Company registration number:
05178966
Carvery & Grill Limited
Unaudited filleted abridged financial statements
30 April 2024
Carvery & Grill Limited
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Carvery & Grill Limited
Directors and other information
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Directors |
D Collins |
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C Collins |
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Company number |
05178966 |
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Registered office |
Lydford Road |
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Alfreton |
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Derbyshire |
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DE55 7RQ |
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Carvery & Grill Limited
Abridged statement of financial position
30 April 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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5 |
1,110 |
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860 |
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Tangible assets |
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6 |
298,459 |
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357,612 |
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_______ |
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_______ |
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299,569 |
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358,472 |
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Current assets |
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Stocks |
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40,901 |
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55,118 |
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Debtors |
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175,247 |
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122,971 |
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Cash at bank and in hand |
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137,844 |
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170,276 |
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_______ |
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_______ |
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353,992 |
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348,365 |
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Creditors: amounts falling due |
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within one year |
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(
763,589) |
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(
623,064) |
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_______ |
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_______ |
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Net current liabilities |
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(
409,597) |
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(
274,699) |
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_______ |
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Total assets less current liabilities |
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(
110,028) |
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83,773 |
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Creditors: amounts falling due |
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after more than one year |
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(
14,040) |
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(
33,980) |
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_______ |
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_______ |
Net (liabilities)/assets |
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(
124,068) |
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49,793 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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7 |
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100 |
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100 |
Profit and loss account |
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(
124,168) |
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49,693 |
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_______ |
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Shareholders (deficit)/funds |
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(
124,068) |
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49,793 |
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_______ |
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_______ |
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the current year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
27 January 2025
, and are signed on behalf of the board by:
D Collins
Director
Company registration number:
05178966
Carvery & Grill Limited
Notes to the financial statements
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Lydford Road, Alfreton, Derbyshire, DE55 7RQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
The turnover shown in the profit and loss account represents amounts earned during the year, exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
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33.33 % |
reducing balance |
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Fittings fixtures and equipment |
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25 % |
reducing balance |
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Motor vehicles |
- |
25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
19
(2023:
6
).
5.
Intangible assets
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£ |
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Cost |
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At 1 May 2023 |
860 |
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Additions |
250 |
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_______ |
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At 30 April 2024 |
1,110 |
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_______ |
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Amortisation |
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At 1 May 2023 and 30 April 2024 |
- |
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_______ |
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Carrying amount |
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At 30 April 2024 |
1,110 |
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_______ |
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At 30 April 2023 |
860 |
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_______ |
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6.
Tangible assets
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£ |
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Cost |
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At 1 May 2023 |
641,190 |
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Additions |
39,893 |
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_______ |
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At 30 April 2024 |
681,083 |
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_______ |
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Depreciation |
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At 1 May 2023 |
283,578 |
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Charge for the year |
99,046 |
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_______ |
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At 30 April 2024 |
382,624 |
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_______ |
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Carrying amount |
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At 30 April 2024 |
298,459 |
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_______ |
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At 30 April 2023 |
357,612 |
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_______ |
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7.
Called up share capital
Issued, called up and fully paid
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2024 |
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2023 |
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No |
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£ |
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No |
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£ |
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Ordinary shares shares of £
1.00 each |
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100 |
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100 |
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100 |
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100 |
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_______ |
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_______ |
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8.
Related party transactions
During the year the company entered into the following transactions with related parties:
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Transaction value |
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Balance owed by/(owed to) |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Entities under common control |
(
704,435) |
(
594,645) |
(
704,435) |
(
594,645) |
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Entities under common control |
137,501 |
101,354 |
137,501 |
101,354 |
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_______ |
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9.
Secured liabilities
The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £11,673 (2023 £21,679)