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COMPANY REGISTRATION NUMBER: 11080054
Briston Pub Co Limited
Unaudited financial statements
30 November 2024
Briston Pub Co Limited
Statement of financial position
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
532
684
Tangible assets
6
78,055
78,179
-------
-------
78,587
78,863
Current assets
Stocks
6,000
3,000
Debtors
7
8,789
27,336
Cash at bank and in hand
431
4,626
-------
-------
15,220
34,962
Creditors: Amounts falling due within one year
8
( 118,371)
( 74,049)
---------
-------
Net current liabilities
( 103,151)
( 39,087)
---------
-------
Total assets less current liabilities
( 24,564)
39,776
Creditors: Amounts falling due after more than one year
9
( 6,076)
( 18,228)
Provisions
Taxation including deferred tax
( 2,292)
-------
-------
Net (liabilities)/assets
( 30,640)
19,256
-------
-------
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
( 30,740)
19,156
-------
-------
Shareholders (deficit)/funds
( 30,640)
19,256
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Briston Pub Co Limited
Statement of financial position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:
Mr I W Furniss
Director
Company registration number: 11080054
Briston Pub Co Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales . The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB, United Kingdom. The trading address is The Three Horseshoes West End, Briston, Melton Constable, Norfolk, NR24 2HY
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on the going concern basis that the company will continue to be financially supported by the shareholders. On this basis the expectation is that the company is expected to continue to trade for at least 12 months from the date these accounts are approved.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Lease costs
-
Over 7 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
10% straight line
Plant and machinery
-
10% straight line
Fixtures and fittings
-
10% straight line
Equipment
-
10% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 21 (2023: 22 ).
5. Intangible assets
Lease costs
£
Cost
At 1 December 2023 and 30 November 2024
1,064
------
Amortisation
At 1 December 2023
380
Charge for the year
152
------
At 30 November 2024
532
------
Carrying amount
At 30 November 2024
532
------
At 30 November 2023
684
------
6. Tangible assets
Leasehold improve- ments
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 December 2023
18,404
38,958
55,138
7,996
120,496
Additions
13,250
13,250
-------
-------
-------
------
---------
At 30 November 2024
18,404
52,208
55,138
7,996
133,746
-------
-------
-------
------
---------
Depreciation
At 1 December 2023
2,914
12,745
23,009
3,649
42,317
Charge for the year
1,840
5,221
5,513
800
13,374
-------
-------
-------
------
---------
At 30 November 2024
4,754
17,966
28,522
4,449
55,691
-------
-------
-------
------
---------
Carrying amount
At 30 November 2024
13,650
34,242
26,616
3,547
78,055
-------
-------
-------
------
---------
At 30 November 2023
15,490
26,213
32,129
4,347
78,179
-------
-------
-------
------
---------
7. Debtors
2024
2023
£
£
Other debtors
8,789
27,336
------
-------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
12,152
12,152
Trade creditors
49,663
22,602
Social security and other taxes
49,442
26,685
Other creditors
7,114
12,610
---------
-------
118,371
74,049
---------
-------
9. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,076
18,228
------
-------
10. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
50,000
50,000
Later than 1 year and not later than 5 years
29,167
79,167
-------
---------
79,167
129,167
-------
---------
12. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
The directors
21,545
( 24,052)
( 2,507)
-------
-------
------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
The directors
230
21,315
21,545
----
-------
-------