IRIS Accounts Production v24.3.2.46 07319963 director 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073199632023-06-30073199632024-06-30073199632023-07-012024-06-30073199632022-06-30073199632022-07-012023-06-30073199632023-06-3007319963ns15:EnglandWales2023-07-012024-06-3007319963ns14:PoundSterling2023-07-012024-06-3007319963ns10:Director12023-07-012024-06-3007319963ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007319963ns10:SmallEntities2023-07-012024-06-3007319963ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007319963ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007319963ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007319963ns10:FullAccounts2023-07-012024-06-300731996312023-07-012024-06-3007319963ns10:CompanySecretary12023-07-012024-06-3007319963ns10:RegisteredOffice2023-07-012024-06-3007319963ns5:CurrentFinancialInstruments2024-06-3007319963ns5:CurrentFinancialInstruments2023-06-3007319963ns5:Non-currentFinancialInstruments2024-06-3007319963ns5:Non-currentFinancialInstruments2023-06-3007319963ns5:ShareCapital2024-06-3007319963ns5:ShareCapital2023-06-3007319963ns5:RetainedEarningsAccumulatedLosses2024-06-3007319963ns5:RetainedEarningsAccumulatedLosses2023-06-3007319963ns5:NetGoodwill2023-07-012024-06-3007319963ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3007319963ns5:PlantMachinery2023-07-012024-06-3007319963ns5:NetGoodwill2023-06-3007319963ns5:NetGoodwill2024-06-3007319963ns5:NetGoodwill2023-06-3007319963ns5:PlantMachinery2023-06-3007319963ns5:PlantMachinery2024-06-3007319963ns5:PlantMachinery2023-06-3007319963ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3007319963ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 07319963 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

New Capital Restaurant Limited

New Capital Restaurant Limited (Registered number: 07319963)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


New Capital Restaurant Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Miss F Lee





SECRETARY: Miss J Lee





REGISTERED OFFICE: 555 Smithdown Road
Liverpool
Merseyside
L15 5AF





REGISTERED NUMBER: 07319963 (England and Wales)





ACCOUNTANTS: Corbett & Co Accountants Ltd
Chartered Certified Accountants
555 Smithdown Road
Liverpool
Merseyside
L15 5AF

New Capital Restaurant Limited (Registered number: 07319963)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 18,122 12,399
18,122 12,399

CURRENT ASSETS
Inventories 1,335 1,395
Debtors 6 6,964 3,500
Cash at bank and in hand 155,074 150,291
163,373 155,186
CREDITORS
Amounts falling due within one year 7 60,878 36,473
NET CURRENT ASSETS 102,495 118,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,617

131,112

CREDITORS
Amounts falling due after more than one
year

8

25,000

35,000
NET ASSETS 95,617 96,112

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 95,615 96,110
SHAREHOLDERS' FUNDS 95,617 96,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 3 January 2025 and were signed by:



Miss F Lee - Director


New Capital Restaurant Limited (Registered number: 07319963)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

New Capital Restaurant 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, 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 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance

Stocks
Inventories 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 14 ) .

New Capital Restaurant Limited (Registered number: 07319963)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 1
AMORTISATION
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2023 39,714
Additions 10,614
Disposals (7,310 )
At 30 June 2024 43,018
DEPRECIATION
At 1 July 2023 27,315
Charge for year 3,198
Eliminated on disposal (5,617 )
At 30 June 2024 24,896
NET BOOK VALUE
At 30 June 2024 18,122
At 30 June 2023 12,399

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 6,964 3,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 18,012 682
Taxation and social security 41,886 34,811
Other creditors 980 980
60,878 36,473

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 25,000 35,000

New Capital Restaurant Limited (Registered number: 07319963)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RELATED PARTY DISCLOSURES

During the year, rent of £20,800 was paid to the director's family member for use of the business premises (£20800 in 2023).