Company Registration No. 10548048 (England and Wales)
Cheers Mobile Bars Ltd
Unaudited accounts
for the year ended 31 January 2026
Cheers Mobile Bars Ltd
Unaudited accounts
Contents
Cheers Mobile Bars Ltd
Company Information
for the year ended 31 January 2026
Directors
Mr D Ashcroft
Mrs N Ashcroft
Company Number
10548048 (England and Wales)
Registered Office
100 Jerusalem Road
Skellingthorpe
Lincoln
Lincolnshire
LN6 4RH
England
Cheers Mobile Bars Ltd
Statement of financial position
as at 31 January 2026
Tangible assets
108,796
119,672
Cash at bank and in hand
8,356
18,235
Creditors: amounts falling due within one year
(98,577)
(109,915)
Net current liabilities
(62,283)
(61,287)
Total assets less current liabilities
46,513
58,385
Creditors: amounts falling due after more than one year
(53,407)
(67,279)
Net liabilities
(6,894)
(8,894)
Called up share capital
100
100
Profit and loss account
(6,994)
(8,994)
Shareholders' funds
(6,894)
(8,894)
For the year ending 31 January 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by
Mr D Ashcroft
Director
Company Registration No. 10548048
Cheers Mobile Bars Ltd
Notes to the Accounts
for the year ended 31 January 2026
Cheers Mobile Bars Ltd is a private company, limited by shares, registered in England and Wales, registration number 10548048. The registered office is 100 Jerusalem Road, Skellingthorpe, Lincoln, Lincolnshire, LN6 4RH, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company made a profit for the year of £6,269 and had net liabilities of £6,894. The director's continue to prepare the accounts on a going concern basis.
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.
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.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Cheers Mobile Bars Ltd
Notes to the Accounts
for the year ended 31 January 2026
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2025
63,994
85,455
149,449
At 31 January 2026
63,994
87,324
151,318
At 1 February 2025
20,357
9,420
29,777
Charge for the year
10,909
1,836
12,745
At 31 January 2026
31,266
11,256
42,522
At 31 January 2026
32,728
76,068
108,796
At 31 January 2025
43,637
76,035
119,672
Amounts falling due within one year
Accrued income and prepayments
3,783
6,769
Other debtors
18,001
18,001
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Creditors: amounts falling due within one year
2026
2025
Trade creditors
13,630
9,021
Taxes and social security
28,672
41,487
Other creditors
24,766
22,541
Loans from directors
(32,462)
(41,034)
Cheers Mobile Bars Ltd
Notes to the Accounts
for the year ended 31 January 2026
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
36,466
44,994
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Transactions with related parties
The company was under the control for Mr & Mrs Ashcroft throughout the current year. There is a directors loan of £32,461 owed to the company.
10
Average number of employees
During the year the average number of employees was 11 (2025: 12).