Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04857461 Mrs Gwenda Evans Mr Gerald Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04857461 2023-07-31 04857461 2024-07-31 04857461 2023-08-01 2024-07-31 04857461 frs-core:Non-currentFinancialInstruments 2024-07-31 04857461 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04857461 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04857461 frs-core:MotorVehicles 2023-08-01 2024-07-31 04857461 frs-core:ShareCapital 2024-07-31 04857461 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04857461 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04857461 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 04857461 frs-bus:SmallEntities 2023-08-01 2024-07-31 04857461 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04857461 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04857461 frs-bus:Director1 2023-08-01 2024-07-31 04857461 frs-bus:Director2 2023-08-01 2024-07-31 04857461 frs-countries:EnglandWales 2023-08-01 2024-07-31 04857461 2022-07-31 04857461 2023-07-31 04857461 2022-08-01 2023-07-31 04857461 frs-core:Non-currentFinancialInstruments 2023-07-31 04857461 frs-core:ShareCapital 2023-07-31 04857461 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04857461
The Bush Inn Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
1st Floor
Brook House, Brook Road
Whitchurch
Cardiff
CF14 1DU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04857461
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 356,654 344,888
356,654 344,888
CURRENT ASSETS
Stocks 7,000 7,000
Debtors 3,781 23,254
Cash at bank and in hand 87,140 115,594
97,921 145,848
Creditors: Amounts Falling Due Within One Year (38,546 ) (73,355 )
NET CURRENT ASSETS (LIABILITIES) 59,375 72,493
TOTAL ASSETS LESS CURRENT LIABILITIES 416,029 417,381
Creditors: Amounts Falling Due After More Than One Year (2,680 ) (11,374 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,163 ) (3,502 )
NET ASSETS 408,186 402,505
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 408,086 402,405
SHAREHOLDERS' FUNDS 408,186 402,505
Page 1
Page 2
For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Gerald Evans
Director
28/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
The Bush Inn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04857461 . The registered office is Main Road, Llantwit Fardre, Pontypridd, Rhondda Cynon Taff, CF38 2EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight line
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 12 13
12 13
4. Tangible Assets
Total
£
Cost
As at 1 August 2023 433,917
Additions 38,686
As at 31 July 2024 472,603
Depreciation
As at 1 August 2023 89,029
Provided during the period 26,920
As at 31 July 2024 115,949
Net Book Value
As at 31 July 2024 356,654
As at 1 August 2023 344,888
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4