34 true false false false false false false false false false true false false false false false false No description of principal activity 2024-02-29 Sage Accounts Production Advanced 2024 - FRS102_2024 1,500 1,500 291 291 1,209 xbrli:pure xbrli:shares iso4217:GBP 15532003 2024-02-29 2025-02-28 15532003 2025-02-28 15532003 2024-02-28 15532003 core:FurnitureFittings 2024-02-29 2025-02-28 15532003 bus:Director1 2024-02-29 2025-02-28 15532003 bus:Director2 2024-02-29 2025-02-28 15532003 core:LandBuildings core:ShortLeaseholdAssets 2025-02-28 15532003 core:FurnitureFittings 2025-02-28 15532003 core:LandBuildings core:ShortLeaseholdAssets 2024-02-29 2025-02-28 15532003 core:WithinOneYear 2025-02-28 15532003 core:AfterOneYear 2025-02-28 15532003 core:ShareCapital 2025-02-28 15532003 core:RetainedEarningsAccumulatedLosses 2025-02-28 15532003 core:BetweenOneFiveYears 2025-02-28 15532003 core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 15532003 bus:SmallEntities 2024-02-29 2025-02-28 15532003 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 15532003 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 15532003 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 15532003 bus:FullAccounts 2024-02-29 2025-02-28 15532003 core:IntangibleAssetsOtherThanGoodwill 2024-02-29 2025-02-28 15532003 core:OfficeEquipment 2024-02-29 2025-02-28 15532003 core:IntangibleAssetsOtherThanGoodwill 2025-02-28 15532003 core:OfficeEquipment 2025-02-28
COMPANY REGISTRATION NUMBER: 15532003
The Bush Inn (Crosstown) Limited
Filleted Unaudited Financial Statements
For the period ended
28 February 2025
The Bush Inn (Crosstown) Limited
Statement of Financial Position
28 February 2025
2025
Note
£
Fixed assets
Intangible assets
5
1,209
Tangible assets
6
53,885
--------
55,094
Current assets
Stocks
14,711
Debtors
7
3,739
Cash at bank and in hand
92,235
---------
110,685
Creditors: amounts falling due within one year
8
76,798
---------
Net current assets
33,887
--------
Total assets less current liabilities
88,981
Creditors: amounts falling due after more than one year
9
48,000
Provisions
Deferred taxation
3,749
--------
Net assets
37,232
--------
Capital and reserves
Called up share capital
2
Profit and loss account
37,230
--------
Shareholders funds
37,232
--------
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 comprehensive income has not been delivered.
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Bush Inn (Crosstown) Limited
Statement of Financial Position (continued)
28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
T C Ingle
M M Tape
Director
Director
Company registration number: 15532003
The Bush Inn (Crosstown) Limited
Notes to the Financial Statements
Period ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 The Kennels, Abbotsley Road, Croxton, St Neots, PE19 6SZ. The company's trading address is Crosstown, Morwenstow, Bude, Cornwall, EX23 9SR.
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. The financial statements 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 for goods supplied and services rendered, stated net of rebates, discounts and of value added tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Sales and rental income are recognised when the amount of revenue can be determined and it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
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 period. 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. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
33% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
over the remaining useful life of the lease term
Fixtures, fittings and equipment
-
33% straight line
Office equipment
-
33% straight line
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 pension plans
The company makes contributions to the personal pension schemes of the directors and certain employees. The annual contributions payable are recognised as an expense in the period in which the related services are provided.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 34 .
5. Intangible assets
Website
£
Cost
Website
1,500
-------
At 28 February 2025
1,500
-------
Amortisation
Charge for the period
291
-------
At 28 February 2025
291
-------
Carrying amount
At 28 February 2025
1,209
-------
6. Tangible assets
Leasehold property
Fixtures, fittings and equipment
Office equipment
Total
£
£
£
£
Cost
At 29 February 2024
Additions
44,450
19,975
3,702
68,127
--------
--------
-------
--------
At 28 February 2025
44,450
19,975
3,702
68,127
--------
--------
-------
--------
Depreciation
At 29 February 2024
Charge for the period
9,090
4,726
426
14,242
--------
--------
-------
--------
At 28 February 2025
9,090
4,726
426
14,242
--------
--------
-------
--------
Carrying amount
At 28 February 2025
35,360
15,249
3,276
53,885
--------
--------
-------
--------
7. Debtors
2025
£
Trade debtors
375
Other debtors
3,364
-------
3,739
-------
8. Creditors: amounts falling due within one year
2025
£
Trade creditors
16,266
Social security and other taxes
20,758
Other creditors
39,774
--------
76,798
--------
9. Creditors: amounts falling due after more than one year
2025
£
Other creditors
48,000
--------
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2025
£
Included in provisions
3,749
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
£
Accelerated capital allowances
3,749
-------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
£
Not later than 1 year
60,000
Later than 1 year and not later than 5 years
160,000
---------
220,000
---------