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Registration number: 11865338

Bianchi Cousins Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

Pages for filing with Registrar

 

Bianchi Cousins Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Bianchi Cousins Limited

Company Information

Directors

D C Borel

B M Harvey

J H Harvey

Registered office

Mill Cottage
Mina Road
Bristol
BS2 9YN

Registered number

11865338

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Bianchi Cousins Limited

(Registration number: 11865338)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

96,781

107,780

Current assets

 

Stocks

8,464

11,990

Debtors

5

262,955

144,629

Cash at bank and in hand

 

3,837

12,561

 

275,256

169,180

Creditors: Amounts falling due within one year

6

(291,956)

(112,981)

Net current (liabilities)/assets

 

(16,700)

56,199

Total assets less current liabilities

 

80,081

163,979

Creditors: Amounts falling due after more than one year

6

(113,774)

(106,666)

Net (liabilities)/assets

 

(33,693)

57,313

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(33,793)

57,213

Total equity

 

(33,693)

57,313

 

Bianchi Cousins Limited

(Registration number: 11865338)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 29 October 2024 and signed on its behalf by:
 

.........................................

D C Borel
Director

 

Bianchi Cousins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Mill Cottage
Mina Road
Bristol
BS2 9YN

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the forecasted cashflows for the company for the twelve months from the date of approval of these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bianchi Cousins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Government grants

Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Kitchen equipment

25% Straight line

Short leasehold improvements

over the life of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Trade creditors

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

 

Bianchi Cousins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 14).

 

Bianchi Cousins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible fixed assets

Short leasehold improvements
 £

Kitchen equipment
 £

Office and IT equipment
£

Total
£

Cost

At 1 February 2023

152,395

36,777

2,167

191,339

Additions

5,475

4,217

332

10,024

At 31 January 2024

157,870

40,994

2,499

201,363

Depreciation

At 1 February 2023

51,259

31,929

371

83,559

Charge for the year

15,650

4,755

618

21,023

At 31 January 2024

66,909

36,684

989

104,582

Carrying amount

At 31 January 2024

90,961

4,310

1,510

96,781

At 31 January 2023

101,136

4,848

1,796

107,780

 

Bianchi Cousins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

19,354

21,697

Other debtors

235,512

120,711

Prepayments

2,894

2,134

Corporation tax control

5,195

-

Directors' loan accounts

-

87

262,955

144,629

6

Creditors

2024
£

2023
£

Amounts falling due within one year

Bank loans and overdrafts

10,000

10,000

Trade creditors

28,340

21,576

Taxation and social security

86,044

63,879

Other creditors

116,795

4,075

Accruals

9,805

7,990

Directors' loan accounts

46,167

268

Corporation tax

(5,195)

5,193

291,956

112,981

2024
£

2023
£

Due after one year

Loans and borrowings

113,774

106,666

 

Bianchi Cousins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

19,020

19,020

Later than one year and not later than five years

76,080

76,080

Later than five years

4,755

23,775

99,855

118,875

The amount of non-cancellable operating lease payments recognised as an expense during the year was £19,020 (2023 - £19,020).

9

Related party transactions

Transactions with directors

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Director

87

15,514

(37,500)

(21,899)

 

2023

At 1 February 2022
£

Advances to director
£

At 31 January 2023
£

Director

30

57

87

 

Bianchi Cousins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

 

Loans to related parties

2024

Other related parties
£

At start of period

82,791

Advanced

203,701

At end of period

286,492

2023

Other related parties
£

At start of period

54,144

Advanced

172,249

Repaid

(143,602)

At end of period

82,791

Loans from related parties

2024

Other related parties
£

At start of period

75,000

2023

Other related parties
£

At start of period

100,000

Repaid

(25,000)

At end of period

75,000

This loan is unsecured and interest free.