Abarbistro Limited 04723627 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is a public house and restaurant. Digita Accounts Production Advanced 6.30.9574.0 true true 04723627 2022-05-01 2023-04-30 04723627 2023-04-30 04723627 bus:OrdinaryShareClass1 2023-04-30 04723627 bus:OrdinaryShareClass2 2023-04-30 04723627 bus:OrdinaryShareClass3 2023-04-30 04723627 bus:OrdinaryShareClass4 2023-04-30 04723627 bus:OrdinaryShareClass5 2023-04-30 04723627 bus:Original 2023-04-30 04723627 core:RetainedEarningsAccumulatedLosses 2023-04-30 04723627 core:ShareCapital 2023-04-30 04723627 core:CurrentFinancialInstruments 2023-04-30 04723627 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04723627 core:Goodwill 2023-04-30 04723627 core:OtherResidualIntangibleAssets 2023-04-30 04723627 core:FurnitureFittingsToolsEquipment 2023-04-30 04723627 core:LandBuildings 2023-04-30 04723627 core:MotorVehicles 2023-04-30 04723627 bus:SmallEntities 2022-05-01 2023-04-30 04723627 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 04723627 bus:FullAccounts 2022-05-01 2023-04-30 04723627 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 04723627 bus:RegisteredOffice 2022-05-01 2023-04-30 04723627 bus:Director2 2022-05-01 2023-04-30 04723627 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 04723627 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 04723627 bus:OrdinaryShareClass3 2022-05-01 2023-04-30 04723627 bus:OrdinaryShareClass4 2022-05-01 2023-04-30 04723627 bus:OrdinaryShareClass5 2022-05-01 2023-04-30 04723627 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04723627 core:Goodwill 2022-05-01 2023-04-30 04723627 core:PatentsTrademarksLicencesConcessionsSimilar 2022-05-01 2023-04-30 04723627 core:ComputerEquipment 2022-05-01 2023-04-30 04723627 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 04723627 core:LandBuildings 2022-05-01 2023-04-30 04723627 core:MotorVehicles 2022-05-01 2023-04-30 04723627 core:PlantMachinery 2022-05-01 2023-04-30 04723627 countries:England 2022-05-01 2023-04-30 04723627 2022-04-30 04723627 core:Goodwill 2022-04-30 04723627 core:OtherResidualIntangibleAssets 2022-04-30 04723627 core:FurnitureFittingsToolsEquipment 2022-04-30 04723627 core:LandBuildings 2022-04-30 04723627 core:MotorVehicles 2022-04-30 04723627 2021-05-01 2022-04-30 04723627 2022-04-30 04723627 bus:OrdinaryShareClass1 2022-04-30 04723627 bus:OrdinaryShareClass2 2022-04-30 04723627 bus:OrdinaryShareClass3 2022-04-30 04723627 bus:OrdinaryShareClass4 2022-04-30 04723627 bus:OrdinaryShareClass5 2022-04-30 04723627 core:RetainedEarningsAccumulatedLosses 2022-04-30 04723627 core:ShareCapital 2022-04-30 04723627 core:CurrentFinancialInstruments 2022-04-30 04723627 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 04723627 core:FurnitureFittingsToolsEquipment 2022-04-30 04723627 core:LandBuildings 2022-04-30 04723627 core:MotorVehicles 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04723627

Abarbistro Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Abarbistro Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Abarbistro Limited

(Registration number: 04723627)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

201,790

210,405

Current assets

 

Stocks

6

17,774

31,274

Debtors

7

86,252

58,914

Cash at bank and in hand

 

472,116

476,579

 

576,142

566,767

Creditors: Amounts falling due within one year

8

(165,510)

(173,665)

Net current assets

 

410,632

393,102

Net assets

 

612,422

603,507

Capital and reserves

 

Called up share capital

9

370

370

Retained earnings

612,052

603,137

Shareholders' funds

 

612,422

603,507

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2023 and signed on its behalf by:
 

.........................................
Mr S Martin
Director

 

Abarbistro Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
58 White Hart Road
Old Portsmouth
Hampshire
PO1 2JA

These financial statements were authorised for issue by the Board on 26 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Abarbistro Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings leasehold

10 years straight line

Motor vehicles

25% reducing balance

Fixtures, fittings & equipment

10% reducing balance

Computer equipment

33% straight line

Goodwill and trademarks

Acquired goodwill is written off in annual instalments over its estimated useful economic life of 5 years, and has been fully amortised.

Trademarks comprise primarily licence fees paid for the trademarking of the Abarbistro brand. Such assets are defined as having a useful life and are amortised on a straight line basis of 10 years.

Intangible assets are stated at cost less amortisation and are reviewed for impairmant annually.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Trademarks

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Abarbistro Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Stocks

Stock is initially recorded at cost.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 48 (2022 - 43).

 

Abarbistro Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Intangible assets

Goodwill
 £

Other intangible assets
 £

Total
£

Cost or valuation

At 1 May 2022

79,999

770

80,769

At 30 April 2023

79,999

770

80,769

Amortisation

At 1 May 2022

79,999

770

80,769

At 30 April 2023

79,999

770

80,769

Carrying amount

At 30 April 2023

-

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

296,725

265,031

8,651

570,407

Additions

-

13,442

10,000

23,442

Disposals

-

-

(8,651)

(8,651)

At 30 April 2023

296,725

278,473

10,000

585,198

Depreciation

At 1 May 2022

206,126

145,590

8,286

360,002

Charge for the year

17,177

13,473

1,042

31,692

Eliminated on disposal

-

-

(8,286)

(8,286)

At 30 April 2023

223,303

159,063

1,042

383,408

Carrying amount

At 30 April 2023

73,422

119,410

8,958

201,790

At 30 April 2022

90,599

119,441

365

210,405

 

Abarbistro Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

6

Stocks

2023
£

2022
£

Inventory

17,774

31,274

7

Debtors

Current

2023
£

2022
£

Trade debtors

-

5,000

Prepayments

21,410

23,807

Other debtors

64,842

30,107

 

86,252

58,914

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

62,403

103,997

Taxation and social security

86,672

57,289

Other creditors

16,435

12,379

165,510

173,665

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary B of £1 each

50

50

50

50

Ordinary C of £1 each

10

10

10

10

Ordinary D of £1 each

200

200

200

200

Ordinary F of £1 each

10

10

10

10

 

370

370

370

370