Surf AccountsProduction v1.0.0 v1.0.0 2022-01-26 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the business is that of catering services 18 October 2023 13872418 2023-01-31 13872418 2022-01-25 13872418 2022-01-26 2023-01-31 13872418 uk-bus:PrivateLimitedCompanyLtd 2022-01-26 2023-01-31 13872418 uk-curr:PoundSterling 2022-01-26 2023-01-31 13872418 uk-bus:SmallCompaniesRegimeForAccounts 2022-01-26 2023-01-31 13872418 uk-bus:AbridgedAccounts 2022-01-26 2023-01-31 13872418 uk-core:ShareCapital 2023-01-31 13872418 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 13872418 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 13872418 uk-bus:FRS102 2022-01-26 2023-01-31 13872418 uk-core:Goodwill 2022-01-26 2023-01-31 13872418 uk-core:Land 2022-01-26 2023-01-31 13872418 uk-core:FurnitureFittingsToolsEquipment 2022-01-26 2023-01-31 13872418 uk-core:Goodwill 2022-01-25 13872418 uk-core:Goodwill 2023-01-31 13872418 2022-01-26 2023-01-31 13872418 uk-bus:Director1 2022-01-26 2023-01-31 13872418 uk-bus:AuditExempt-NoAccountantsReport 2022-01-26 2023-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Crustacean Restaurant Weymouth Ltd
 
Abridged Unaudited Financial Statements
 
for the financial period from 26 January 2022 (date of incorporation) to 31 January 2023



Crustacean Restaurant Weymouth Ltd
Company Registration Number: 13872418
ABRIDGED BALANCE SHEET
as at 31 January 2023

Jan 23
Notes £
 
Fixed Assets
Intangible assets 8 56,099
Tangible assets 9 51,956
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108,055
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Current Assets
Stocks 6,500
Cash at bank and in hand 3,306
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9,806
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Creditors: amounts falling due within one year (91,947)
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Net Current Liabilities (82,141)
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Total Assets less Current Liabilities 25,914
 
Creditors:
amounts falling due after more than one year (51,732)
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Net Liabilities (25,818)
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Capital and Reserves
Called up share capital 3
Retained earnings (25,821)
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Shareholders' Deficit (25,818)
═════════
 
The financial statements have been prepared 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).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial period from 26 January 2022 (date of incorporation) to 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Director and authorised for issue on 18 October 2023
       
       
________________________________      
Mr G Pullin      
Director      
       



Crustacean Restaurant Weymouth Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period from 26 January 2022 (date of incorporation) to 31 January 2023

   
1. General Information
 
Crustacean Restaurant Weymouth Ltd is a company limited by shares incorporated and registered in the England. The registered number of the company is 13872418. The registered office of the company is 59 St Mary Street, Weymouth, Dorset, DT4 8PP, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 January 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 0 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 2% Straight line
  Fixtures, fittings and equipment - 15% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Adoption of FRS 102 Section 1A
 
This is the first set of financial statements prepared by Crustacean Restaurant Weymouth Ltd in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 January 2016.
   
4. Period of financial statements
 
The financial statements are for the 12 month 6 days period from 26 January 2022 (date of incorporation) to 31 January 2023.
   
5. Going concern
 
These accounts have been prepared on the going concern basis, on the understanding that there was a net deficiency of assets of £25,818 at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.
   
6. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
7. Employees
 
The average monthly number of employees, including director, during the financial period was 16, (Jan 22 - 0).
 
  Jan 23
  Number
 
Director 1
Employee 15
  ─────────
  16
  ═════════
       
8. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 26 January 2022 - -
Additions 59,999 59,999
  ───────── ─────────
At 31 January 2023 59,999 59,999
  ───────── ─────────
Amortisation
Charge for financial period 3,900 3,900
  ───────── ─────────
At 31 January 2023 3,900 3,900
  ───────── ─────────
Net book value
At 31 January 2023 56,099 56,099
  ═════════ ═════════
         
9. Tangible assets
  Long Fixtures, Total
  leasehold fittings and  
  property equipment  
  £ £ £
Cost
At 26 January 2022 - - -
Additions 1 61,124 61,125
  ───────── ───────── ─────────
At 31 January 2023 1 61,124 61,125
  ───────── ───────── ─────────
Depreciation
At 26 January 2022 - - -
Charge for the financial period - 9,169 9,169
  ───────── ───────── ─────────
At 31 January 2023 - 9,169 9,169
  ───────── ───────── ─────────
Net book value
At 31 January 2023 1 51,955 51,956
  ═════════ ═════════ ═════════
     
10. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 January 2023.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.