2023-11-012024-10-312024-10-31false09289866THE VERY GOOD PUB COMPANY 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THE VERY GOOD PUB COMPANY LTD

Registered Number
09289866
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

THE VERY GOOD PUB COMPANY LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

PRINCE, Trevor Leslie

Registered Address

23c C/O D.B. Business Services, 23c Lower Mantle Close
Bridge Street, Clay Cross
Chesterfield
S45 9NU

Registered Number

09289866 (England and Wales)
THE VERY GOOD PUB COMPANY LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3265,185263,788
265,185263,788
Current assets
Debtors3,5006,156
Cash at bank and on hand23,96922,425
27,46928,581
Creditors amounts falling due within one year(87,900)(42,966)
Net current assets (liabilities)(60,431)(14,385)
Total assets less current liabilities204,754249,403
Creditors amounts falling due after one year(174,779)(174,779)
Provisions for liabilities(1,380)(1,380)
Net assets28,59573,244
Capital and reserves
Profit and loss account28,59573,244
Shareholders' funds28,59573,244
The financial statements were approved and authorised for issue by the Director on 24 July 2025, and are signed on its behalf by:
PRINCE, Trevor Leslie
Director
Registered Company No. 09289866
THE VERY GOOD PUB COMPANY LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-4
Fixtures and fittings20-
Office Equipment20-
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 23348,884
Additions2,332
At 31 October 24351,216
Depreciation and impairment
At 01 November 2385,096
Charge for year935
At 31 October 2486,031
Net book value
At 31 October 24265,185
At 31 October 23263,788