Company Registration No. 12724163 (England and Wales)
MB Restaurant Group Ltd
Unaudited accounts
for the year ended 31 July 2024
MB Restaurant Group Ltd
Unaudited accounts
Contents
MB Restaurant Group Ltd
Company Information
for the year ended 31 July 2024
Directors
M Beveridge
M Baylis
Company Number
12724163 (England and Wales)
Registered Office
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
Accountants
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
MB Restaurant Group Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
183,996
202,285
Cash at bank and in hand
75,645
39,557
Creditors: amounts falling due within one year
(66,942)
(57,330)
Net current assets/(liabilities)
20,953
(3,123)
Total assets less current liabilities
204,949
199,162
Creditors: amounts falling due after more than one year
(104,903)
(57,208)
Provisions for liabilities
Deferred tax
(38,034)
(32,408)
Called up share capital
100
100
Profit and loss account
61,912
109,446
Shareholders' funds
62,012
109,546
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 31 January 2025 and were signed on its behalf by
M Beveridge
Director
Company Registration No. 12724163
MB Restaurant Group Ltd
Notes to the Accounts
for the year ended 31 July 2024
MB Restaurant Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12724163. The registered office is Suite 2, Riverside Court, Castle Street, Barnstaple, Devon, EX31 1DR.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
14 Years Straight Line
Fixtures & fittings
10% Reducing Balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
52,000
202,663
254,663
Disposals
-
(5,984)
(5,984)
At 31 July 2024
52,000
206,011
258,011
At 1 August 2023
10,583
41,795
52,378
Charge for the year
5,799
16,701
22,500
At 31 July 2024
16,382
57,633
74,015
At 31 July 2024
35,618
148,378
183,996
At 31 July 2023
41,417
160,868
202,285
MB Restaurant Group Ltd
Notes to the Accounts
for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,150
8,333
Other creditors
11,975
992
Loans from directors
1,831
3,413
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
8,639
12,214
Other creditors
28,903
28,903
Loans from directors
19,935
9,935
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 29 (2023: 29).