2023-01-01 2023-12-31 false Capium Accounts Production 1.1 11122662 bus:FullAccounts 2023-01-01 2023-12-31 11122662 bus:FRS102 2023-01-01 2023-12-31 11122662 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11122662 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11122662 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11122662 2023-01-01 2023-12-31 11122662 2023-12-31 11122662 bus:RegisteredOffice 2023-01-01 2023-12-31 11122662 core:WithinOneYear 2023-12-31 11122662 core:AfterOneYear 2023-12-31 11122662 bus:Director1 2023-01-01 2023-12-31 11122662 bus:Director1 2023-12-31 11122662 bus:Director1 2022-01-01 2022-12-31 11122662 2022-01-01 11122662 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 11122662 2022-01-01 2022-12-31 11122662 2022-12-31 11122662 core:WithinOneYear 2022-12-31 11122662 core:AfterOneYear 2022-12-31 11122662 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 11122662 core:LandBuildings 2023-01-01 2023-12-31 11122662 core:LandBuildings 2023-12-31 11122662 core:LandBuildings 2022-12-31 11122662 core:FurnitureFittings 2023-01-01 2023-12-31 11122662 core:FurnitureFittings 2023-12-31 11122662 core:FurnitureFittings 2022-12-31 11122662 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 11122662 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 11122662 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 11122662 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 11122662 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 11122662 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 11122662 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 11122662 core:Non-currentFinancialInstruments 2023-12-31 11122662 core:Non-currentFinancialInstruments 2022-12-31 11122662 core:ShareCapital 2023-12-31 11122662 core:ShareCapital 2022-12-31 11122662 core:RetainedEarningsAccumulatedLosses 2023-12-31 11122662 core:RetainedEarningsAccumulatedLosses 2022-12-31 11122662 dpl:Item1 2023-01-01 11122662 dpl:Item1 2023-12-31 11122662 dpl:Item1 2022-01-01 11122662 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11122662
England and Wales

 

 

 

GREYSHELLS RESTAURANT LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Mr M MIAH
Registered Number 11122662
Registered Office London House
High Street
Borth
SY24 5JF
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 14,496    14,844 
14,496    14,844 
Current assets      
Stocks 4 510    417 
Debtors 5   100 
Cash at bank and in hand 6,399    4,227 
6,909    4,744 
Creditors: amount falling due within one year 6 (18,602)   (18,037)
Net current assets (11,693)   (13,293)
 
Total assets less current liabilities 2,803    1,551 
Net assets 2,803    1,551 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 2,703    1,451 
Shareholders' funds 2,803    1,551 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 19 September 2024 and were signed by:


-------------------------------
Mr M MIAH
Director
2
General Information
GREYSHELLS RESTAURANT LTD is a private company, limited by shares, registered in England and Wales, registration number 11122662, registration address London House, High Street , Borth, SY24 5JF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 10% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 7 (2022 : 7).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 January 2023 11,366    6,053    17,419 
Additions    
Disposals    
At 31 December 2023 11,366    6,053    17,419 
Depreciation
At 01 January 2023   2,575    2,575 
Charge for year   348    348 
On disposals    
At 31 December 2023   2,923    2,923 
Net book values
Closing balance as at 31 December 2023 11,366    3,130    14,496 
Opening balance as at 01 January 2023 11,366    3,478    14,844 


4.

Stocks

2023
£
  2022
£
Finished Goods 510    417 
510    417 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors   100 
  100 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 1,462    223 
Bank Loans & Overdrafts 13,844    15,233 
Corporation Tax 610    710 
PAYE & Social Security 109    154 
Accrued Expenses 1,942    982 
Directors' Current Accounts 635    735 
18,602    18,037 

3