REGISTERED NUMBER: 08834529 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

TIPSY BARS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Pavlou

Mr P A Pavlou

Mrs M Pavlou

REGISTERED OFFICE:

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

REGISTERED NUMBER:

08834529 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

184,775

212,455

184,775

212,455

CURRENT ASSETS

Stocks

6

19,850

20,500

Debtors

7

1,567,307

1,535,179

Cash at bank and in hand

567,761

636,672

2,154,918

2,192,351

CREDITORS

Amounts falling due within one year

8

151,496

184,072

NET CURRENT ASSETS

2,003,422

2,008,279

TOTAL ASSETS LESS CURRENT LIABILITIES

2,188,197

2,220,734

CREDITORS

Amounts falling due after more than one year

9

(24,110

)

(29,639

)

PROVISIONS FOR LIABILITIES

(44,401

)

(51,053

)

NET ASSETS

2,119,686

2,140,042

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

2,119,586

2,139,942

SHAREHOLDERS' FUNDS

2,119,686

2,140,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr G Pavlou - Director

Mr P A Pavlou - Director

1.	STATUTORY INFORMATION

Tipsy Bars 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

Straight line over 11 years

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

64,999

AMORTISATION

At 1 February 2024

and 31 January 2025

64,999

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2024

53,620

82,989

278,460

Additions

-

5,192

6,160

At 31 January 2025

53,620

88,181

284,620

DEPRECIATION

At 1 February 2024

23,191

67,258

179,868

Charge for year

3,313

3,286

20,316

At 31 January 2025

26,504

70,544

200,184

NET BOOK VALUE

At 31 January 2025

27,116

17,637

84,436

At 31 January 2024

30,429

15,731

98,592

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

76,250

15,467

506,786

Additions

-

1,541

12,893

At 31 January 2025

76,250

17,008

519,679

DEPRECIATION

At 1 February 2024

15,250

8,764

294,331

Charge for year

12,200

1,458

40,573

At 31 January 2025

27,450

10,222

334,904

NET BOOK VALUE

At 31 January 2025

48,800

6,786

184,775

At 31 January 2024

61,000

6,703

212,455

6.

STOCKS

2025

2024

£

£

Stocks

19,850

20,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

22,940

13,364

Amounts owed by group undertakings

998,313

1,069,772

Other debtors

4,563

4,563

Directors' current accounts

516,013

421,931

Prepayments

25,478

25,549

1,567,307

1,535,179

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,520

5,547

Trade creditors

18,362

18,266

Tax

69,511

97,686

Social security and other taxes

5,050

2,797

VAT

50,405

60,822

Other creditors

492

(3,912

)

Accrued expenses

2,156

2,866

151,496

184,072

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

11,040

11,040

Bank loans - 2-5 years

13,070

16,560

Bank loans more 5 yr by instal

-

2,039

24,110

29,639

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,039

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

30,000

30,000

Between one and five years

120,000

150,000

150,000

180,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	RELATED PARTY DISCLOSURES

The company Tipsy Bars Limited was party to transactions with associated companies under common control, Vudu Lounge Ltd and Loppas Ltd during the year.

The amount owed to Tipsy Bars Ltd at the balance sheet date was £998,313 (2023: £1,069,772).