Company Registration No. 08714134 (England and Wales)
Spitfire Restaurant Limited
Unaudited accounts
for the year ended 31 March 2022
Spitfire Restaurant Limited
Unaudited accounts
Contents
Spitfire Restaurant Limited
Company Information
for the year ended 31 March 2022
Directors
I J Steyn
R L Steyn
Company Number
08714134 (England and Wales)
Registered Office
6 Mapstone Rise
Bristol
BS30 9DL
Accountants
Belmax Associates
2 Bayleys Drive
Hanham
Bristol
BS15 8DP
Spitfire Restaurant Limited
Statement of financial position
as at 31 March 2022
Tangible assets
89,290
80,244
Cash at bank and in hand
729,638
313,379
Creditors: amounts falling due within one year
(174,203)
(32,281)
Net current assets
567,435
297,944
Net assets
656,725
378,188
Called up share capital
2
2
Profit and loss account
656,723
378,186
Shareholders' funds
656,725
378,188
For the year ending 31 March 2022 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 2 September 2022 and were signed on its behalf by
I J Steyn
Director
Company Registration No. 08714134
Spitfire Restaurant Limited
Notes to the Accounts
for the year ended 31 March 2022
Spitfire Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 08714134. The registered office is 6 Mapstone Rise, Bristol, BS30 9DL.
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
Turnover is measured at the fair value of the consideration received excluding value added tax.
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
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Government grants including furlough payments and business interruption have been included separately under other operating income.
Spitfire Restaurant Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Total
Charge for the year
44,158
Allotted, called up and fully paid:
1 Ordinary A sharesof £1 each of £1 each
1
1
1 Ordinary B sharesof £1 each of £1 each
1
1
6
Operating lease commitments
2022
2021
At 31 March 2022 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
45,000
45,000
Within two to five years
56,250
101,250
7
Average number of employees
During the year the average number of employees was 33 (2021: 30).