S&V Bars Ltd 15081846 false 2023-08-18 2024-08-31 2024-08-31 The principal activity of the company is public house. Digita Accounts Production Advanced 6.30.9574.0 true 15081846 2023-08-18 2024-08-31 15081846 2024-08-31 15081846 core:CurrentFinancialInstruments 2024-08-31 15081846 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 15081846 core:FurnitureFittingsToolsEquipment 2024-08-31 15081846 core:OtherPropertyPlantEquipment 2024-08-31 15081846 bus:SmallEntities 2023-08-18 2024-08-31 15081846 bus:AuditExemptWithAccountantsReport 2023-08-18 2024-08-31 15081846 bus:AbridgedAccounts 2023-08-18 2024-08-31 15081846 bus:SmallCompaniesRegimeForAccounts 2023-08-18 2024-08-31 15081846 bus:RegisteredOffice 2023-08-18 2024-08-31 15081846 bus:Director1 2023-08-18 2024-08-31 15081846 bus:Director2 2023-08-18 2024-08-31 15081846 bus:PrivateLimitedCompanyLtd 2023-08-18 2024-08-31 15081846 bus:Agent1 2023-08-18 2024-08-31 15081846 core:FurnitureFittings 2023-08-18 2024-08-31 15081846 core:FurnitureFittingsToolsEquipment 2023-08-18 2024-08-31 15081846 core:OtherPropertyPlantEquipment 2023-08-18 2024-08-31 15081846 core:PlantMachinery 2023-08-18 2024-08-31 15081846 countries:AllCountries 2023-08-18 2024-08-31 iso4217:GBP xbrli:pure

Registration number: 15081846

S&V Bars Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 18 August 2023 to 31 August 2024

 

S&V Bars Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

S&V Bars Ltd

Company Information

Directors

Mr Simon Stephen John Belsey

Ms Vanda Maria Vieira Tavares De Oliveira

Registered office

1 St Martins Street
Hereford
HR2 7RD

Accountants

Inn Control Hospitality Accountants Limited 10 Cheyne Walk
Northampton
Northamptonshire
NN1 5PT

 

S&V Bars Ltd

(Registration number: 15081846)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

1,416

Current assets

 

Stocks

6

4,146

Debtors

2,500

Cash at bank and in hand

 

4,282

 

10,928

Creditors: Amounts falling due within one year

(12,835)

Net current liabilities

 

(1,907)

Total assets less current liabilities

 

(491)

Accruals and deferred income

 

(132)

Net liabilities

 

(623)

Capital and reserves

 

Called up share capital

2

Retained earnings

(625)

Shareholders' deficit

 

(623)

For the financial period ending 31 August 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option to not file the profit and loss account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 16 April 2025 and signed on its behalf by:
 

 

S&V Bars Ltd

(Registration number: 15081846)
Abridged Balance Sheet as at 31 August 2024

.........................................
Mr Simon Stephen John Belsey
Director

 

S&V Bars Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 18 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and wales.

The address of its registered office is:
1 St Martins Street
Hereford
HR2 7RD
England and Wales

These financial statements were authorised for issue by the Board on 16 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

S&V Bars Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 18 August 2023 to 31 August 2024

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and
provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value
added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and
installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture & Fixtures

15% Straight line Method

Plant & machinery

15% Straight line Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.

 

S&V Bars Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 18 August 2023 to 31 August 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised
cost using the effective interest method, less provision for impairment. A provision for the impairment of trade
debtors is established when there is objective evidence that the company will not be able to collect all
amounts due according to the original terms of the receivables.

Stocks

determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct
labour costs and those overheads that have been incurred in bringing the inventories to their present location
and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying
amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised
immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the company does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve
months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

S&V Bars Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 18 August 2023 to 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is
deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

54

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

154

1,317

1,471

At 31 August 2024

154

1,317

1,471

Depreciation

Charge for the period

6

49

55

At 31 August 2024

6

49

55

Carrying amount

At 31 August 2024

148

1,268

1,416

6

Stocks

2024
£

Other inventories

4,146