7 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12676313 2023-07-01 2024-06-30 12676313 2024-06-30 12676313 2023-06-30 12676313 2022-07-01 2023-06-30 12676313 2023-06-30 12676313 2022-06-30 12676313 core:PlantMachinery 2023-07-01 2024-06-30 12676313 core:FurnitureFittings 2023-07-01 2024-06-30 12676313 core:MotorVehicles 2023-07-01 2024-06-30 12676313 bus:Director1 2023-07-01 2024-06-30 12676313 core:PlantMachinery 2023-06-30 12676313 core:FurnitureFittings 2023-06-30 12676313 core:MotorVehicles 2023-06-30 12676313 core:PlantMachinery 2024-06-30 12676313 core:FurnitureFittings 2024-06-30 12676313 core:MotorVehicles 2024-06-30 12676313 core:AfterOneYear 2024-06-30 12676313 core:AfterOneYear 2023-06-30 12676313 core:WithinOneYear 2024-06-30 12676313 core:WithinOneYear 2023-06-30 12676313 core:RetainedEarningsAccumulatedLosses 2024-06-30 12676313 core:RetainedEarningsAccumulatedLosses 2023-06-30 12676313 core:PlantMachinery 2023-06-30 12676313 core:FurnitureFittings 2023-06-30 12676313 core:MotorVehicles 2023-06-30 12676313 bus:Director1 2023-06-30 12676313 bus:Director1 2024-06-30 12676313 bus:Director1 2022-06-30 12676313 bus:Director1 2023-06-30 12676313 bus:Director1 2022-07-01 2023-06-30 12676313 bus:SmallEntities 2023-07-01 2024-06-30 12676313 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12676313 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12676313 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12676313 bus:FullAccounts 2023-07-01 2024-06-30 12676313 core:OfficeEquipment 2023-07-01 2024-06-30 12676313 core:OfficeEquipment 2023-06-30 12676313 core:OfficeEquipment 2024-06-30 12676313 core:ProducingMines 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 12676313
Village Bar Leisure Limited
Filleted Unaudited Financial Statements
30 June 2024
Village Bar Leisure Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
23,737
15,152
Current assets
Stocks
5,500
5,500
Debtors
6
3,503
4,433
Cash at bank and in hand
6,898
21,058
-------
-------
15,901
30,991
Creditors: amounts falling due within one year
7
20,356
19,581
-------
-------
Net current (liabilities)/assets
( 4,455)
11,410
-------
-------
Total assets less current liabilities
19,282
26,562
Creditors: amounts falling due after more than one year
8
16,921
24,423
-------
-------
Net assets
2,361
2,139
-------
-------
Capital and reserves
Profit and loss account
2,361
2,139
------
------
Shareholders funds
2,361
2,139
------
------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Village Bar Leisure Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 21 March 2025 , and are signed on behalf of the board by:
Mr J Shaw
Director
Company registration number: 12676313
Village Bar Leisure Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 393 Stockport Road, Altrincham, Greater Manchester, WA15 7UR, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Kitchen equipment
-
25% straight line
Fixtures and fittings
-
20% straight line
Motor vehicles
-
25% straight line
Office equipment
-
33% straight line
Plant and machinery
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 5 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Plant and machinery
Total
£
£
£
£
£
£
Cost
At 1 Jul 2023
4,106
6,884
7,800
2,472
2,350
23,612
Additions
16,895
325
17,220
Disposals
( 5,800)
( 5,800)
------
------
-------
------
------
-------
At 30 Jun 2024
4,106
6,884
18,895
2,797
2,350
35,032
------
------
-------
------
------
-------
Depreciation
At 1 Jul 2023
1,554
2,906
2,079
1,339
582
8,460
Charge for the year
924
1,239
2,177
693
581
5,614
Disposals
( 2,779)
( 2,779)
------
------
-------
------
------
-------
At 30 Jun 2024
2,478
4,145
1,477
2,032
1,163
11,295
------
------
-------
------
------
-------
Carrying amount
At 30 Jun 2024
1,628
2,739
17,418
765
1,187
23,737
------
------
-------
------
------
-------
At 30 Jun 2023
2,552
3,978
5,721
1,133
1,768
15,152
------
------
-------
------
------
-------
6. Debtors
2024
2023
£
£
Other debtors
3,503
4,433
------
------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
6,018
6,360
Social security and other taxes
7,936
5,351
Other creditors
6,402
7,870
-------
-------
20,356
19,581
-------
-------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
16,921
24,423
-------
-------
9. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2024
2023
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
38,253
46,143
-------
-------
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
32,656
44,004
-------
-------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Shaw
( 7,522)
9,158
( 7,138)
( 5,502)
------
------
------
------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Shaw
( 8,392)
870
( 7,522)
------
----
----
------