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Route Restaurants (SW) Ltd
Registered Number:08764726
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
08764726
As at 31 March 2022
Route Restaurants (SW) Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
1
1
2
Property, plant and equipment
103,096
93,989
3
103,097
93,990
Current assets
Inventories
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
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
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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4
Registered Number :
08764726
For the year ended 31 March 2022
Route Restaurants (SW) Ltd
Statement of Financial Position Continued
N J Hooper Director
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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5
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.
Registered address:
Route 5
Winning Post Service Station
Kenford
Exeter
EX6 7XS
The presentation currency is £ sterling.
1. Accounting policies
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
5% Straight line
Plant and machinery
25% Reducing balance
25% Reducing balance
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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6
For the year ended 31 March 2022
Route Restaurants (SW) Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2021
112,500
At 31 March 2022
112,500
Amortisation
At 01 April 2021
112,499
At 31 March 2022
112,499
Net book value
At 31 March 2022
1
At 31 March 2021
1
3. Property, plant and equipment
Total
Motor bike
Plant and
machinery
Improvements
to property
£
£
£
£
Cost or
valuation
At 01 April 2021
169,503
12,974
25,726
130,803
23,416
-
23,416
-
Additions
At 31 March 2022
130,803
49,142
12,974
192,919
Provision for depreciation and impairment
At 01 April 2021
75,514
11,242
19,800
44,472
Charge for year
14,309
433
7,336
6,540
At 31 March 2022
89,823
11,675
27,136
51,012
At 31 March 2022
Net book value
79,791
22,006
1,299
103,096
At 31 March 2021
86,331
5,926
1,732
93,989
4. Inventories
2021
2022
£
£
Stocks
24,126
18,208
5. Trade and other receivables
2021
2022
£
£
Other debtors
9,921
19,508
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7
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
£
£
Bank loans and overdraft
37,029
34,522
Trade creditors
72,225
3,727
Taxation and social security
50,757
38,324
Other creditors
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
£
£
Bank loans and overdraft
53,416
72,225
Other creditors
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
At 01/04/2021
At 31/03/2022
£
£
N J Hooper
Loan to company
5,266
5,266
5,266
5,266
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8
For the year ended 31 March 2022
Route Restaurants (SW) Ltd
Notes to the Financial Statements Continued
10. Guarantees and other financial commitments
Lease 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
Within 1 year
277,186
238,124
Within 2 to 5 years
After more than 5 years
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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