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Registered number: 03929370
The Scrumptious Brunch & Lunch Co. Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03929370
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,720 15,316
28,720 15,316
CURRENT ASSETS
Stocks 215 250
Debtors 1,946 1,908
Cash at bank and in hand 43,709 36,909
45,870 39,067
Creditors: Amounts Falling Due Within One Year (79,520 ) (70,661 )
NET CURRENT ASSETS (LIABILITIES) (33,650 ) (31,594 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,930 ) (16,278 )
Creditors: Amounts Falling Due After More Than One Year 5 (18,041 ) (21,272 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,156 ) (386 )
NET LIABILITIES (26,127 ) (37,936 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (26,129 ) (37,938 )
SHAREHOLDERS' FUNDS (26,127) (37,936)
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Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Roger Wain
Director
29/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
The Scrumptious Brunch & Lunch Co. Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03929370 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for the provision of food and beverages, excluding discounts, rebates and value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Improvements 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.4. 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.
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2.5. Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  5 (2023: 4)
5 4
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 119,283
Additions 29,245
Disposals (66,113 )
As at 31 March 2024 82,415
Depreciation
As at 1 April 2023 103,967
Provided during the period 8,015
Impairment losses 26,016
Disposals (84,303 )
As at 31 March 2024 53,695
Net Book Value
As at 31 March 2024 28,720
As at 1 April 2023 15,316
5. Creditors: amounts falling due after five years
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 4,280 7,850
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Related Party Transactions
During the year the company rented its trading premise from the directors. The directors charged the company a below market rate rent of £6,000 (2023: £6,000).
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8. Exceptional Items
Other operating income is exclusively proceeds from an insurance claim.  This compensated the Company for the loss of equipment and leasehold improvements to rectify damage caused by flooding, as well as compensate for loss of revenue during the resultant period of downtime.
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