Company Registration No. NI638989 (Northern Ireland)
French Village Patisserie and Brasserie Limited
Unaudited accounts
for the year ended 31 January 2023
French Village Patisserie and Brasserie Limited
Unaudited accounts
Contents
French Village Patisserie and Brasserie Limited
Company Information
for the year ended 31 January 2023
Directors
Robert Ashley French
Amy Elizabeth French
Company Number
NI638989 (Northern Ireland)
Registered Office
32 Montgomery Road
Belfast
BT6 9HL
Northern Ireland
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
French Village Patisserie and Brasserie Limited
Statement of financial position
as at 31 January 2023
Tangible assets
127,975
150,494
Cash at bank and in hand
33,479
30,340
Creditors: amounts falling due within one year
(561,426)
(601,289)
Net current liabilities
(505,355)
(548,577)
Net liabilities
(377,380)
(398,083)
Called up share capital
1
1
Profit and loss account
(377,381)
(398,084)
Shareholders' funds
(377,380)
(398,083)
For the year ending 31 January 2023 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.
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 3 October 2023 and were signed on its behalf by
Robert Ashley French
Director
Company Registration No. NI638989
French Village Patisserie and Brasserie Limited
Notes to the Accounts
for the year ended 31 January 2023
French Village Patisserie and Brasserie Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI638989. The registered office is 32 Montgomery Road, Belfast, BT6 9HL, Northern Ireland.
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 or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Land & buildings
10% Straight Line
Plant & machinery
10% Straight Line
Fixtures & fittings
10% Straight Line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
French Village Patisserie and Brasserie Limited
Notes to the Accounts
for the year ended 31 January 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Although the balance sheet shows a deficit, the directors have pledged their support for the company and therefore the going concern basis is considered appropriate.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
65,149
176,946
117,223
359,318
Additions
-
4,300
9,920
14,220
At 31 January 2023
65,149
181,246
127,143
373,538
At 1 February 2022
39,090
104,987
64,747
208,824
Charge for the year
6,515
18,029
12,195
36,739
At 31 January 2023
45,605
123,016
76,942
245,563
At 31 January 2023
19,544
58,230
50,201
127,975
At 31 January 2022
26,059
71,959
52,476
150,494
Amounts falling due within one year
Accrued income and prepayments
3,828
2,005
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
277,245
206,533
Amounts owed to group undertakings and other participating interests
252,167
372,361
Taxes and social security
3,111
2,787
French Village Patisserie and Brasserie Limited
Notes to the Accounts
for the year ended 31 January 2023
7
Transactions with related parties
During the financial year, various loan accounts operated between French Village Patisserie and Brasserie Limited and other companies, all of which were under common control.
At the end of the financial year a balance of £252,167 was owed by French Village Patisserie and Brasserie Limited to French Village Bakery Ltd (2022 - £372,361).
At the end of the financial year the trade creditor balance also included an amount owing of £233,900 by French Village Patisserie and Brasserie Limited to French Village Bakery Ltd.
8
Average number of employees
During the year the average number of employees was 17 (2022: 13).