, the Profit and loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





J Bell - Director


MINIBAR PRODUCTS LIMITED (REGISTERED NUMBER: 13361322)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Minibar Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MINIBAR PRODUCTS LIMITED (REGISTERED NUMBER: 13361322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 May 2023 5,255
Additions 2,951
At 30 April 2024 8,206
DEPRECIATION
At 1 May 2023 1,618
Charge for year 1,406
At 30 April 2024 3,024
NET BOOK VALUE
At 30 April 2024 5,182
At 30 April 2023 3,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 34,062 58,601
Directors' current accounts 49,957 21,455
Tax 16,858 7,241
VAT - 611
Prepayments 324 989
101,201 88,897

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 16,111 18,752
Tax 23,866 32,150
Social security and other taxes 339 51
VAT 1,794 -
Accrued expenses 2,034 4,344
44,144 55,297

7. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 985 691

MINIBAR PRODUCTS LIMITED (REGISTERED NUMBER: 13361322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 May 2023 691
Provided during year 294
Balance at 30 April 2024 985

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A R Wyeth.