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COMPANY REGISTRATION NUMBER: 07823154
GRUMBLES BISTRO LIMITED
Unaudited Financial Statements
31 October 2023
GRUMBLES BISTRO LIMITED
Financial Statements
Year ended 31 October 2023
Contents
Pages
Director's report
1
Accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5 to 8
GRUMBLES BISTRO LIMITED
Director's Report
Year ended 31 October 2023
The director presents his report and the unaudited financial statements of the company for the year ended 31 October 2023 .
Director
The director who served the company during the year was as follows:
A Turnbull
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 8 April 2024 and signed on behalf of the board by:
A Turnbull
Director
Registered office:
35 Churton Street
Pimlico
London
SW1V 2LT
GRUMBLES BISTRO LIMITED
Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of GRUMBLES BISTRO LIMITED
Year ended 31 October 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 October 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
BRADSHAW GOLD LTD Accountants
42 Kenilworth Drive Milton Keynes MK3 6AQ
8 April 2024
GRUMBLES BISTRO LIMITED
Statement of Income and Retained Earnings
Year ended 31 October 2023
2023
2022
Note
£
£
Turnover
661,283
616,251
Cost of sales
461,429
420,179
---------
---------
Gross profit
199,854
196,072
Administrative expenses
184,841
170,914
Other operating income
4,000
---------
---------
Operating profit
15,013
29,158
---------
---------
Profit before taxation
5
15,013
29,158
Tax on profit
--------
--------
Profit for the financial year and total comprehensive income
15,013
29,158
--------
--------
Retained losses at the start of the year
( 46,029)
( 75,187)
--------
--------
Retained losses at the end of the year
( 31,016)
( 46,029)
--------
--------
All the activities of the company are from continuing operations.
GRUMBLES BISTRO LIMITED
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
6
124,004
133,542
Tangible assets
7
14,785
17,394
---------
---------
138,789
150,936
Current assets
Stocks
13,890
11,675
Debtors
8
596
16,834
Cash at bank and in hand
19,850
--------
--------
14,486
48,359
Creditors: amounts falling due within one year
9
155,487
205,409
---------
---------
Net current liabilities
141,001
157,050
---------
---------
Total assets less current liabilities
( 2,212)
( 6,114)
Creditors: amounts falling due after more than one year
10
28,704
39,815
--------
--------
Net liabilities
( 30,916)
( 45,929)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 31,016)
( 46,029)
--------
--------
Shareholders deficit
( 30,916)
( 45,929)
--------
--------
These financial statements have been prepared 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'.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 April 2024 , and are signed on behalf of the board by:
A Turnbull
Director
GRUMBLES BISTRO LIMITED
Notes to the Financial Statements
Year ended 31 October 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 35 Churton Street, Pimlico, London, SW1V 2LT.
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.
Income 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
-
4% 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.
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:
Fixtures & Fittings
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2022: 10 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2023
2022
£
£
Amortisation of intangible assets
9,538
9,538
Depreciation of tangible assets
2,609
3,070
-------
-------
6. Intangible assets
Goodwill
£
Cost
At 1 November 2022 and 31 October 2023
238,460
---------
Amortisation
At 1 November 2022
104,918
Charge for the year
9,538
---------
At 31 October 2023
114,456
---------
Carrying amount
At 31 October 2023
124,004
---------
At 31 October 2022
133,542
---------
7. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 November 2022 and 31 October 2023
54,121
54,121
--------
--------
Depreciation
At 1 November 2022
36,727
36,727
Charge for the year
2,609
2,609
--------
--------
At 31 October 2023
39,336
39,336
--------
--------
Carrying amount
At 31 October 2023
14,785
14,785
--------
--------
At 31 October 2022
17,394
17,394
--------
--------
8. Debtors
2023
2022
£
£
Prepayments and accrued income
596
3,389
Other debtors
13,445
----
--------
596
16,834
----
--------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
11,984
Trade creditors
22,218
23,279
Accruals and deferred income
8,969
2,813
Social security and other taxes
29,726
31,087
Director loan accounts
82,590
148,230
---------
---------
155,487
205,409
---------
---------
10. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
28,704
39,815
--------
--------
11. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
A Turnbull
( 148,230)
65,640
( 82,590)
---------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
A Turnbull
( 195,154)
46,924
( 148,230)
---------
--------
---------