Registered number
11713855
The Old Wharf Inn Limited
Filleted Accounts
31 March 2025
The Old Wharf Inn Limited
Registered number: 11713855
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 366 488
Tangible assets 4 88,922 74,690
89,288 75,178
Current assets
Stocks 22,409 25,096
Debtors 5 35,465 61,708
Cash at bank and in hand 161,300 125,725
219,174 212,529
Creditors: amounts falling due within one year 6 (192,963) (155,470)
Net current assets 26,211 57,059
Total assets less current liabilities 115,499 132,237
Creditors: amounts falling due after more than one year 7 (25,893) (17,735)
Provisions for liabilities (5,700) (5,700)
Net assets 83,906 108,802
Capital and reserves
Called up share capital 100 100
Profit and loss account 83,806 108,702
Shareholders' funds 83,906 108,802
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.
Director
Mr J Marks
Approved by the board on 30 July 2025
The Old Wharf Inn Limited
Notes to the Accounts
for the year ended 31 March 2025
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:
Property improvements 20% reducing balance
Motor vehicles 25% reducing balance
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 15% and 20% reducing balance
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 28 27
3 Intangible fixed assets £
Trade mark costs
Cost
At 1 April 2024 610
At 31 March 2025 610
Amortisation
At 1 April 2024 122
Provided during the year 122
At 31 March 2025 244
Net book value
At 31 March 2025 366
At 31 March 2024 488
Costs are being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 8,104 81,020 37,939 127,063
Additions - 20,931 34,154 55,085
Surplus on revaluation - - - -
Disposals - - (37,939) (37,939)
At 31 March 2025 8,104 101,951 34,154 144,209
Depreciation
At 1 April 2024 4,784 31,509 16,080 52,373
Charge for the year 664 11,702 8,145 20,511
Surplus on revaluation - - - -
On disposals - - (17,597) (17,597)
At 31 March 2025 5,448 43,211 6,628 55,287
Net book value
At 31 March 2025 2,656 58,740 27,526 88,922
At 31 March 2024 3,320 49,511 21,859 74,690
5 Debtors 2025 2024
£ £
Trade debtors 18,007 26,419
Other debtors 17,458 35,289
35,465 61,708
6 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 5,594 5,575
Trade creditors 62,605 53,871
Taxation and social security costs 59,101 53,524
Other creditors 65,663 42,500
192,963 155,470
7 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 25,893 17,735
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
19,479 - (14,479) 5,000
19,479 - (14,479) 5,000
9 Other information
The Old Wharf Inn Limited is a private company limited by shares and incorporated in England. Its registered office is:
78-80 High Street
Amblecote
Stourbridge
DY8 4LY
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