Company Registration No. 09075696 (England and Wales)
VERACE RESTAURANT LIMITED
Unaudited accounts
for the year ended 30 June 2023
VERACE RESTAURANT LIMITED
Unaudited accounts
Contents
VERACE RESTAURANT LIMITED
Company Information
for the year ended 30 June 2023
Company Number
09075696 (England and Wales)
Registered Office
20 SCHOOL ROAD
SALE
M33 7XF
ENGLAND
VERACE RESTAURANT LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
14,052
29,081
Cash at bank and in hand
54,392
58,133
Creditors: amounts falling due within one year
(44,617)
(23,000)
Net current assets
19,241
47,001
Total assets less current liabilities
33,293
76,082
Creditors: amounts falling due after more than one year
(43,709)
(53,779)
Net (liabilities)/assets
(10,416)
22,303
Called up share capital
100
100
Profit and loss account
(10,516)
22,203
Shareholders' funds
(10,416)
22,303
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 director acknowledges his 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 and authorised for issue on 29 February 2024 and were signed on its behalf by
Michele MAGNOTTA
Director
Company Registration No. 09075696
VERACE RESTAURANT LIMITED
Notes to the Accounts
for the year ended 30 June 2023
VERACE RESTAURANT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09075696. The registered office is 20 SCHOOL ROAD, SALE, M33 7XF, ENGLAND.
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 year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
49,511
54,973
12,209
116,693
At 30 June 2023
49,511
54,973
12,209
116,693
At 1 July 2022
32,731
45,960
8,921
87,612
Charge for the year
4,952
8,246
1,831
15,029
At 30 June 2023
37,683
54,206
10,752
102,641
At 30 June 2023
11,828
767
1,457
14,052
At 30 June 2022
16,780
9,013
3,288
29,081
Amounts falling due within one year
Accrued income and prepayments
725
347
VERACE RESTAURANT LIMITED
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,022
19,947
Trade creditors
8,889
11,594
Taxes and social security
4,739
4,108
Loans from directors
16,542
(23,812)
7
Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
-
5,833
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2023
2022
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
19,000
19,000
Later than one year and not later than five years
42,750
42,750
10
Average number of employees
During the year the average number of employees was 10 (2022: 5).