Registered number
04166691
Vesuvio (UK) Limited
Filleted Accounts
28 February 2024
Vesuvio (UK) Limited
Registered number: 04166691
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 134,251 173,445
Current assets
Stocks 13,758 16,157
Debtors 4 19,399 19,103
Cash at bank and in hand 2,906 9,133
36,063 44,393
Creditors: amounts falling due within one year 5 (115,987) (84,205)
Net current liabilities (79,924) (39,812)
Total assets less current liabilities 54,327 133,633
Creditors: amounts falling due after more than one year 6 (24,167) (34,232)
Provisions for liabilities (11,346) (11,346)
Net assets 18,814 88,055
Capital and reserves
Called up share capital 4 4
Share premium 2 2
Profit and loss account 18,808 88,049
Shareholder's funds 18,814 88,055
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
N Jabir
Director
Approved by the board on 21 November 2024
Vesuvio (UK) Limited
Notes to the Accounts
for the year ended 28 February 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Leasehold land and buildings 5% straight line
Plant and machinery 20& 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
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 30 32
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 625,682 446,495 1,072,177
Additions - 5,581 5,581
At 28 February 2024 625,682 452,076 1,077,758
Depreciation
At 1 March 2023 514,112 384,620 898,732
Charge for the year 31,284 13,491 44,775
At 28 February 2024 545,396 398,111 943,507
Net book value
At 28 February 2024 80,286 53,965 134,251
At 28 February 2023 111,570 61,875 173,445
4 Debtors 2024 2023
£ £
Trade debtors 170 -
Other debtors 19,229 19,103
19,399 19,103
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 68,724 26,313
Trade creditors 22,286 17,268
Taxation and social security costs 6,804 22,984
Other creditors 18,173 17,640
115,987 84,205
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,167 34,232
7 Other information
Vesuvio (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Vesuvio Restaurant
The Seafront, Alum Chine
Bournemouth
BH4 8AN
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