Registered number
07335914
Flint Burrell Ltd
Filleted Accounts
31 December 2023
Flint Burrell Ltd
Registered number: 07335914
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 22,890 26,303
Current assets
Stocks 12,217 8,174
Debtors 4 56,585 63,978
Cash at bank and in hand 92,329 89,488
161,131 161,640
Creditors: amounts falling due within one year 5 (94,707) (88,493)
Net current assets 66,424 73,147
Total assets less current liabilities 89,314 99,450
Creditors: amounts falling due after more than one year 6 (15,837) (25,837)
Net assets 73,477 73,613
Capital and reserves
Called up share capital 102 102
Profit and loss account 73,375 73,511
Shareholders' funds 73,477 73,613
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.
Mark Burrell
Director
Approved by the board on 13 September 2024
Flint Burrell Ltd
Notes to the Accounts
for the year ended 31 December 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).
Turnover
Turnover is the sale of food and drink (excluding VAT) taken daily by cash or credit card.
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:
Plant and machinery etc over 4 years
Motor vehicles 15% reducing balance
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
The nature of the business means there are no trade debtors.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 24 20
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 50,873 8,612 59,485
Additions 7,499 - 7,499
At 31 December 2023 58,372 8,612 66,984
Depreciation
At 1 January 2023 31,029 2,153 33,182
Charge for the year 9,297 1,615 10,912
At 31 December 2023 40,326 3,768 44,094
Net book value
At 31 December 2023 18,046 4,844 22,890
At 31 December 2022 19,844 6,459 26,303
4 Debtors 2023 2022
£ £
Other debtors 56,585 63,978
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,996 9,996
Trade creditors 28,709 30,201
Taxation and social security costs 25,262 19,310
Other creditors 30,740 28,986
94,707 88,493
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,837 25,837
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 73,653 103,653
8 Other information
Flint Burrell Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rycroft
School Road
Broughton
Cambs
PE28 3AT
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