Registered number
07263810
Blackpool Food & Beverages Limited
Unaudited Filleted Accounts
31 July 2024
Blackpool Food & Beverages Limited
Registered number: 07263810
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,793 14,391
10,793 14,391
Current assets
Stocks 188,043 178,452
Debtors 4 51,112 60,329
Cash at bank and in hand 23,997 48,043
263,152 286,824
Creditors: amounts falling due within one year 5 (148,510) (130,102)
Net current assets 114,642 156,722
Total assets less current liabilities 125,435 171,113
Provisions for liabilities (2,051) (1,991)
Net assets 123,384 169,122
Capital and reserves
Called up share capital 100 100
Profit and loss account 123,284 169,022
Shareholders' funds 123,384 169,122
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. M. Shehzan
Director
Approved by the board on 6 February 2025
Blackpool Food & Beverages Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 August 2023 57,168 57,168
Additions - -
Surplus on revaluation - -
Disposals - -
At 31 July 2024 57,168 57,168
Depreciation
At 1 August 2023 42,777 42,777
Charge for the year 3,598 3,598
Surplus on revaluation - -
On disposals - -
At 31 July 2024 46,375 46,375
Net book value
At 31 July 2024 10,793 10,793
At 31 July 2023 14,391 14,391
4 Debtors 2024 2023
£ £
Trade debtors 16,676 30,518
Other debtors 34,436 29,811
51,112 60,329
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 8,762
Trade creditors 32,137 31,736
Taxation and social security costs 21,239 14,282
Other creditors 95,134 75,322
148,510 130,102
6 Other information
Blackpool Food & Beverages Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 George Street West
Luton
Bedfordshire
LU1 2BJ
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