| Registered number: 07704490 | ||||||||
| FOR THE YEAR ENDED 31/08/2024 | ||||||||
| Prepared By: | ||||||||
| N B Lancaster & Co | ||||||||
| Chartered Accountants | ||||||||
| 6 Brunswick Street | ||||||||
| Carlisle | ||||||||
| Cumbria | ||||||||
| CA1 1PN | ||||||||
| Bar Solo Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31/08/2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| CA4 9QQ | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 07704490 | ||||||||
| BANKERS | ||||||||
| HSBC Bank Plc | ||||||||
| ACCOUNTANTS | ||||||||
| N B Lancaster & Co | ||||||||
| Chartered Accountants | ||||||||
| 6 Brunswick Street | ||||||||
| Carlisle | ||||||||
| Cumbria | ||||||||
| CA1 1PN | ||||||||
| Bar Solo Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31/08/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Bar Solo Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 4 | |||||||||
| Cash at bank and in hand | ||||||||||
| 95,355 | 88,123 | |||||||||
| CREDITORS: Amounts falling due within one year | 5 | |||||||||
| NET CURRENT LIABILITIES | ( | (20,470) | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
| CREDITORS: Amounts falling due after more than one year | 6 | 28,530 | 33,823 | |||||||
| NET LIABILITIES | ( | ( | ||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | ||||||||||
| Profit and loss account | (32,143) | (45,461) | ||||||||
| SHAREHOLDERS' FUNDS | ( | ( | ||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Bar Solo Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31/08/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Going Concern | ||||||||
| These financial statements have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances outlined in the note to the accounts. | ||||||||
| 1c. Depreciation | ||||||||
| Plant and Machinery | reducing balance 15% | |||||||
| Commercial Vehicles | reducing balance 25% | |||||||
| Equipment | reducing balance 25% | |||||||
| 1d. Stocks | ||||||||
| Stock is valued at the lower of cost and net estimated selling price less selling costs. Cost is based on the weighted average purchase price. | ||||||||
| 1e. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1f. Turnover | ||||||||
| Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Cash receipts are recorded upon the provision of goods. | ||||||||
| Bar Solo Limited | ||||||||
| 2. TANGIBLE FIXED ASSETS | ||||||||
| Plant and | Commercial | |||||||
| Machinery | Vehicles | Equipment | Total | |||||
| £ | £ | £ | £ | |||||
| Cost | ||||||||
| At 01/09/2023 | 5,444 | 16,961 | 28,418 | 50,823 | ||||
| Additions | - | - | 2,631 | 2,631 | ||||
| At 31/08/2024 | 5,444 | 16,961 | 31,049 | 53,454 | ||||
| Depreciation | ||||||||
| At 01/09/2023 | 4,031 | 16,340 | 21,520 | 41,891 | ||||
| For the year | 353 | 156 | 2,382 | 2,891 | ||||
| At 31/08/2024 | 4,384 | 16,496 | 23,902 | 44,782 | ||||
| Net Book Amounts | ||||||||
| At 31/08/2024 | 8,672 | |||||||
| At 31/08/2023 | 8,932 | |||||||
| 3. STOCK | 2024 | 2023 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 4. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Other debtors | 73,700 | 46,581 | ||||||
| 73,700 | 46,581 | |||||||
| Bar Solo Limited | ||||||||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| VAT | 55,897 | 45,690 | ||||||
| Other tax and social security creditors | 676 | 435 | ||||||
| Directors current account - Mr and Mrs D Smith | 20,989 | 10,332 | ||||||
| Directors current account - DMA Smith | 817 | 621 | ||||||
| Bank loan | 5,225 | 5,157 | ||||||
| Trade creditors | 14,403 | 20,644 | ||||||
| Other creditors | 1,694 | 17,925 | ||||||
| Accruals | 7,839 | 7,789 | ||||||
| 107,540 | 108,593 | |||||||
| 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Bank loans (unsecured) >1yr | 28,530 | 33,823 | ||||||
| 28,530 | 33,823 | |||||||
| 7. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 8 | |||||
| 8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
| 9. ADDITIONAL INFORMATION | ||||||||
| The company is a private company, limited by shares and registered in England & Wales. | ||||||||
| The company's registered number is 07704490. | ||||||||
| The company's registered office is The Heather Glen, Ainstable, Carlisle, CA4 9QQ. | ||||||||
| Bar Solo Limited | ||||||||
| 10. GOING CONCERN | ||||||||
| At the balance sheet date the company's liabilities exceeded its assets. The company has received assurances from the directors that they will continue to give financial support to the company for the twelve months from the date of signing these financial statements. | ||||||||