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REGISTERED NUMBER: 11186278 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Bunce Restaurants Limited

Bunce Restaurants Limited (Registered number: 11186278)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bunce Restaurants Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: J M Bunce





REGISTERED OFFICE: Hermes House
Firefly Avenue
Swindon
Wiltshire
SN2 2GA





REGISTERED NUMBER: 11186278 (England and Wales)

Bunce Restaurants Limited (Registered number: 11186278)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,676 17,369

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 6,732 11,002
Cash at bank and in hand 23,027 13,481
33,759 28,483
CREDITORS
Amounts falling due within one year 6 137,376 71,632
NET CURRENT LIABILITIES (103,617 ) (43,149 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(86,941

)

(25,780

)

CREDITORS
Amounts falling due after more than one year 7 (14,511 ) (26,088 )

PROVISIONS FOR LIABILITIES (3,168 ) -
NET LIABILITIES (104,620 ) (51,868 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (104,622 ) (51,870 )
(104,620 ) (51,868 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:



J M Bunce - Director


Bunce Restaurants Limited (Registered number: 11186278)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Bunce Restaurants 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
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods and services
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on straight line basis
Fixtures and fittings - 20% on straight line basis
Computer equipment - 20% on straight line basis

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 Income Statement, 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.


Bunce Restaurants Limited (Registered number: 11186278)

Notes to the Financial Statements - continued
for the Year Ended 28 February 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The accounts have been prepared on the going concern basis which assumes the continued support of the company's bankers and creditors.The director has undertaken to continue to provide financial support to the company. If such support were not forthcoming the accounts would need to be restated on a break-up basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 37,942 13,321 6,254 57,517
Additions 8,235 - 498 8,733
At 28 February 2024 46,177 13,321 6,752 66,250
DEPRECIATION
At 1 March 2023 26,874 11,050 2,224 40,148
Charge for year 7,234 842 1,350 9,426
At 28 February 2024 34,108 11,892 3,574 49,574
NET BOOK VALUE
At 28 February 2024 12,069 1,429 3,178 16,676
At 28 February 2023 11,068 2,271 4,030 17,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,777 2,750
Deferred tax asset - 7,857
Prepayments and accrued income 1,955 395
6,732 11,002

Bunce Restaurants Limited (Registered number: 11186278)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,609 11,640
Other loans 44,800 -
Trade creditors 28,436 18,399
Social security and other taxes 4,813 3,698
VAT 28,650 23,190
Other creditors 1,102 887
Directors' current accounts 10,221 11,568
Accruals and deferred income 7,745 2,250
137,376 71,632

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,609 11,640
Bank loans - 2-5 years 2,902 14,448
14,511 26,088