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
MATES BARS LTD
Company Information
for the year ended 30 September 2024
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
MATES BARS LTD
Statement of financial position
as at 30 September 2024
Tangible assets
40,347
33,436
Investments
379,903
1,035,045
Cash at bank and in hand
634,084
244,624
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
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
MATES BARS LTD
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Expenditure on research and development is written off in the year in which it is incurred.
MATES BARS LTD
Notes to the Accounts
for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill
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
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
At 30 September 2024
36,058
4,289
40,347
At 30 September 2023
32,739
697
33,436
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
Amounts falling due after more than one year
7
Investments held as current assets
2024
2023
Listed investments
379,903
1,035,045
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
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
9
Average number of employees
During the year the average number of employees was 28 (2023: 22).