10 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 149,800 29,960 29,960 59,920 89,880 119,840 xbrli:pure xbrli:shares iso4217:GBP 13210893 2022-03-01 2023-02-28 13210893 2023-02-28 13210893 2022-02-28 13210893 2021-02-18 2022-02-28 13210893 2022-02-28 13210893 core:NetGoodwill 2022-03-01 2023-02-28 13210893 core:PlantMachinery 2022-03-01 2023-02-28 13210893 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 13210893 bus:Director1 2022-03-01 2023-02-28 13210893 bus:Director2 2022-03-01 2023-02-28 13210893 core:WithinOneYear 2023-02-28 13210893 core:WithinOneYear 2022-02-28 13210893 core:NetGoodwill 2022-02-28 13210893 core:NetGoodwill 2023-02-28 13210893 core:PlantMachinery 2022-02-28 13210893 core:PlantMachinery 2023-02-28 13210893 core:AfterOneYear 2023-02-28 13210893 core:AfterOneYear 2022-02-28 13210893 core:ShareCapital 2023-02-28 13210893 core:ShareCapital 2022-02-28 13210893 core:RetainedEarningsAccumulatedLosses 2023-02-28 13210893 core:RetainedEarningsAccumulatedLosses 2022-02-28 13210893 core:NetGoodwill 2022-02-28 13210893 core:AcceleratedTaxDepreciationDeferredTax 2023-02-28 13210893 core:AcceleratedTaxDepreciationDeferredTax 2022-02-28 13210893 core:RetirementBenefitObligationsDeferredTax 2023-02-28 13210893 core:RetirementBenefitObligationsDeferredTax 2022-02-28 13210893 core:PlantMachinery 2022-02-28 13210893 bus:SmallEntities 2022-03-01 2023-02-28 13210893 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 13210893 bus:FullAccounts 2022-03-01 2023-02-28 13210893 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13210893 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13210893 bus:OrdinaryShareClass1 2023-02-28 13210893 bus:OrdinaryShareClass1 2022-02-28 13210893 core:OfficeEquipment 2022-03-01 2023-02-28 13210893 core:OfficeEquipment 2023-02-28 13210893 core:OfficeEquipment 2022-02-28
COMPANY REGISTRATION NUMBER: 13210893
THE GOLDEN HIND RESTAURANT & TAKEAWAY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
THE GOLDEN HIND RESTAURANT & TAKEAWAY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
Contents
Pages
Balance sheet 1 to 2
Notes to the financial statements 3 to 7
THE GOLDEN HIND RESTAURANT & TAKEAWAY LIMITED
BALANCE SHEET
28 February 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
89,880
119,840
Tangible assets
6
10,362
15,722
------------
------------
100,242
135,562
Current assets
Stocks
7
2,500
2,500
Debtors
8
42,887
31,348
Cash at bank and in hand
25,032
7,676
------------
------------
70,419
41,524
Creditors: amounts falling due within one year
9
( 115,454)
( 75,973)
------------
------------
Net current liabilities
( 45,035)
( 34,449)
------------
------------
Total assets less current liabilities
55,207
101,113
Creditors: amounts falling due after more than one year
10
( 21,324)
( 85,000)
Provisions
( 1,897)
( 2,954)
------------
------------
Net assets
31,986
13,159
------------
------------
Capital and reserves
Called up share capital
12
100
100
Profit and loss account
31,886
13,059
------------
------------
Shareholders funds
31,986
13,159
------------
------------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
THE GOLDEN HIND RESTAURANT & TAKEAWAY LIMITED
BALANCE SHEET (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 2 October 2023 , and are signed on behalf of the board by:
Mr S Emsley
Mrs M Eliasz
Director
Director
Company registration number: 13210893
THE GOLDEN HIND RESTAURANT & TAKEAWAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Nunlea Royd, Lightcliffe, Halifax, HX3 7UY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and equipment
-
25% straight line
Office equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2022: 9 ).
5. Intangible assets
Goodwill
£
Cost
At 1 March 2022 and 28 February 2023
149,800
------------
Amortisation
At 1 March 2022
29,960
Charge for the year
29,960
------------
At 28 February 2023
59,920
------------
Carrying amount
At 28 February 2023
89,880
------------
At 28 February 2022
119,840
------------
6. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 March 2022 and 28 February 2023
20,000
1,083
21,083
------------
------------
------------
Depreciation
At 1 March 2022
5,000
361
5,361
Charge for the year
5,000
360
5,360
------------
------------
------------
At 28 February 2023
10,000
721
10,721
------------
------------
------------
Carrying amount
At 28 February 2023
10,000
362
10,362
------------
------------
------------
At 28 February 2022
15,000
722
15,722
------------
------------
------------
7. Stocks
2023
2022
£
£
Raw materials and consumables
2,500
2,500
------------
------------
8. Debtors
2023
2022
£
£
Trade debtors
21,838
Prepayments and accrued income
21,049
31,348
------------
------------
42,887
31,348
------------
------------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
377
3,671
Accruals and deferred income
1,500
1,500
Corporation tax
13,486
8,255
Social security and other taxes
20,191
7,651
Director loan accounts
27,019
2,486
Other creditors
52,881
52,410
------------
------------
115,454
75,973
------------
------------
10. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
21,324
85,000
------------
------------
11. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions
1,897
2,954
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
1,969
2,987
Pension plan obligations
( 72)
( 33)
------------
------------
1,897
2,954
------------
------------
12. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
Shares issued and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
Shares issued and partly paid
2023
2022
No.
£
No.
£
13. Related party transactions
Included in creditors above is a loan from the directors. The loan is unsecured repayable on demand and currently interest free.
14. Controlling party
The company is controlled by it's directors.