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Registered number: 13506110
A H Taprooms Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Quest Accounting Services Limited
Suite 106, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1BP
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A H Taprooms Ltd for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of A H Taprooms Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A H Taprooms Ltd and state those matters that we have agreed to state to the director of A H Taprooms Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that A H Taprooms Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A H Taprooms Ltd . You consider that A H Taprooms Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of A H Taprooms Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
30th April 2025
Quest Accounting Services Limited
Suite 106, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1BP
Page 1
Page 2
Balance Sheet
Registered number: 13506110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,000 10,000
Tangible Assets 5 1,910 2,896
6,910 12,896
CURRENT ASSETS
Stocks 6 2,943 2,550
Debtors 7 1,875 2,579
Cash at bank and in hand 44,762 37,124
49,580 42,253
Creditors: Amounts Falling Due Within One Year 8 (10,257 ) (12,529 )
NET CURRENT ASSETS (LIABILITIES) 39,323 29,724
TOTAL ASSETS LESS CURRENT LIABILITIES 46,233 42,620
Creditors: Amounts Falling Due After More Than One Year 9 (20,000 ) (20,000 )
NET ASSETS 26,233 22,620
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 26,133 22,520
SHAREHOLDERS' FUNDS 26,233 22,620
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Page 3
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Harn
Director
30th April 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
A H Taprooms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13506110 . The registered office is 8 Market Square, Chesham, Buckinghamshire, HP5 1ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to the profit and loss account over its estimated economic life of 4 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 20,000
As at 31 July 2024 20,000
Amortisation
As at 1 August 2023 10,000
Provided during the period 5,000
As at 31 July 2024 15,000
Net Book Value
As at 31 July 2024 5,000
As at 1 August 2023 10,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 946 2,998 3,944
As at 31 July 2024 946 2,998 3,944
Depreciation
As at 1 August 2023 236 812 1,048
Provided during the period 236 750 986
As at 31 July 2024 472 1,562 2,034
Net Book Value
As at 31 July 2024 474 1,436 1,910
As at 1 August 2023 710 2,186 2,896
6. Stocks
2024 2023
£ £
Stock 2,943 2,550
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 704
Due after more than one year
Other debtors 1,875 1,875
1,875 2,579
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 4,175 5,495
VAT 5,628 6,970
Pensions 44 -
Director's loan account 410 64
10,257 12,529
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 20,000 20,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
At the balance sheet date, the company owed its directors £20,410 (2022: £20,064). This loan is unsecured, interest free and has no fixed repayment terms.
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