Registered number
03755445
Top Menu Restaurants Limited
Filleted Accounts
30 April 2023
Top Menu Restaurants Limited
Registered number: 03755445
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 24,498 32,663
Current assets
Stocks 4,500 3,500
Debtors 4 50,874 52,588
Cash at bank and in hand 100,958 82,978
156,332 139,066
Creditors: amounts falling due within one year 5 (67,058) (67,272)
Net current assets 89,274 71,794
Total assets less current liabilities 113,772 104,457
Creditors: amounts falling due after more than one year 6 (86,191) (99,151)
Net assets 27,581 5,306
Capital and reserves
Called up share capital 998 998
Profit and loss account 26,583 4,308
Shareholders' funds 27,581 5,306
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kwok Wing Tang
Director
Approved by the board on 5 September 2023
Top Menu Restaurants Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties that lead to signifant doubts upon the the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.
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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures & fittings 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Staff Costs 2023 2022
Number Number
Average number of persons (including directors) employed by the company: 13 11
Wages and salaries 146,180 105,070
Social security costs 7,635 5,267
Other pension costs 4,715 3,757
158,530 114,094
Directors' emoluments 57,160 56,566
3 Tangible fixed assets
Plant and machinery etc Fixture & Fittings Total
£ £ £
Cost
At 1 May 2022 83,491 246,202 329,693
At 30 April 2023 83,491 246,202 329,693
Depreciation
At 1 May 2022 77,362 219,668 297,030
Charge for the year 1,532 6,633 8,165
At 30 April 2023 78,894 226,301 305,195
Net book value
At 30 April 2023 4,597 19,901 24,498
At 30 April 2022 6,129 26,534 32,663
4 Debtors 2023 2022
£ £
Other debtors and prepayment 50,874 52,588
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 12,010 13,060
Trade creditors 10,672 5,652
Taxation and social security costs 33,747 46,324
Accruals 10,629 2,236
67,058 67,272
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 86,191 99,151
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 99,151 99,151
The Company has provided security to its lenders by way of a fixed and floating charge over all of its fixed assets and undertakings, together with the directors' personal guarantee.
8 Related party transactions 2023 2022
£ £
The directors have the interest of the freehold premises. The amount of rent charged to the Company was: 45,000 45,000
9 Controlling party
The Company is controlled by the directors Mr Kwok Wing Tang and Mrs Yoot Lai Tang.
10 Other information
Top Menu Restaurants Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Market Hill
Rothwell
Kettering
NN14 6EP
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