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REGISTERED NUMBER: 05608333 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Submarine Sandwiches (Corby) Limited

Submarine Sandwiches (Corby) Limited (Registered number: 05608333)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Submarine Sandwiches (Corby) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr S Goyal



REGISTERED OFFICE: The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW



REGISTERED NUMBER: 05608333 (England and Wales)



ACCOUNTANTS: Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW



BANKERS: HSBC
9 Rose Lane
Canterbury
Kent
CT1 2JP

Submarine Sandwiches (Corby) Limited (Registered number: 05608333)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 55,439 61,997
Tangible assets 5 161,171 101,248
216,610 163,245

CURRENT ASSETS
Stocks 6,125 6,500
Debtors 254,024 256,315
Cash at bank and in hand 240,406 223,506
500,555 486,321
CREDITORS
Amounts falling due within one year 103,133 128,220
NET CURRENT ASSETS 397,422 358,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,032

521,346

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 613,832 521,146
SHAREHOLDERS' FUNDS 614,032 521,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

Submarine Sandwiches (Corby) Limited (Registered number: 05608333)

Abridged Balance Sheet - continued
31 March 2024



The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





Mr S Goyal - Director


Submarine Sandwiches (Corby) Limited (Registered number: 05608333)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Submarine Sandwiches (Corby) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Submarine Sandwiches (Corby) Limited (Registered number: 05608333)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 132,575
AMORTISATION
At 1 April 2023 70,578
Amortisation for year 6,558
At 31 March 2024 77,136
NET BOOK VALUE

At 31 March 2024 55,439
At 31 March 2023 61,997

Submarine Sandwiches (Corby) Limited (Registered number: 05608333)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 332,552
Additions 88,365
At 31 March 2024 420,917
DEPRECIATION
At 1 April 2023 231,304
Charge for year 28,442
At 31 March 2024 259,746
NET BOOK VALUE
At 31 March 2024 161,171
At 31 March 2023 101,248

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Goyal.