REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 21 FEBRUARY 2022 TO 30 JUNE 2023 |
FOR |
BURGER & BEYOND CS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 21 FEBRUARY 2022 TO 30 JUNE 2023 |
FOR |
BURGER & BEYOND CS LIMITED |
BURGER & BEYOND CS LIMITED (REGISTERED NUMBER: 13928878) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 FEBRUARY 2022 TO 30 JUNE 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BURGER & BEYOND CS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 21 FEBRUARY 2022 TO 30 JUNE 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Waterhouse Business Centre |
Unit 53 |
2 Cromar Way |
Chelmsford |
Essex |
CM1 2QE |
BURGER & BEYOND CS LIMITED (REGISTERED NUMBER: 13928878) |
BALANCE SHEET |
30 JUNE 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
BURGER & BEYOND CS LIMITED (REGISTERED NUMBER: 13928878) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 FEBRUARY 2022 TO 30 JUNE 2023 |
1. | STATUTORY INFORMATION |
Burger & Beyond Cs Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
These accounts cover an extended period from incorporation to 30 June 2023 to in order to align this company to group reporting dates. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts. |
During this initial trading period, the Company suffered an operating loss of £292,676 and |
the balance sheet as at 30 June 2023 shows deficit in shareholders' funds of £292,576. |
These losses have been driven pre-dominantly by the initial setup of the new restaurant. The directors have in place a plan to develop this aspect of the business and believe that the company will be able to return to profitability. |
The company continues to meet its day to day working capital requirements through operating cash flows and finances investment via financing from the other group companies. |
The company has received assurances from its fellow group members that they will continue to offer financial support, as needed, for at least 12 months from the date of approving these accounts. |
Having considered all the relevant facts the directors consider it is appropriate to prepare the financial statements on a going concern basis. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and value added taxes. |
Revenue is recognised based on the delivery date of when goods are delivered to the customer. |
Tangible fixed assets |
Leasehold land and buildings | - |
Improvements to property | - |
Fixtures and fittings | - |
Computer equipment | - |
BURGER & BEYOND CS LIMITED (REGISTERED NUMBER: 13928878) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 FEBRUARY 2022 TO 30 JUNE 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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. |
Leasing commitments |
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 period was |
4. | TANGIBLE FIXED ASSETS |
Leasehold | Improvements | Fixtures |
land and | to | and | Computer |
buildings | property | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
Additions |
At 30 June 2023 |
DEPRECIATION |
Charge for period |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
5. | DEBTORS |
£ |
Amounts falling due within one year: |
Other debtors |
BURGER & BEYOND CS LIMITED (REGISTERED NUMBER: 13928878) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 FEBRUARY 2022 TO 30 JUNE 2023 |
5. | DEBTORS - continued |
£ |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
In more than five years |
8. | PARENT COMPANY |
The ultimate parent company is Burger & Beyond Holdings Limited, a company registered in England and Wales and whose registered office is the same as this company. |