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Registration number: 08455215

Alcuin of York Ltd TA Golden Lion

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

image-name
 

Alcuin of York Ltd TA Golden Lion

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Alcuin of York Ltd TA Golden Lion

Company Information

Director

Mr Christie Frederick Connelly

Registered office

The Golden Lion
West End , Osmotherley
Northallerton
North Yorkshire
DL6 3AA

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants81 Borough Road
Middlesbrough
TS1 3AA

 

Alcuin of York Ltd TA Golden Lion

(Registration number: 08455215)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

90,000

100,000

Tangible assets

5

62,528

58,032

 

152,528

158,032

Current assets

 

Stocks

6

6,293

6,293

Debtors

7

6,395

489

Cash at bank and in hand

 

145,344

140,781

 

158,032

147,563

Creditors: Amounts falling due within one year

8

(145,749)

(120,056)

Net current assets

 

12,283

27,507

Total assets less current liabilities

 

164,811

185,539

Creditors: Amounts falling due after more than one year

8

(17,545)

(29,703)

Provisions for liabilities

(6,447)

(6,676)

Net assets

 

140,819

149,160

Capital and reserves

 

Called up share capital

101

101

Retained earnings

140,718

149,059

Shareholders' funds

 

140,819

149,160

For the financial 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.

 

Alcuin of York Ltd TA Golden Lion

(Registration number: 08455215)
Balance Sheet as at 31 July 2024 (continued)

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 April 2025
 

.........................................
Mr Christie Frederick Connelly
Director

 

Alcuin of York Ltd TA Golden Lion

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

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

The address of its registered office is:
The Golden Lion
West End , Osmotherley
Northallerton
North Yorkshire
DL6 3AA

These financial statements were authorised for issue by the director 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 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 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.

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.

 

Alcuin of York Ltd TA Golden Lion

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Plant and machinery

25% Straight line

Fixture and fittings

15% Reducing balance

Office equipment

33% Straight line

Leasehold improvements

5% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Alcuin of York Ltd TA Golden Lion

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% Straight line

 

Alcuin of York Ltd TA Golden Lion

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 20 (2023 - 20).

 

Alcuin of York Ltd TA Golden Lion

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2023

200,000

200,000

At 31 July 2024

200,000

200,000

Amortisation

At 1 August 2023

100,000

100,000

Amortisation charge

10,000

10,000

At 31 July 2024

110,000

110,000

Carrying amount

At 31 July 2024

90,000

90,000

At 31 July 2023

100,000

100,000

 

Alcuin of York Ltd TA Golden Lion

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

5

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 August 2023

34,652

98,581

84,381

10,499

Additions

-

567

16,386

420

At 31 July 2024

34,652

99,148

100,767

10,919

Depreciation

At 1 August 2023

13,511

68,198

80,124

8,415

Charge for the year

1,057

4,558

5,813

1,424

At 31 July 2024

14,568

72,756

85,937

9,839

Carrying amount

At 31 July 2024

20,084

26,392

14,830

1,080

At 31 July 2023

21,141

30,383

4,257

2,084

 

Alcuin of York Ltd TA Golden Lion

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

5

Tangible assets (continued)

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

849

228,962

Additions

-

17,373

At 31 July 2024

849

246,335

Depreciation

At 1 August 2023

682

170,930

Charge for the year

25

12,877

At 31 July 2024

707

183,807

Carrying amount

At 31 July 2024

142

62,528

At 31 July 2023

167

58,032

Included within the net book value of land and buildings above is £20,084 (2023 - £21,141) in respect of long leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Raw materials and consumables

6,293

6,293

7

Debtors

Current

2024
£

2023
£

Trade debtors

6,395

489

 

6,395

489

 

Alcuin of York Ltd TA Golden Lion

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

11,160

11,160

Trade creditors

 

62,108

37,587

Taxation and social security

 

47,576

56,891

Accruals and deferred income

 

24,075

12,211

Other creditors

 

830

2,207

 

145,749

120,056

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

17,545

29,703