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Company Registration No. 03225339 (England and Wales)
Favorite (Restaurants) Limited Unaudited accounts for the year ended 31 July 2024
Favorite (Restaurants) Limited Unaudited accounts Contents
Page
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Favorite (Restaurants) Limited Company Information for the year ended 31 July 2024
Directors
Spyridon Kassaris Christos Lazanas
Company Number
03225339 (England and Wales)
Registered Office
44 ROSEMARY ROAD CLACTON ON SEA ESSEX CO15 1PB
Accountants
IDS Accountants Ltd 4 Pallister Road Clacton On Sea Essex CO15 1PQ
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Favorite (Restaurants) Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,486 
5,981 
Current assets
Inventories
6,000 
7,750 
Debtors
160,291 
160,291 
Cash at bank and in hand
121,210 
82,059 
287,501 
250,100 
Creditors: amounts falling due within one year
(127,419)
(116,525)
Net current assets
160,082 
133,575 
Total assets less current liabilities
164,568 
139,556 
Creditors: amounts falling due after more than one year
(19,193)
(28,020)
Net assets
145,375 
111,536 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
144,375 
110,536 
Shareholders' funds
145,375 
111,536 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Spyridon Kassaris Director Company Registration No. 03225339
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Favorite (Restaurants) Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Favorite (Restaurants) Limited is a private company, limited by shares, registered in England and Wales, registration number 03225339. The registered office is 44 ROSEMARY ROAD, CLACTON ON SEA, ESSEX, CO15 1PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
62,628 
At 31 July 2024
62,628 
Depreciation
At 1 August 2023
56,647 
Charge for the year
1,495 
At 31 July 2024
58,142 
Net book value
At 31 July 2024
4,486 
At 31 July 2023
5,981 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,742 
3,742 
Other debtors
156,549 
156,549 
160,291 
160,291 
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Favorite (Restaurants) Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,262 
12,920 
Taxes and social security
9,479 
848 
Other creditors
- 
4,658 
Loans from directors
99,878 
98,099 
Accruals
800 
- 
127,419 
116,525 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,193 
28,020 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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