Ale Van, Bar & Events Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11315599 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Ale Van, Bar & Events Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A H Cummings

D Adams

REGISTERED OFFICE:

30a Upper High Street

Thame

Oxfordshire

OX9 3EX

REGISTERED NUMBER:

11315599 (England and Wales)

ACCOUNTANTS:

Fizz Accounting Limited

6a St Andrews Court

Wellington Street

Thame

Oxfordshire

OX9 3WT

FIXED ASSETS

Tangible assets

4

17,116

4,210

CURRENT ASSETS

Stocks

3,540

898

Debtors

11,568

-

Cash at bank and in hand

3,230

14,749

18,338

15,647

CREDITORS

Amounts falling due within one year

35,221

19,674

NET CURRENT LIABILITIES

(16,883

)

(4,027

)

TOTAL ASSETS LESS CURRENT LIABILITIES

233

183

CREDITORS

Amounts falling due after more than one year

16,551

14,775

NET LIABILITIES

(16,318

)

(14,592

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(16,418

)

(14,692

)

(16,318

)

(14,592

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 26 January 2023 and were signed on its behalf by:

J A H Cummings - Director

1.	STATUTORY INFORMATION

Ale Van, Bar & Events 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.

Going concern

At the balance sheet date, the company had net liabilities. However, the directors have loaned funds to the company and are committed to providing continued financial support. The directors therefore consider it appropriate to prepare the accounts on a going concern basis.

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 etc

-

25% on cost and 10% on cost

Government grants

Government grants are accounted for on an accruals basis, and released in the same period as the costs they relate to.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

9,879

Additions

17,982

Disposals

(424

)

At 31 March 2022

27,437

DEPRECIATION

At 1 April 2021

5,669

Charge for year

4,799

Eliminated on disposal

(147

)

At 31 March 2022

10,321

NET BOOK VALUE

At 31 March 2022

17,116

At 31 March 2021

4,210

5.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees, contingencies and commitments at the balance sheet date of £97,500 (2021: £nil).