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Company Registration No. 05480333 (England and Wales)
B & L Franco's of Longridge Limited Unaudited accounts for the year ended 30 June 2023
B & L Franco's of Longridge Limited Unaudited accounts Contents
Page
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B & L Franco's of Longridge Limited Company Information for the year ended 30 June 2023
Directors
Luigi Molinari Barbara Molinari
Company Number
05480333 (England and Wales)
Registered Office
FRANCO'S RESTAURANT 244 PRESTON ROAD ALSTON, LONGRIDGE PRESTON PR3 3BD
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B & L Franco's of Longridge Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,020 
55,009 
Current assets
Inventories
8,060 
11,996 
Debtors
(34,615)
(38,169)
Cash at bank and in hand
120,046 
175,220 
93,491 
149,047 
Creditors: amounts falling due within one year
(59,259)
(69,889)
Net current assets
34,232 
79,158 
Total assets less current liabilities
79,252 
134,167 
Creditors: amounts falling due after more than one year
(29,352)
(119,205)
Net assets
49,900 
14,962 
Capital and reserves
Called up share capital
99 
99 
Profit and loss account
49,801 
14,863 
Shareholders' funds
49,900 
14,962 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by
Luigi Molinari Director Company Registration No. 05480333
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B & L Franco's of Longridge Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
B & L Franco's of Longridge Limited is a private company, limited by shares, registered in England and Wales, registration number 05480333. The registered office is FRANCO'S RESTAURANT, 244 PRESTON ROAD, ALSTON, LONGRIDGE, PRESTON, PR3 3BD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on reducing balance
Plant & machinery
12.5% on 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.
Taxation
Taxation for the year 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.
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B & L Franco's of Longridge Limited Notes to the Accounts for the year ended 30 June 2023
Deferred taxation
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 year 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
45,377 
26,517 
71,894 
Additions
6,361 
- 
6,361 
Disposals
- 
(6,415)
(6,415)
At 30 June 2023
51,738 
20,102 
71,840 
Depreciation
At 1 July 2022
4,446 
12,439 
16,885 
Charge for the year
8,175 
1,760 
9,935 
At 30 June 2023
12,621 
14,199 
26,820 
Net book value
At 30 June 2023
39,117 
5,903 
45,020 
At 30 June 2022
40,931 
14,078 
55,009 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(34,615)
(38,169)
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
23,555 
- 
Trade creditors
(18,719)
37,455 
Taxes and social security
30,623 
33,088 
Other creditors
23,800 
3,994 
Accruals
- 
(4,648)
59,259 
69,889 
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B & L Franco's of Longridge Limited Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,352 
39,167 
Other creditors
- 
80,038 
29,352 
119,205 
8
Average number of employees
During the year the average number of employees was 35 (2022: 38).
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