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Registered Number: 08368751
England and Wales

 

 

 

THE ARTIST BAR&KITCHEN LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 62,442    60,247 
62,442    60,247 
Current assets      
Stocks 3,550    3,225 
Debtors: amounts falling due within one year 35,028    25,685 
Investments 42,198    41,448 
Cash at bank and in hand 29,236    20,650 
110,012    91,008 
Creditors: amount falling due within one year (107,454)   (80,621)
Net current assets 2,558    10,387 
 
Total assets less current liabilities 65,000    70,634 
Creditors: amount falling due after more than one year (51,111)   (59,230)
Net assets 13,889    11,404 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 13,888    11,403 
Shareholder's funds 13,889    11,404 
 


For the year ended 31 January 2023  the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year ended 31 January 2023 in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 15 November 2023 and were signed on its behalf by:


-------------------------------
Admir HYKA
Director
1
General Information
THE ARTIST BAR&KITCHEN LTD is a private company, limited by shares, registered in England and Wales England and Wales, registration number 08368751, registration address 55 Orsman Road, LONDON, N1 5RA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Cost of sales
Cost of sales comprises the value of goods and services purchased by the company, net of Value Added Tax and trade discounts as applicable.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
The tax charged on the profit on ordinary activities using applicable standard taxation provisions in use.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Staff Costs

2023
£
  2022
£
Wages and salaries 77,243    74,284 
Pension costs, defined contribution plan 1,503    1,803 
Other staff costs 4,962   
83,708    76,087 
 
Average number of employees during the year Number   Number
Administration 2    2 
Sales 5    4 
 

3.

Average number of employees

Average number of employees during the year was 7 (2022 : 6).
4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 February 2022   1,486    12,034    7,225    20,745 
Additions 54,968          54,968 
Disposals        
At 31 January 2023 54,968    1,486    12,034    7,225    75,713 
Depreciation
At 01 February 2022   1,011    6,032    4,909    11,952 
Charge for year   71    901    347    1,319 
On disposals        
At 31 January 2023   1,082    6,933    5,256    13,271 
Net book values
Closing balance as at 31 January 2023 54,968    404    5,101    1,969    62,442 
Opening balance as at 01 February 2022 53,968    475    3,488    2,316    60,247 


2