BUCCI RESTAURANTS LIMITED

Company Registration Number:
04773604 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

BUCCI RESTAURANTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

BUCCI RESTAURANTS LIMITED

Balance sheet

As at 30 November 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 164,733 162,572
Investments: 4 56,040 56,040
Total fixed assets: 220,773 218,612
Current assets
Stocks: 31,500 24,500
Debtors:   34,329 61,217
Cash at bank and in hand: 140,453 175,084
Total current assets: 206,282 260,801
Creditors: amounts falling due within one year:   (302,886) (284,447)
Net current assets (liabilities): (96,604) (23,646)
Total assets less current liabilities: 124,169 194,966
Creditors: amounts falling due after more than one year:   (25,000) (40,000)
Total net assets (liabilities): 99,169 154,966
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 99,069 154,866
Shareholders funds: 99,169 154,966

The notes form part of these financial statements

BUCCI RESTAURANTS LIMITED

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 November 2023
and signed on behalf of the board by:

Name: G Rossi
Status: Director

The notes form part of these financial statements

BUCCI RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

Other accounting policies

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.Contributions to defined contribution plans are expensed in the period to which they relate.

BUCCI RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

2. Employees

2022 2021
Average number of employees during the period 15 14

BUCCI RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 300,734
Additions 15,735
At 30 November 2022 316,469
Depreciation
At 01 December 2021 138,162
Charge for year 13,574
At 30 November 2022 151,736
Net book value
At 30 November 2022 164,733
At 30 November 2021 162,572

BUCCI RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Fixed investments

Other investments