REGISTERED NUMBER: 08205842 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

2Bar Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D P McGrath

REGISTERED OFFICE:

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

REGISTERED NUMBER:

08205842 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

140,816

139,980

CURRENT ASSETS

Stocks

26,890

30,250

Debtors

5

480,022

441,286

Cash at bank and in hand

103,718

105,087

610,630

576,623

CREDITORS

Amounts falling due within one year

6

532,301

593,720

NET CURRENT ASSETS/(LIABILITIES)

78,329

(17,097

)

TOTAL ASSETS LESS CURRENT LIABILITIES

219,145

122,883

CREDITORS

Amounts falling due after more than one year

7

-

(20,833

)

PROVISIONS FOR LIABILITIES

(33,119

)

(32,530

)

NET ASSETS

186,026

69,520

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

186,024

69,518

SHAREHOLDERS' FUNDS

186,026

69,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2025 and were signed by:

Mr D P McGrath - Director

1.	STATUTORY INFORMATION

2Bar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 44 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

5,448

379,192

29,995

414,635

Additions

4,617

26,793

-

31,410

At 31 December 2024

10,065

405,985

29,995

446,045

DEPRECIATION

At 1 January 2024

1,090

255,569

17,996

274,655

Charge for year

2,013

22,562

5,999

30,574

At 31 December 2024

3,103

278,131

23,995

305,229

NET BOOK VALUE

At 31 December 2024

6,962

127,854

6,000

140,816

At 31 December 2023

4,358

123,623

11,999

139,980

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

439,765

371,932

Other debtors

15,506

15,953

Prepayments

24,751

53,401

480,022

441,286

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

20,833

50,000

Trade creditors

48,339

71,229

Amounts owed to group undertakings

299,964

300,959

Tax

38,648

56,478

Social security and other taxes

6,191

5,565

VAT

47,802

45,059

Other creditors

32,060

27,231

Accruals and deferred income

38,464

37,199

532,301

593,720

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

-

20,833

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr D P McGrath

Balance outstanding at start of year

-

-

Amounts advanced

151,339

176,400

Amounts repaid

(151,339

)

(176,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest of 2.25% per annum.

10.	RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to group undertakings amounted to £439,765 (2023 £371,932).

The balance outstanding on interest free loans provided from group undertakings amounted to £299,964 (2023 £300,959).