Registered number
12374863
S K Micro Pub Ltd
Filleted Accounts
31 December 2024
S K Micro Pub Ltd
Registered number: 12374863
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 29,250 35,100
Tangible assets 4 3,138 3,293
32,388 38,393
Current assets
Stocks 3,300 3,150
Debtors 5 46 -
Cash at bank and in hand 24,154 12,583
27,500 15,733
Creditors: amounts falling due within one year 6 (41,653) (31,737)
Net current liabilities (14,153) (16,004)
Total assets less current liabilities 18,235 22,389
Creditors: amounts falling due after more than one year 7 (8,508) (18,587)
Net assets 9,727 3,802
Capital and reserves
Share premium 2 2
Profit and loss account 9,725 3,800
Shareholders' funds 9,727 3,802
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Oates
Director
Approved by the board on 3 July 2025
S K Micro Pub Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 58,500
At 31 December 2024 58,500
Amortisation
At 1 January 2024 23,400
Provided during the year 5,850
At 31 December 2024 29,250
Net book value
At 31 December 2024 29,250
At 31 December 2023 35,100
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 8,651
Additions 1,969
At 31 December 2024 10,620
Depreciation
At 1 January 2024 5,358
Charge for the year 2,124
At 31 December 2024 7,482
Net book value
At 31 December 2024 3,138
At 31 December 2023 3,293
5 Debtors 2024 2023
£ £
Other debtors 46 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,053 7,158
Taxation and social security costs 25,600 14,471
Other creditors - 108
41,653 31,737
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,167 14,167
Other creditors 4,341 4,420
8,508 18,587
8 Controlling party
The company is controlled by Mr S Bamforth & Mrs K Oates.
9 Other information
S K Micro Pub Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50 Hoyland Road
Hoyland Common
Barnsley
South Yorkshire
S74 0PB
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