Registered number: 05683004 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
N B Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Bryce's Catering Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Mrs P E Corrie | ||||||||
REGISTERED OFFICE | ||||||||
Cumbria | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05683004 | ||||||||
BANKERS | ||||||||
HSBC UK Plc | ||||||||
ACCOUNTANTS | ||||||||
N B Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Bryce's Catering Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Bryce's Catering Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
509 | 6,444 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT LIABILITIES | ( | (49,385) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 17,745 | 20,299 | |||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | (63,281) | (51,584) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Bryce's Catering Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
These financial statements have been prepared on the assumption that the company is able to carry on business as a going concern, which the director considers appropriate having regard to the circumstances outlined in the note to the accounts. |
1c. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 20% |
1d. Stocks | ||||||||
Stocks are valued at the lower of cost and net estimated selling price less selling costs. Cost is based on average cost. |
1e. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1f. Goodwill | ||||||||
1g. Government Grants | ||||||||
Government grants providing immediate financial assistance in relation to Covid-19 are recognised in profit and loss in the year in which they are received. |
Bryce's Catering Ltd | ||||||||
1h. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Sales are based upon till receipts. |
1i. Leases | ||||||||
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term. |
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2022 | 110,671 | 110,671 | ||
At 31/03/2023 | 110,671 | 110,671 | ||
Depreciation | ||||
At 01/04/2022 | 95,650 | 95,650 | ||
For the year | 11,067 | 11,067 | ||
At 31/03/2023 | 106,717 | 106,717 | ||
Net Book Amounts | ||||
At 31/03/2023 | ||||
At 31/03/2022 | ||||
3. TANGIBLE FIXED ASSETS | ||||||
Short Leasehold | Fixtures | |||||
Properties | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/04/2022 | 1 | 36,935 | 36,936 | |||
At 31/03/2023 | 1 | 36,935 | 36,936 | |||
Depreciation | ||||||
At 01/04/2022 | - | 33,757 | 33,757 | |||
For the year | - | 795 | 795 | |||
At 31/03/2023 | - | 34,552 | 34,552 | |||
Net Book Amounts | ||||||
At 31/03/2023 | 1 | 2,384 | ||||
At 31/03/2022 | 1 | 3,179 | ||||
Bryce's Catering Ltd | ||||||||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Prepayments | - | 416 | ||||||
- | 416 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Directors current account | 39,858 | 41,205 | ||||||
Bank loans | 6,600 | 9,997 | ||||||
Other Loans (unsecured) | 3,019 | 2,378 | ||||||
Trade creditors | 1,966 | 1,409 | ||||||
Accruals | 840 | 840 | ||||||
52,283 | 55,829 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans | 17,745 | 20,299 | ||||||
17,745 | 20,299 | |||||||
Bryce's Catering Ltd | ||||||||
8. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | 20,299 | 25,049 | ||||||
The bank loan is secured by way of a legal charge over the tangible and intangible assets of the company. | ||||||||
9. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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12. GUARANTEES AND FINANCIAL COMMITMENTS | ||||||||
At the balance sheet date the company had total commitments under operating leases of £15,000. | ||||||||
13. GOING CONCERN | ||||||||
At the balance sheet date the company's liabilities exceeded its assets. The company has received assurances from the director that he will continue to provide financial support to the company for the twelve months from the date of signing these financial statements. | ||||||||
Bryce's Catering Ltd | ||||||||
14. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in England & Wales. | ||||||||
The company's registered number is 05683004. | ||||||||
The company's registered office is Tonrie, Grinsdale, Carlisle, Cumbria, CA5 6DS. |