Company Registration No. 12465268 (England and Wales)
Bon Appetit Group London Limited
Unaudited accounts
for the period from 1 April 2022 to 30 March 2023
Bon Appetit Group London Limited
Unaudited accounts
Contents
Bon Appetit Group London Limited
Company Information
for the period from 1 April 2022 to 30 March 2023
Directors
Gian Manzi
Roberto Manzi
Company Number
12465268 (England and Wales)
Registered Office
42 Lytton Road
Barnet
EN5 5BY
United Kingdom
Accountants
Your Expert Eye Limited
42 Lytton Road
New Barnet
Barnet
EN5 5BY
Bon Appetit Group London Limited
Statement of financial position
as at 30 March 2023
Tangible assets
429,077
162,137
Cash at bank and in hand
397,538
168,817
Creditors: amounts falling due within one year
(803,192)
(523,158)
Net current assets/(liabilities)
79,761
(130,206)
Total assets less current liabilities
508,938
32,031
Creditors: amounts falling due after more than one year
(141,710)
-
Provisions for liabilities
Deferred tax
(40,534)
(40,534)
Net assets/(liabilities)
326,694
(8,503)
Called up share capital
100
100
Profit and loss account
326,594
(8,603)
Shareholders' funds
326,694
(8,503)
For the period ending 30 March 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 10 February 2024 and were signed on its behalf by
Gian Manzi
Director
Company Registration No. 12465268
Bon Appetit Group London Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 March 2023
Bon Appetit Group London Limited is a private company, limited by shares, registered in England and Wales, registration number 12465268. The registered office is 42 Lytton Road, Barnet, EN5 5BY, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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).
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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:
Plant & machinery
25% reducing balance
Computer equipment
33% on cost
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.
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Bon Appetit Group London Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 March 2023
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. 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are
not discounted.
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal
to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is
allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis
over the lease term.
Contributions to defined contribution plans are expensed in the period to which they relate.
Bon Appetit Group London Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 March 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
178,770
-
178,770
Additions
375,066
11,412
386,478
At 30 March 2023
553,836
11,412
565,248
At 1 April 2022
16,633
-
16,633
Charge for the period
115,169
4,369
119,538
At 30 March 2023
131,802
4,369
136,171
At 30 March 2023
422,034
7,043
429,077
At 31 March 2022
162,137
-
162,137
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Investments
Subsidiary undertakings
Valuation at 1 April 2022
100
Valuation at 30 March 2023
100
Amounts falling due within one year
Trade debtors
403,579
175,672
Amounts due from group undertakings etc.
20,108
-
Accrued income and prepayments
21,160
-
Other debtors
15,568
33,463
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
55,355
-
Trade creditors
321,621
163,670
Amounts owed to group undertakings and other participating interests
-
184,432
Taxes and social security
180,846
83,752
Other creditors
128,216
91,304
Loans from directors
811
-
Bon Appetit Group London Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 March 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
141,710
-
9
Average number of employees
During the period the average number of employees was 88 (2022: 80).