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Unaudited Financial Statements

for the Year Ended 31 May 2024

for

The Punch Bowl Restaurant Ltd

The Punch Bowl Restaurant Ltd (Registered number: 10714308)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Punch Bowl Restaurant Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D W Kelsey
Mrs P J Kelsey





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 10714308 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

The Punch Bowl Restaurant Ltd (Registered number: 10714308)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,500 18,000
Tangible assets 5 29,290 38,485
42,790 56,485

CURRENT ASSETS
Stocks 24,782 50,126
Debtors 6 211,455 70,122
Cash at bank and in hand 120,981 169,075
357,218 289,323
CREDITORS
Amounts falling due within one year 7 76,526 31,890
NET CURRENT ASSETS 280,692 257,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,482

313,918

PROVISIONS FOR LIABILITIES 4,940 -
NET ASSETS 318,542 313,918

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 318,442 313,818
318,542 313,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Punch Bowl Restaurant Ltd (Registered number: 10714308)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





Mrs P J Kelsey - Director


The Punch Bowl Restaurant Ltd (Registered number: 10714308)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

The Punch Bowl Restaurant Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on reducing balance and Straight line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

The Punch Bowl Restaurant Ltd (Registered number: 10714308)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 45,000
AMORTISATION
At 1 June 2023 27,000
Amortisation for year 4,500
At 31 May 2024 31,500
NET BOOK VALUE
At 31 May 2024 13,500
At 31 May 2023 18,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 26,134 9,450 46,001 3,471 85,056
Additions 2,436 400 - - 2,836
Disposals (3,940 ) - - - (3,940 )
At 31 May 2024 24,630 9,850 46,001 3,471 83,952
DEPRECIATION
At 1 June 2023 16,878 7,613 19,261 2,819 46,571
Charge for year 2,507 559 6,685 618 10,369
Eliminated on disposal (2,278 ) - - - (2,278 )
At 31 May 2024 17,107 8,172 25,946 3,437 54,662
NET BOOK VALUE
At 31 May 2024 7,523 1,678 20,055 34 29,290
At 31 May 2023 9,256 1,837 26,740 652 38,485

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,480 2,760
Social security and other tax - 5,169
Directors' loan accounts 164,705 18,951
Tax 11,871 16,790
Prepayments 31,399 26,452
211,455 70,122

The Punch Bowl Restaurant Ltd (Registered number: 10714308)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,346 2,409
Tax 4,963 4,362
Social security and other taxes 14,158 817
Other creditors 6,610 222
Deferred income 41,332 19,190
Accrued expenses 5,117 4,890
76,526 31,890