Company registration number NI680155 (Northern Ireland)
BLUE BURGER RESTAURANTS LTD
UNAUDITED FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
BLUE BURGER RESTAURANTS LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
BLUE BURGER RESTAURANTS LTD
COMPANY INFORMATION
- 1 -
Director
Stephen Hill
Secretary
Mrs R Hill
Company number
NI680155
Registered office
40 The Cutts
Derriaghy
Dunmurray
BELFAST
BT17 9HS
Accountants
Johnston Kennedy DFK
10 Pilots View
Heron Road
Belfast
BT3 9LE
Business address
40 The Cutts
Derriaghy
Dunmurray
BELFAST
BT17 9HS
Bankers
Ulster Bank Limited
18 Bow Street
Lisburn
Co. Antrim
BT28 1BN
BLUE BURGER RESTAURANTS LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
30 September 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
14,330
16,001
Tangible assets
5
335,233
343,015
349,563
359,016
Current assets
Stocks
14,947
20,289
Debtors
6
11,270
2,365
Cash at bank and in hand
20,149
17,995
46,366
40,649
Creditors: amounts falling due within one year
7
(323,313)
(151,197)
Net current liabilities
(276,947)
(110,548)
Total assets less current liabilities
72,616
248,468
Creditors: amounts falling due after more than one year
8
(247,503)
(346,138)
Provisions for liabilities
9
34,100
18,500
Net liabilities
(140,787)
(79,170)
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
(140,887)
(79,270)
Total equity
(140,787)
(79,170)
The notes on pages 4 to 9 form part of these financial statements
Compiled without audit or independent verification - refer to independent accountants' report
BLUE BURGER RESTAURANTS LTD
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023
30 September 2023
- 3 -
Directors' statement in respect of the financial statements
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the Financial Reporting Standard 102 1A - Small Entities.
The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
Stephen Hill
..............................
Stephen Hill
Director
Company Registration No. NI680155
The notes on pages 4 to 9 form part of these financial statements
Compiled without audit or independent verification - refer to independent accountants' report
BLUE BURGER RESTAURANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
1
Accounting policies
General information and basis of preparation
Blue Burger Restaurants Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is 40 The Cutts, Derriaghy, Dunmurray, BELFAST, BT17 9HS.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.1
Turnover
Turnover represents the total invoice value, excluding value added taxation, of services provided and disbursements during the year.
1.2
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Intangible Assets
10% straight line
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold Adaptations
20% straight line
Equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stock is valued at the lower of cost and net realisable value.
BLUE BURGER RESTAURANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.5
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
BLUE BURGER RESTAURANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 6 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Operating loss
2023
2022
Operating loss for the period is stated after charging:
£
£
Depreciation of owned tangible fixed assets
60,047
67,506
Amortisation of intangible assets
1,671
712
Operating lease charges
52,054
26,129
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
30
30
BLUE BURGER RESTAURANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 7 -
4
Intangible fixed assets
Intangible Assets
£
Cost
At 1 October 2022 and 30 September 2023
16,713
Amortisation and impairment
At 1 October 2022
712
Amortisation charged for the year
1,671
At 30 September 2023
2,383
Carrying amount
At 30 September 2023
14,330
At 30 September 2022
16,001
5
Tangible fixed assets
Fixtures & fittings
Equipment
Leasehold Adaptations
Total
£
£
£
£
Cost
At 1 October 2022
184,413
169,563
56,545
410,521
Additions
35,000
2,265
15,000
52,265
At 30 September 2023
219,413
171,828
71,545
462,786
Depreciation and impairment
At 1 October 2022
30,045
28,037
9,424
67,506
Depreciation charged in the year
25,781
21,457
12,809
60,047
At 30 September 2023
55,826
49,494
22,233
127,553
Carrying amount
At 30 September 2023
163,587
122,334
49,312
335,233
At 30 September 2022
154,368
141,526
47,121
343,015
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Prepayments
11,270
2,365
BLUE BURGER RESTAURANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 8 -
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
112,365
106,541
Other taxation and social security
197,216
25,683
Accruals and deferred income
13,732
18,973
323,313
151,197
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
247,503
346,138
9
Deferred taxation
The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:
Liabilities
Liabilities
2023
2022
Balances:
£
£
Accelerated capital allowances
(34,100)
(18,500)
2023
Movements in the year:
£
Asset at 1 October 2022
(18,500)
Credit to profit or loss
(15,600)
Asset at 30 September 2023
(34,100)
The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.
10
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 of £1 each
100
100
100
100
BLUE BURGER RESTAURANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 9 -
11
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2023
2022
£
£
77,400
77,400
12
Capital commitments
The company had no financial commitments at 30 September 2023 and 30 September 2022.
13
Related party transactions
At 30 September 2023 the balance due to related entities was £247,503 (2022: £346,138), this is included within creditors due after one year. There was no interest due on this loan.
14
Going concern
At the end of the period there was a deficit in the balance sheet of £140,787. The director has reviewed post period end trading and is confident that the company will be profitable and will return to a solvent position within the foreseeable future. The company is depended on the continued support of the related entities.
2023-09-302022-10-01false31 July 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityStephen HillMrs R HillfalsefalseNI6801552022-10-012023-09-30NI680155bus:Director12022-10-012023-09-30NI680155bus:CompanySecretary12022-10-012023-09-30NI680155bus:RegisteredOffice2022-10-012023-09-30NI680155bus:Agent12022-10-012023-09-30NI6801552023-09-30NI6801552022-09-30NI680155core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-09-30NI680155core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-09-30NI680155core:LandBuildings2023-09-30NI680155core:FurnitureFittings2022-09-30NI680155core:PlantMachinery2022-09-30NI680155core:LandBuildings2022-09-30NI680155core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-30NI680155core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-30NI680155core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-30NI680155core:Non-currentFinancialInstrumentscore:AfterOneYear2022-09-30NI680155core:CurrentFinancialInstruments2023-09-30NI680155core:CurrentFinancialInstruments2022-09-30NI680155core:ShareCapital2023-09-30NI680155core:ShareCapital2022-09-30NI680155core:RetainedEarningsAccumulatedLosses2023-09-30NI680155core:RetainedEarningsAccumulatedLosses2022-09-30NI680155core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-30NI680155core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-10-012023-09-30NI680155core:LeaseholdImprovements2022-10-012023-09-30NI680155core:PlantMachinery2022-10-012023-09-30NI680155core:FurnitureFittings2022-10-012023-09-30NI680155core:OwnedAssets2022-10-012023-09-30NI6801552021-06-182022-09-30NI680155core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-09-30NI680155core:FurnitureFittings2022-09-30NI680155core:PlantMachinery2022-09-30NI680155core:LeaseholdImprovements2022-09-30NI6801552022-09-30NI680155core:FurnitureFittings2023-09-30NI680155core:LandBuildings2022-10-012023-09-30NI680155core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-09-30NI680155core:WithinOneYear2023-09-30NI680155core:Non-currentFinancialInstruments2023-09-30NI680155core:Non-currentFinancialInstruments2022-09-30NI680155bus:PrivateLimitedCompanyLtd2022-10-012023-09-30NI680155bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-30NI680155bus:FRS1022022-10-012023-09-30NI680155bus:AuditExemptWithAccountantsReport2022-10-012023-09-30NI680155bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP