Company registration number 05206883 (England and Wales)
ACME BARS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ACME BARS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ACME BARS LIMITED (REGISTERED NUMBER: 05206883)
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
59,497
69,187
Current assets
Stocks
5,669
3,026
Debtors
5
5,062
4,687
Cash at bank and in hand
15,023
7,461
25,754
15,174
Creditors: amounts falling due within one year
6
(183,226)
(161,141)
Net current liabilities
(157,472)
(145,967)
Total assets less current liabilities
(97,975)
(76,780)
Creditors: amounts falling due after more than one year
7
(45,000)
(45,000)
Net liabilities
(142,975)
(121,780)
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
(142,979)
(121,784)
Total equity
(142,975)
(121,780)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ACME BARS LIMITED (REGISTERED NUMBER: 05206883)
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 26 August 2025
P J Clarke
Director
ACME BARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

Acme Bars Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Beverage and food sales revenue is recognised at the time the order is fulfilled and payment is received (either cash or credit card).

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

As of 30 November 2023 the goodwill has been fully amortised.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings leasehold
over period of lease
Improvements to property
over period of lease
Fixtures, fittings & equipment
20% on reducing balance
Computer equipment
20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

ACME BARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
19
17
3
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2023 and 30 November 2024
60,432
Amortisation and impairment
At 1 December 2023 and 30 November 2024
60,432
Carrying amount
At 30 November 2024
-
0
At 30 November 2023
-
0
ACME BARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
4
Tangible fixed assets
Land and buildings leasehold
Improvements to property
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
£
Cost
At 1 December 2023
60,510
95,268
132,820
7,712
296,310
Additions
-
0
-
0
715
-
0
715
At 30 November 2024
60,510
95,268
133,535
7,712
297,025
Depreciation and impairment
At 1 December 2023
37,215
63,831
119,109
6,968
227,123
Depreciation charged in the year
3,631
3,811
2,814
149
10,405
At 30 November 2024
40,846
67,642
121,923
7,117
237,528
Carrying amount
At 30 November 2024
19,664
27,626
11,612
595
59,497
At 30 November 2023
23,295
31,437
13,711
744
69,187
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
5,062
4,687
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
44,093
41,870
Trade creditors
51,223
47,246
Taxation and social security
65,529
23,085
Other creditors
22,381
48,940
183,226
161,141
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
45,000
45,000
ACME BARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
641,250
219,367
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