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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
Directors D Collins
C Collins
Company number 05178966
Registered office Lydford Road
Alfreton
Derbyshire
DE55 7RQ
Bankers NatWest
19 Dale Road
Matlock
Derbyshire
DE4 3YA
Carvery & Grill Limited
Abridged statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 1,110 860
Tangible assets 6 298,459 357,612
_______ _______
299,569 358,472
Current assets
Stocks 40,901 55,118
Debtors 175,247 122,971
Cash at bank and in hand 137,844 170,276
_______ _______
353,992 348,365
Creditors: amounts falling due
within one year ( 763,589) ( 623,064)
_______ _______
Net current liabilities ( 409,597) ( 274,699)
_______ _______
Total assets less current liabilities ( 110,028) 83,773
Creditors: amounts falling due
after more than one year ( 14,040) ( 33,980)
_______ _______
Net (liabilities)/assets ( 124,068) 49,793
_______ _______
Capital and reserves
Called up share capital 7 100 100
Profit and loss account ( 124,168) 49,693
_______ _______
Shareholders (deficit)/funds ( 124,068) 49,793
_______ _______
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:
- 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;
- 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:
Plant and machinery - 33.33 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
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
£
Cost
At 1 May 2023 860
Additions 250
_______
At 30 April 2024 1,110
_______
Amortisation
At 1 May 2023 and 30 April 2024 -
_______
Carrying amount
At 30 April 2024 1,110
_______
At 30 April 2023 860
_______
6. Tangible assets
£
Cost
At 1 May 2023 641,190
Additions 39,893
_______
At 30 April 2024 681,083
_______
Depreciation
At 1 May 2023 283,578
Charge for the year 99,046
_______
At 30 April 2024 382,624
_______
Carrying amount
At 30 April 2024 298,459
_______
At 30 April 2023 357,612
_______
7. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024 2023 2024 2023
£ £ £ £
Entities under common control ( 704,435) ( 594,645) ( 704,435) ( 594,645)
Entities under common control 137,501 101,354 137,501 101,354
_______ _______ _______ _______
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)