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COMPANY REGISTRATION NUMBER: 06671899
LODGE TAVERNS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
LODGE TAVERNS LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
17,174
19,088
CURRENT ASSETS
Stocks
8,740
9,915
Debtors
6
8,688
2,535
Cash at bank and in hand
88,703
90,737
---------
---------
106,131
103,187
CREDITORS: amounts falling due within one year
7
24,736
35,479
---------
---------
NET CURRENT ASSETS
81,395
67,708
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
98,569
86,796
PROVISIONS
4,293
4,772
--------
--------
NET ASSETS
94,276
82,024
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
200
200
Profit and loss account
94,076
81,824
--------
--------
SHAREHOLDERS FUNDS
94,276
82,024
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LODGE TAVERNS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 6 May 2025 , and are signed on behalf of the board by:
Mr C Morton
Director
Company registration number: 06671899
LODGE TAVERNS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O The Viking Club, 4 Danesholme Square, Corby, Northamptonshire, NN18 9EJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable during the year, stated net of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Kitchen equipment
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 September 2023
10,238
52,431
4,554
67,223
Additions
450
3,360
3,810
--------
--------
-------
--------
At 31 August 2024
10,688
55,791
4,554
71,033
--------
--------
-------
--------
Depreciation
At 1 September 2023
8,061
36,961
3,113
48,135
Charge for the year
656
4,708
360
5,724
--------
--------
-------
--------
At 31 August 2024
8,717
41,669
3,473
53,859
--------
--------
-------
--------
Carrying amount
At 31 August 2024
1,971
14,122
1,081
17,174
--------
--------
-------
--------
At 31 August 2023
2,177
15,470
1,441
19,088
--------
--------
-------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
6,314
Other debtors
2,374
2,535
-------
-------
8,688
2,535
-------
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,890
16,274
Social security and other taxes
5,685
11,392
Other creditors
8,161
7,813
--------
--------
24,736
35,479
--------
--------