Registered number
14306031
The Crab At Dartmouth Ltd
Unaudited Filleted Accounts
31 August 2023
The Crab At Dartmouth Ltd
Registered number: 14306031
Balance Sheet
as at 31 August 2023
Notes 2023
£
Fixed assets
Intangible assets 3 135,000
Tangible assets 4 34,865
169,865
Current assets
Stocks 6,019
Debtors 5 9,302
Cash at bank and in hand 70,822
86,143
Creditors: amounts falling due within one year 6 (89,352)
Net current liabilities (3,209)
Total assets less current liabilities 166,656
Creditors: amounts falling due after more than one year 7 (158,729)
Provisions for liabilities (1,338)
Net assets 6,589
Capital and reserves
Called up share capital 100
Profit and loss account 6,489
Shareholders' funds 6,589
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 M Readman
Director
Approved by the board on 19 April 2024
The Crab At Dartmouth Ltd
Notes to the Accounts
for the period from 19 August 2022 to 31 August 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). The financial statements are presented in sterling which is the functional currency of the and are rounded to the nearest £.
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 rendering of services recognised when the service has been completed.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Leasehold improvements over the term of the lease
Plant and machinery over 4 years
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 and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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. 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
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 5
3 Intangible fixed assets £
Goodwill:
Cost
Additions 150,000
At 31 August 2023 150,000
Amortisation
Provided during the period 15,000
At 31 August 2023 15,000
Net book value
At 31 August 2023 135,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 30,237 9,275 39,512
At 31 August 2023 30,237 9,275 39,512
Depreciation
Charge for the period 2,328 2,319 4,647
At 31 August 2023 2,328 2,319 4,647
Net book value
At 31 August 2023 27,909 6,956 34,865
5 Debtors 2023
£
Other debtors 9,302
6 Creditors: amounts falling due within one year 2023
£
Bank loans and overdrafts 22,296
Trade creditors 22,917
Taxation and social security costs 27,600
Other creditors 16,539
89,352
7 Creditors: amounts falling due after one year 2023
£
Bank loans 158,729
The above loans are secured via fixed and floating charges over the company's assets.
8 Other financial commitments 2023
£
Total future minimum payments under non-cancellable operating leases 351,351
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest free, repayable on demand - 8,389 (4,962) 3,427
Director
Interest free, repayable on demand - 8,389 (4,962) 3,427
- 16,778 (9,924) 6,854
10 Other information
The Crab At Dartmouth Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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