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REGISTERED NUMBER: 07044762 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

TIGGIS RESTAURANT LIMITED

TIGGIS RESTAURANT LIMITED (REGISTERED NUMBER: 07044762)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TIGGIS RESTAURANT LIMITED

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2023







DIRECTOR: Mr R Ruscitti





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN





REGISTERED NUMBER: 07044762 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

TIGGIS RESTAURANT LIMITED (REGISTERED NUMBER: 07044762)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,509 21,480

CURRENT ASSETS
Stocks 10,028 9,550
Debtors 5 169,661 43,385
Cash at bank 199,638 560,081
379,327 613,016
CREDITORS
Amounts falling due within one year 6 139,355 129,091
NET CURRENT ASSETS 239,972 483,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,481

505,405

PROVISIONS FOR LIABILITIES 4,182 3,966
NET ASSETS 258,299 501,439

CAPITAL AND RESERVES
Called up share capital 63 63
Retained earnings 7 258,236 501,376
SHAREHOLDERS' FUNDS 258,299 501,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 October 2023 and were signed by:



Mr R Ruscitti - Director


TIGGIS RESTAURANT LIMITED (REGISTERED NUMBER: 07044762)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Tiggis Restaurant 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 comprises restaurant sales and is stated net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2022 - 52 ) .

TIGGIS RESTAURANT LIMITED (REGISTERED NUMBER: 07044762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 62,552
Additions 6,655
At 28 February 2023 69,207
DEPRECIATION
At 1 March 2022 41,072
Charge for year 5,626
At 28 February 2023 46,698
NET BOOK VALUE
At 28 February 2023 22,509
At 28 February 2022 21,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Directors' current accounts 163,753 37,447
Prepayments and accrued income 5,908 5,938
169,661 43,385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 48,715 43,610
Tax 12,653 43,868
Social security and other taxes 14,063 6,304
VAT 52,802 24,569
Accruals and deferred income 11,122 10,740
139,355 129,091

7. RESERVES
Retained
earnings
£   

At 1 March 2022 501,376
Profit for the year 56,860
Dividends (300,000 )
At 28 February 2023 258,236

TIGGIS RESTAURANT LIMITED (REGISTERED NUMBER: 07044762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr R Ruscitti
Balance outstanding at start of year 37,447 52,667
Amounts advanced 163,753 37,447
Amounts repaid (37,447 ) (52,667 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 163,753 37,447

9. RELATED PARTY DISCLOSURES

Transactions
The company paid total dividends of £300,000 (2022: £60,000) in the year under review. Dividends of £104,762 (2022: £20,952) were paid to Mr. R. Ruscitti, a director and dividends of £76,190 (2022: £15,238) were paid to Mrs. S. A. Ruscitti, wife of a director.