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Company Registration No. 12406290 (England and Wales)
THE TINY TAVERN LTD Unaudited accounts for the year ended 31 January 2025
THE TINY TAVERN LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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THE TINY TAVERN LTD Company Information for the year ended 31 January 2025
Director
Stephany Chapman
Company Number
12406290 (England and Wales)
Registered Office
112-113 HIGH STREET LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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THE TINY TAVERN LTD Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,196
4,120
Current assets
Cash at bank and in hand
1,969
8,251
Creditors: amounts falling due within one year
5
(4,268)
(8,466)
Net current liabilities
(2,299)
(215)
Total assets less current liabilities
897
3,905
Provisions for liabilities
Deferred tax
6
(576)
(576)
Net assets
321
3,329
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
221
3,229
Shareholders' funds
321
3,329
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 May 2025 and were signed on its behalf by
Stephany Chapman Director Company Registration No. 12406290
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THE TINY TAVERN LTD Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
THE TINY TAVERN LTD is a private company, limited by shares, registered in England and Wales, registration number 12406290. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% Reducing balance
Fixtures & fittings
10% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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THE TINY TAVERN LTD Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
5,006
3,221
8,227
At 31 January 2025
5,006
3,221
8,227
Depreciation
At 1 February 2024
3,002
1,105
4,107
Charge for the year
501
423
924
At 31 January 2025
3,503
1,528
5,031
Net book value
At 31 January 2025
1,503
1,693
3,196
At 31 January 2024
2,004
2,116
4,120
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,698
2,917
Trade creditors
473
-
Taxes and social security
1,631
2,583
Loans from directors
(1,134)
87
Accruals
600
2,879
4,268
8,466
6
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
576
576
2025
2024
£
£
Provision at start of year
576
669
Credited to other comprehensive income
-
(93)
Provision at end of year
576
576
A deferred taxation reserve has been created in prior years of some £576 due to accelerated capital allowances. This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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THE TINY TAVERN LTD Notes to the Accounts for the year ended 31 January 2025
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Stephany Chapman
Unsecured loan
-
1,134
-
1,134
-
1,134
-
1,134
9
Average number of employees
During the year the average number of employees was 5 (2024: 4).
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