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REGISTERED NUMBER: 12451783 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BOARDWALK BAR & GRILL LTD

BOARDWALK BAR & GRILL LTD (REGISTERED NUMBER: 12451783)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOARDWALK BAR & GRILL LTD

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTOR: Mrs D Driver





SECRETARY:





REGISTERED OFFICE: 10 High Street
Windermere
Cumbria
LA23 1AF





REGISTERED NUMBER: 12451783 (England and Wales)





ACCOUNTANTS: MBE Accountancy Ltd
Chartered Certified Practice
10 High Street
Windermere
Cumbria
LA231AF

BOARDWALK BAR & GRILL LTD (REGISTERED NUMBER: 12451783)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,649 197,700

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 31,592 29,245
Cash at bank and in hand 194,838 144,547
236,430 183,792
CREDITORS
Amounts falling due within one year 6 143,425 152,562
NET CURRENT ASSETS 93,005 31,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,654

228,930

CREDITORS
Amounts falling due after more than one year 7 (128,347 ) (144,852 )

PROVISIONS FOR LIABILITIES (22,218 ) (21,014 )
NET ASSETS 129,089 63,064

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 128,989 62,964
SHAREHOLDERS' FUNDS 129,089 63,064

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 her 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.

BOARDWALK BAR & GRILL LTD (REGISTERED NUMBER: 12451783)

BALANCE SHEET - continued
28 February 2023


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 9 November 2023 and were signed by:





Mrs D Driver - Director


BOARDWALK BAR & GRILL LTD (REGISTERED NUMBER: 12451783)

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

1. STATUTORY INFORMATION

Boardwalk Bar & Grill Ltd 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - 5% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 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.

BOARDWALK BAR & GRILL LTD (REGISTERED NUMBER: 12451783)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2022 93,553 70,140 60,350 224,043
Additions - 13,709 - 13,709
At 28 February 2023 93,553 83,849 60,350 237,752
DEPRECIATION
At 1 March 2022 6,452 12,850 7,041 26,343
Charge for year 4,355 9,743 10,662 24,760
At 28 February 2023 10,807 22,593 17,703 51,103
NET BOOK VALUE
At 28 February 2023 82,746 61,256 42,647 186,649
At 28 February 2022 87,101 57,290 53,309 197,700

BOARDWALK BAR & GRILL LTD (REGISTERED NUMBER: 12451783)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 60,350
DEPRECIATION
At 1 March 2022 7,041
Charge for year 10,662
At 28 February 2023 17,703
NET BOOK VALUE
At 28 February 2023 42,647
At 28 February 2022 53,309

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 31,592 29,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 6,388 5,708
Trade creditors 48,408 93,386
Taxation and social security 60,166 14,008
Other creditors 28,463 39,460
143,425 152,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 40,238 46,626
Other creditors 88,109 98,226
128,347 144,852

BOARDWALK BAR & GRILL LTD (REGISTERED NUMBER: 12451783)

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
£    £   
Mrs D Driver
Balance outstanding at start of year (49,165 ) (36,180 )
Amounts advanced 39,240 -
Amounts repaid (25,075 ) (12,985 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35,000 ) (49,165 )