Route Restaurants (SW) Ltd |
Registered Number:08764726 |
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2022
Route Restaurants (SW) Ltd
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Route Restaurants (SW) Ltd
Statement of Financial Position
2021
2022
1
1
2
Property, plant and equipment |
103,096
93,989
3
103,097
93,990
18,208
24,126
4
Trade and other receivables |
19,508
9,921
5
101,347
Cash and cash equivalents |
229,609
263,656
139,063
Trade and other payables: amounts falling due within one |
year |
(91,937)
(186,654)
6
47,126
77,002
Net current assets
Total assets less current liabilities |
180,099
141,116
Trade and other payables: amounts falling due after more |
than one year |
(72,225)
(57,315)
7
(4,428)
(1,455)
Provisions for liabilities |
118,356
Net assets
67,436
1,000
1,000
117,356
66,436
118,356
67,436
Shareholders' funds
For the year ended 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 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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2022
Route Restaurants (SW) Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 14 September 2022 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2022
Route Restaurants (SW) Ltd
Notes to the Financial Statements
Statutory Information
Route Restaurants (SW) Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08764726. |
Route 5
Winning Post Service Station
Kenford
Exeter
EX6 7XS
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, value added tax and other sales related taxes. |
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Improvements to property
Plant and machinery
Motor bike
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2022
Route Restaurants (SW) Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
112,500
112,500
112,499
112,499
1
1
3. Property, plant and equipment |
Motor bike
169,503
12,974
25,726
130,803
23,416
-
23,416
-
130,803
49,142
12,974
192,919
Provision for depreciation and impairment |
75,514
11,242
19,800
44,472
Charge for year
14,309
433
7,336
6,540
89,823
11,675
27,136
51,012
79,791
22,006
1,299
103,096
86,331
5,926
1,732
93,989
2021
2022
24,126
18,208
5. Trade and other receivables |
2021
2022
9,921
19,508
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For the year ended 31 March 2022
Route Restaurants (SW) Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year |
2021
2022
37,029
34,522
72,225
3,727
Taxation and social security |
50,757
38,324
26,643
15,364
186,654
91,937
Included within taxation and social security is corporation tax of £21,518 (2021: £33,681).
7. Trade and other payables: amounts falling due after more than one year |
2021
2022
53,416
72,225
3,899
-
57,315
72,225
In May 2020, the company too out a Covid Bounce Back loan of £50,000. The loan is taken over a 72 month period, with the first repayment being due 13 months after the loan was taken. The government has covered the first 12 months loan interest and the company will pay the interest on the remaining 60 months. |
8. Related party transactions |
Dividends of £46,638 were paid to the directors in the year. |
The company is under the effective control of its directors. |
A loan has been made to a company fully owned by the directors. |
9. Directors advances and guarantees |
N J Hooper
Loan to company
5,266
5,266
5,266
5,266
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For the year ended 31 March 2022
Route Restaurants (SW) Ltd
Notes to the Financial Statements Continued
10. Guarantees and other financial commitments |
At 31 March 2022 the company had annual commitments under non-cancellable operating leases as set out below: |
2021
2022
Operating leases which expire: |
79,062
79,062
277,186
238,124
266,667
306,667
583,853
662,915
Under FRS 102, the figures represent the full amount payable for the whole period of the lease remaining at the year |
end. |
11. Average number of persons employed |
During the year the average number of employees was 38 (2021 : 34)
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