Registered number
09510871
Green & Green Restaurants Ltd
Report and Accounts
31 March 2024
Green & Green Restaurants Ltd
Report to the directors on the preparation of the unaudited statutory accounts of Green & Green Restaurants Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Green & Green Restaurants Ltd for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
Nottinghamshire
NG8 2BE
27 September 2024
Green & Green Restaurants Ltd
Registered number: 09510871
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 19,487 22,984
Current assets
Stocks 5,989 8,892
Debtors 5 24,600 14,006
Cash at bank and in hand 71,744 114,738
102,333 137,636
Creditors: amounts falling due within one year 6 (60,635) (98,626)
Net current assets 41,698 39,010
Net assets 61,185 61,994
Capital and reserves
Called up share capital 100 100
Profit and loss account 61,085 61,894
Shareholders' funds 61,185 61,994
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.
L Green
Director
Approved by the board on 27 September 2024
Green & Green Restaurants Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
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 20% reducing balance
Fixtures, fittings, tools and equipment 25% 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 28,474
At 31 March 2024 28,474
Amortisation
At 1 April 2023 28,474
At 31 March 2024 28,474
Net book value
At 31 March 2024 -
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 88,711
Additions 1,612
At 31 March 2024 90,323
Depreciation
At 1 April 2023 65,727
Charge for the year 5,109
At 31 March 2024 70,836
Net book value
At 31 March 2024 19,487
At 31 March 2023 22,984
5 Debtors 2024 2023
£ £
Trade debtors 13,990 3,756
Other debtors 10,610 10,250
24,600 14,006
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,916 21,607
Corporation tax 2,944 4,829
Other taxes and social security costs 24,233 18,090
Other creditors 15,542 54,100
60,635 98,626
7 Other information
Green & Green Restaurants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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