Company Registration No. 06749621 (England and Wales)
THE SPINY LOBSTER GRILL & SEAFOOD MARKET LTD
Unaudited accounts
for the year ended 30 April 2024
THE SPINY LOBSTER GRILL & SEAFOOD MARKET LTD
Unaudited accounts
Contents
THE SPINY LOBSTER GRILL & SEAFOOD MARKET LTD
Company Information
for the year ended 30 April 2024
Directors
D M Singleton
E Trimnell
N Campbell
Company Number
06749621 (England and Wales)
Registered Office
128-130 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RS
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
THE SPINY LOBSTER GRILL & SEAFOOD MARKET LTD
Statement of financial position
as at 30 April 2024
Intangible assets
991
2,413
Tangible assets
34,486
40,084
Cash at bank and in hand
194,779
223,013
Creditors: amounts falling due within one year
(209,906)
(163,807)
Net current assets
20,222
84,379
Total assets less current liabilities
55,699
126,876
Creditors: amounts falling due after more than one year
(10,833)
(20,833)
Called up share capital
2
2
Profit and loss account
44,864
106,041
Shareholders' funds
44,866
106,043
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. 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 28 January 2025 and were signed on its behalf by
D M Singleton
Director
Company Registration No. 06749621
THE SPINY LOBSTER GRILL & SEAFOOD MARKET LTD
Notes to the Accounts
for the year ended 30 April 2024
THE SPINY LOBSTER GRILL & SEAFOOD MARKET LTD is a private company, limited by shares, registered in England and Wales, registration number 06749621. The registered office is 128-130 WHITELADIES ROAD, CLIFTON, BRISTOL, BS8 2RS.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value added tax. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
Over the term of the leasehold property
Plant & machinery
20% straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
THE SPINY LOBSTER GRILL & SEAFOOD MARKET LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
Costs capitalised represent the development of the company website and is amortised over five years on a straight line basis.
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 May 2023
144,194
79,639
223,833
At 30 April 2024
144,194
88,036
232,230
At 1 May 2023
121,985
61,764
183,749
Charge for the year
7,403
6,672
14,075
At 30 April 2024
129,388
68,356
197,744
At 30 April 2024
14,806
19,680
34,486
At 30 April 2023
22,209
17,875
40,084
Finished goods
21,956
13,921
THE SPINY LOBSTER GRILL & SEAFOOD MARKET LTD
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Accrued income and prepayments
8,055
5,100
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
81,816
69,532
Taxes and social security
32,017
32,197
Other creditors
84,166
49,134
9
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
200 Ordinary shares of £0.01 each
2
2
11
Operating lease commitments
2024
2023
At 30 April 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
41,340
41,340
Later than one year and not later than five years
48,230
89,570
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan, repayable on demand
128
224
128
224
13
Average number of employees
During the year the average number of employees was 21 (2023: 19).