Tower Bar (Colne) Ltd 02901853 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of patent fabric designs. Digita Accounts Production Advanced 6.30.9574.0 true true 02901853 2024-04-01 2025-03-31 02901853 2025-03-31 02901853 core:RetainedEarningsAccumulatedLosses 2025-03-31 02901853 core:ShareCapital 2025-03-31 02901853 core:CurrentFinancialInstruments 2025-03-31 02901853 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02901853 bus:SmallEntities 2024-04-01 2025-03-31 02901853 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02901853 bus:FilletedAccounts 2024-04-01 2025-03-31 02901853 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02901853 bus:RegisteredOffice 2024-04-01 2025-03-31 02901853 bus:Director1 2024-04-01 2025-03-31 02901853 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02901853 countries:EnglandWales 2024-04-01 2025-03-31 02901853 2023-04-01 2024-03-31 02901853 2024-03-31 02901853 core:RetainedEarningsAccumulatedLosses 2024-03-31 02901853 core:ShareCapital 2024-03-31 02901853 core:CurrentFinancialInstruments 2024-03-31 02901853 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 02901853

Tower Bar (Colne) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Tower Bar (Colne) Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Tower Bar (Colne) Ltd

(Registration number: 02901853)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

84,000

70,800

Cash at bank and in hand

 

100,596

92,310

 

184,596

163,110

Creditors: Amounts falling due within one year

5

(133,554)

(109,744)

Net assets

 

51,042

53,366

Capital and reserves

 

Called up share capital

101

101

Retained earnings

50,941

53,265

Shareholders' funds

 

51,042

53,366

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 June 2025 and signed on its behalf by:
 

.........................................
SA Bank
Director

 

Tower Bar (Colne) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mistals
Reedymoor Lane
COLNE
Lancashire
BB8 7LL
England

The principal place of business is:
Unit 3, Bank House
Greenfield Road
Colne
Lancs
BB8 9NL
England

These financial statements were authorised for issue by the Board on 12 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Tower Bar (Colne) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

 

Tower Bar (Colne) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Debtors

Current

2025
£

2024
£

Trade debtors

84,000

70,800

 

84,000

70,800

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

52,680

34,535

Accruals and deferred income

1,200

6,080

Other creditors

79,674

69,129

133,554

109,744