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WELCOME TAVERNS LIMITED

Registered Number
05893366
(England and Wales)

Unaudited Financial Statements for the Year ended
30 July 2024

WELCOME TAVERNS LIMITED
Company Information
for the year from 31 July 2023 to 30 July 2024

Director

LEE, Daniel Joshua

Registered Address

272 The Thomas Egerton
272 Blackburn Road
Bolton
BL7 9SR

Registered Number

05893366 (England and Wales)
WELCOME TAVERNS LIMITED
Balance Sheet as at
30 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets398,25063,292
98,25063,292
Current assets
Stocks418,70014,603
Debtors515,12015,132
Cash at bank and on hand23,92342,007
57,74371,742
Creditors amounts falling due within one year6(226,314)(193,162)
Net current assets (liabilities)(168,571)(121,420)
Total assets less current liabilities(70,321)(58,128)
Creditors amounts falling due after one year7(38,134)(27,085)
Net assets(108,455)(85,213)
Capital and reserves
Called up share capital100100
Profit and loss account(108,555)(85,313)
Shareholders' funds(108,455)(85,213)
The financial statements were approved and authorised for issue by the Director on 10 April 2025, and are signed on its behalf by:
LEE, Daniel Joshua
Director
Registered Company No. 05893366
WELCOME TAVERNS LIMITED
Notes to the Financial Statements
for the year ended 30 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Land and buildings10
Plant and machinery25
Fixtures and fittings25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year3326
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 31 July 23196,733118,34581,3346,347402,759
Additions17,073-36,571-53,644
At 30 July 24213,806118,345117,9056,347456,403
Depreciation and impairment
At 31 July 23143,486115,30174,4916,189339,467
Charge for year7,03376110,8543818,686
At 30 July 24150,519116,06285,3456,227358,153
Net book value
At 30 July 2463,2872,28332,56012098,250
At 30 July 2353,2473,0446,84315863,292
4.Stocks

2024

2023

££
Finished goods18,70014,603
Total18,70014,603
5.Debtors: amounts due within one year

2024

2023

££
Other debtors7,8217,821
Prepayments and accrued income7,2997,311
Total15,12015,132
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables151,176119,306
Bank borrowings and overdrafts10,64810,648
Taxation and social security42,80842,539
Other creditors49410
Accrued liabilities and deferred income21,63320,259
Total226,314193,162
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts9,08319,026
Other creditors29,0518,059
Total38,13427,085
8.Operating lease commitments
At 30 July 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £228,237 (2023 – £266,276)