REGISTERED NUMBER: |
Financial Statements |
for the Period 31 December 2021 to 29 December 2022 |
for |
Leaf Tea Shop & Bar (Smithdown) Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Period 31 December 2021 to 29 December 2022 |
for |
Leaf Tea Shop & Bar (Smithdown) Limited |
Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146) |
Contents of the Financial Statements |
for the Period 31 December 2021 to 29 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Leaf Tea Shop & Bar (Smithdown) Limited |
Company Information |
for the Period 31 December 2021 to 29 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146) |
Balance Sheet |
29 December 2022 |
29.12.22 | 30.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146) |
Balance Sheet - continued |
29 December 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146) |
Notes to the Financial Statements |
for the Period 31 December 2021 to 29 December 2022 |
1. | STATUTORY INFORMATION |
Leaf Tea Shop & Bar (Smithdown) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Impact of Covid-19 |
The accounts have been prepared on a going concern basis despite the bar being closed at various times since the beginning of the pandemic. The directors are confident that the company will return back to profitability after the pandemic is over. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover arises from the running of a licenced restaurant and is measured at the fair value of the consideration received or receivable, excluding discounts, rebated, value added tax and other sales taxes. Revenue is recognised upon sale of food and drink. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Intercompany loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Taxation |
Taxation for the period 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. |
Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146) |
Notes to the Financial Statements - continued |
for the Period 31 December 2021 to 29 December 2022 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
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 period 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 31 December 2021 |
and 29 December 2022 |
AMORTISATION |
At 31 December 2021 |
and 29 December 2022 |
NET BOOK VALUE |
At 29 December 2022 |
At 30 December 2021 |
Leaf Tea Shop & Bar (Smithdown) Limited (Registered number: 07067146) |
Notes to the Financial Statements - continued |
for the Period 31 December 2021 to 29 December 2022 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 31 December 2021 |
Additions |
At 29 December 2022 |
DEPRECIATION |
At 31 December 2021 |
Charge for period |
At 29 December 2022 |
NET BOOK VALUE |
At 29 December 2022 |
At 30 December 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.12.22 | 30.12.21 |
£ | £ |
Amounts owed by associates |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.12.22 | 30.12.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.12.22 | 30.12.21 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 18,773 | 4,968 |