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REGISTERED NUMBER: 10300470 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

BRIGHTON BARS LIMITED

BRIGHTON BARS LIMITED (REGISTERED NUMBER: 10300470)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRIGHTON BARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs J Guille
S N Guille





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 10300470 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

BRIGHTON BARS LIMITED (REGISTERED NUMBER: 10300470)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 680 1,052

CURRENT ASSETS
Stocks 4 12,260 18,000
Debtors 5 10,819 20,808
Cash at bank 7,096 34,745
30,175 73,553
CREDITORS
Amounts falling due within one year 6 79,235 92,745
NET CURRENT LIABILITIES (49,060 ) (19,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,380

)

(18,140

)

CREDITORS
Amounts falling due after more than one
year

7

10,399

20,542
NET LIABILITIES (58,779 ) (38,682 )

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings (58,788 ) (38,691 )
(58,779 ) (38,682 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





Mrs J Guille - Director


BRIGHTON BARS LIMITED (REGISTERED NUMBER: 10300470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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 Income Statement, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 1,683 902 1,132 3,717
DEPRECIATION
At 1 August 2023 1,092 441 1,132 2,665
Charge for year 148 224 - 372
At 31 July 2024 1,240 665 1,132 3,037
NET BOOK VALUE
At 31 July 2024 443 237 - 680
At 31 July 2023 591 461 - 1,052

4. STOCKS
2024 2023
£    £   
Stocks 12,260 18,000

BRIGHTON BARS LIMITED (REGISTERED NUMBER: 10300470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,967 5,285
Directors' loan accounts - 15,523
Tax 852 -
10,819 20,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,656 39,932
Tax - 718
Social security and other taxes 20,853 15,029
VAT 17,904 27,813
Other creditors - 27
Directors' loan accounts 15,002 6,587
Accrued expenses 2,820 2,639
79,235 92,745

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,399 10,271
Bank loans - 2-5 years - 10,271
10,399 20,542

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
S N Guille
Balance outstanding at start of year 15,522 15,658
Amounts advanced 591 364
Amounts repaid (23,790 ) (500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,677 ) 15,522

This balance represented the maximum amount outstanding during the year and is repayable on demand.

During the year, Mrs J Guille increased her loan to the company. As at 31 July 2024, the company owed her £7,325 (2023: £6,586). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J Guille.

This was by virtue of her 100% holding of the issued share capital.

BRIGHTON BARS LIMITED (REGISTERED NUMBER: 10300470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

10. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £49,060.

The validity of this basis depends upon the continued support of the company's directors. The directors confirms that they will give the required support.