Company registration number 01608976 (England and Wales)
REPERTOIRE CULINAIRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
REPERTOIRE CULINAIRE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
REPERTOIRE CULINAIRE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
155,148
189,139
Current assets
Stocks
386,799
189,847
Debtors
4
299,308
315,857
Cash at bank and in hand
177,171
66,998
863,278
572,702
Creditors: amounts falling due within one year
5
(1,034,526)
(783,023)
Net current liabilities
(171,248)
(210,321)
Total assets less current liabilities
(16,100)
(21,182)
Provisions for liabilities
(25,690)
(31,316)
Net liabilities
(41,790)
(52,498)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(41,890)
(52,598)
Total equity
(41,790)
(52,498)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 October 2023 and are signed on its behalf by:
E d'Espous
Director
Company Registration No. 01608976
REPERTOIRE CULINAIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
Repertoire Culinaire Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5 Datapoint Business Centre, 6 South Crescent, London, United Kingdom, E16 4TL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
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 equipment
Over the lease term, 25% per annum and 10%-25% per annum.
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Taxation
The tax expense represents the sum of the tax currently payable 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.
REPERTOIRE CULINAIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
Current tax
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 the financial statements. Deferred tax is measured using rates and laws that have been enacted or substantively enacted by the year end 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.
1.8
Employee benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.9
Retirement benefits
The company operates a defined contribution pensions scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
1.10
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.
1.11
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
13
12
REPERTOIRE CULINAIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022
388,518
Additions
1,146
At 31 March 2023
389,664
Depreciation and impairment
At 1 April 2022
199,379
Depreciation charged in the year
35,137
At 31 March 2023
234,516
Carrying amount
At 31 March 2023
155,148
At 31 March 2022
189,139
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
209,366
227,010
Other debtors
89,942
88,847
299,308
315,857
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
435,056
344,140
Amounts owed to group undertakings
528,080
378,462
Taxation and social security
9,659
17,825
Other creditors
61,731
42,596
1,034,526
783,023
REPERTOIRE CULINAIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
6
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2023
2022
£
£
Within one year
202,337
119,805
Between two and five years
849,284
479,220
In over five years
79,870
1,051,621
678,895
7
Parent company
The immediate parent company is Repertoire Culinaire Holding SARL. The ultimate controlling party is A d'Espous by virtue of his majority shareholding in the group.