1 October 2023 false No description of principal activity Taxfiler 2024.6 07033942business:PrivateLimitedCompanyLtd2023-10-012024-09-30 070339422023-09-30 070339422023-10-012024-09-30 07033942business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 07033942business:FilletedAccounts2023-10-012024-09-30 070339422024-09-30 07033942business:Director12023-10-012024-09-30 07033942business:RegisteredOffice2023-10-012024-09-30 070339422023-09-30 07033942core:WithinOneYear2024-09-30 07033942core:WithinOneYear2023-09-30 07033942core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 07033942core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 07033942core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 07033942core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 07033942core:PreviouslyStatedAmount2024-09-30 07033942core:PreviouslyStatedAmount2023-09-30 07033942business:SmallEntities2023-10-012024-09-30 07033942countries:EnglandWales2023-10-012024-09-30 07033942core:FurnitureFittings2023-10-012024-09-30 07033942core:ComputerEquipment2023-10-012024-09-30 07033942core:Goodwill2023-09-30 07033942core:Goodwill2023-10-012024-09-30 07033942core:Goodwill2024-09-30 07033942core:FurnitureFittings2023-09-30 07033942core:ComputerEquipment2023-09-30 07033942core:FurnitureFittings2024-09-30 07033942core:ComputerEquipment2024-09-30 07033942core:AfterOneYear2024-09-30 07033942core:AfterOneYear2023-09-30 070339422022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 07033942 (England and Wales)
MATES BARS LTD Unaudited accounts for the year ended 30 September 2024
MATES BARS LTD Unaudited accounts Contents
Page
- 2 -
MATES BARS LTD Company Information for the year ended 30 September 2024
Director
Alon Atzmon
Company Number
07033942 (England and Wales)
Registered Office
C/O Williams Stanley & Co 85 Great Portland Street, First Floor London W1W 7LT England
Accountants
Williams Stanley and Co
- 3 -
MATES BARS LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,347 
33,436 
Current assets
Inventories
19,251 
13,810 
Debtors
477,531 
118,877 
Investments
379,903 
1,035,045 
Cash at bank and in hand
634,084 
244,624 
1,510,769 
1,412,356 
Creditors: amounts falling due within one year
(235,464)
(272,881)
Net current assets
1,275,305 
1,139,475 
Net assets
1,315,652 
1,172,911 
Capital and reserves
Called up share capital
620 
620 
Profit and loss account
1,315,032 
1,172,291 
Shareholders' funds
1,315,652 
1,172,911 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2025 and were signed on its behalf by
Alon Atzmon Director Company Registration No. 07033942
- 4 -
MATES BARS LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
MATES BARS LTD is a private company, limited by shares, registered in England and Wales, registration number 07033942. The registered office is C/O Williams Stanley & Co, 85 Great Portland Street, First Floor, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
- 5 -
MATES BARS LTD Notes to the Accounts for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2023
60,678 
Disposals
(60,678)
At 30 September 2024
- 
Amortisation
At 1 October 2023
60,678 
On disposals
(60,678)
At 30 September 2024
- 
Net book value
At 30 September 2024
- 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
381,445 
1,008 
382,453 
Additions
26,134 
4,390 
30,524 
Disposals
(13,816)
- 
(13,816)
At 30 September 2024
393,763 
5,398 
399,161 
Depreciation
At 1 October 2023
348,706 
311 
349,017 
Charge for the year
22,815 
798 
23,613 
On disposals
(13,816)
- 
(13,816)
At 30 September 2024
357,705 
1,109 
358,814 
Net book value
At 30 September 2024
36,058 
4,289 
40,347 
At 30 September 2023
32,739 
697 
33,436 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
39,681 
39,681 
Accrued income and prepayments
23,189 
22,261 
Other debtors
66,978 
56,935 
129,848 
118,877 
Amounts falling due after more than one year
Other debtors
347,683 
- 
7
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
379,903 
1,035,045 
- 6 -
MATES BARS LTD Notes to the Accounts for the year ended 30 September 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
26,446 
VAT
49,373 
43,949 
Trade creditors
49,759 
92,586 
Amounts owed to group undertakings and other participating interests
145 
145 
Taxes and social security
53,356 
72,469 
Other creditors
18,331 
1,157 
Accruals
39,500 
36,129 
Deferred income
25,000 
- 
235,464 
272,881 
9
Average number of employees
During the year the average number of employees was 28 (2023: 22).
- 7 -