Registered number
10280703
The Wicked Burger Company Ltd
Filleted Accounts
31 January 2023
The Wicked Burger Company Ltd
Registered number: 10280703
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 52,350 19,434
Current assets
Stocks 2,500 2,500
Debtors 4 25 95,750
Cash at bank and in hand 53,082 21,684
55,607 119,934
Creditors: amounts falling due within one year 5 (57,866) (30,972)
Net current (liabilities)/assets (2,259) 88,962
Total assets less current liabilities 50,091 108,396
Creditors: amounts falling due after more than one year 6 (11,295) (16,450)
Net assets 38,796 91,946
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,696 91,846
Shareholder's funds 38,796 91,946
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B H Gibbs
Director
Approved by the board on 27 November 2023
The Wicked Burger Company Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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
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, as follows:
Land and buildings 20% straight line
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
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.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 3,000 25,170 4,500 32,670
Additions - 21,447 30,354 51,801
Disposals - - (4,500) (4,500)
At 31 January 2023 3,000 46,617 30,354 79,971
Depreciation
At 1 February 2022 2,100 10,011 1,125 13,236
Charge for the year 600 7,321 7,589 15,510
On disposals - - (1,125) (1,125)
At 31 January 2023 2,700 17,332 7,589 27,621
Net book value
At 31 January 2023 300 29,285 22,765 52,350
At 31 January 2022 900 15,159 3,375 19,434
4 Debtors 2023 2022
£ £
Other debtors 25 95,750
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,680 4,200
Trade creditors 39,955 5,782
Taxation and social security costs 9,853 18,233
Other creditors 3,378 2,757
57,866 30,972
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 11,295 16,450
7 Other information
The Wicked Burger Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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