Tribal Bar Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10968612 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2019

for

Tribal Bar Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N M Hudgell

Mr A F Pearson

Mr S P C Cook

REGISTERED OFFICE:

19 Albion Street

Hull

East Yorkshire

HU1 3TG

REGISTERED NUMBER:

10968612 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

18-19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

Santander

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

4

750,932

734,310

CURRENT ASSETS

Stocks

22,453

-

Debtors

56,711

111,369

Cash at bank and in hand

7,408

2,895

86,572

114,264

CREDITORS

Amounts falling due within one year

311,902

123,032

NET CURRENT LIABILITIES

(225,330

)

(8,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

525,602

725,542

CREDITORS

Amounts falling due after more than one year

857,261

725,440

NET (LIABILITIES)/ASSETS

(331,659

)

102

CAPITAL AND RESERVES

Called up share capital

6

102

102

Retained earnings

(331,761

)

-

SHAREHOLDERS' FUNDS

(331,659

)

102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 October 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 July 2020 and were signed on its behalf by:

Mr N M Hudgell - Director

Mr A F Pearson - Director

Mr S P C Cook - Director

1.	STATUTORY INFORMATION

Tribal Bar 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.

Long leasehold

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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 Income Statement, 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 35 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2018

734,310

Additions

143,436

At 31 October 2019

877,746

DEPRECIATION

Charge for year

126,814

At 31 October 2019

126,814

NET BOOK VALUE

At 31 October 2019

750,932

At 31 October 2018

734,310

5.	SECURED DEBTS

The following secured debts are included within creditors:

31/10/19

31/10/18

£

£

Other loans

392,084

489,774

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/19

31/10/18

value:

£

£

102

Ordinary

£1.00

102

102

7.	ULTIMATE PARENT COMPANY

In the opinion of the directors, the ultimate controlling party is CHFP Developments Limited, a company

registered in the UK.