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REGISTERED NUMBER: 12108851 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BURNT ORANGE BARS LIMITED

BURNT ORANGE BARS LIMITED (REGISTERED NUMBER: 12108851)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BURNT ORANGE BARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: R Helalat
M Blencowe





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 12108851 (England and Wales)





ACCOUNTANTS: Galloways Accounting
15 West Street
Brighton
East Sussex
BN1 2RL

BURNT ORANGE BARS LIMITED (REGISTERED NUMBER: 12108851)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 4,015
Tangible assets 5 387,188 452,812
387,188 456,827

CURRENT ASSETS
Stocks 24,728 20,706
Debtors 6 1,527,007 1,355,088
Cash at bank 454,082 303,333
2,005,817 1,679,127
CREDITORS
Amounts falling due within one year 7 (925,234 ) (1,144,479 )
NET CURRENT ASSETS 1,080,583 534,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,467,771

991,475

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,467,571 991,275
1,467,771 991,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:




R Helalat - Director



M Blencowe - Director


BURNT ORANGE BARS LIMITED (REGISTERED NUMBER: 12108851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Burnt Orange Bars 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the usual trade of a restaurant.

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.

Website costs are being amortised evenly over the estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the term of the lease
Improvements to property - over the term of the lease
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Taxation
Taxation for the year comprises current 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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BURNT ORANGE BARS LIMITED (REGISTERED NUMBER: 12108851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES

The average number of employees during the year was 49 (2023 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 June 2023
and 31 May 2024 13,190
AMORTISATION
At 1 June 2023 9,175
Amortisation for year 4,015
At 31 May 2024 13,190
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 4,015

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 8,536 427,149 180,954 26,257 642,896
Additions - 846 - - 846
At 31 May 2024 8,536 427,995 180,954 26,257 643,742
DEPRECIATION
At 1 June 2023 2,336 91,495 80,459 15,794 190,084
Charge for year 800 47,143 15,074 3,453 66,470
At 31 May 2024 3,136 138,638 95,533 19,247 256,554
NET BOOK VALUE
At 31 May 2024 5,400 289,357 85,421 7,010 387,188
At 31 May 2023 6,200 335,654 100,495 10,463 452,812

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 746
Other debtors 1,527,007 1,354,342
1,527,007 1,355,088

BURNT ORANGE BARS LIMITED (REGISTERED NUMBER: 12108851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 153,860 148,282
Taxation and social security 300,115 278,809
Other creditors 471,259 717,388
925,234 1,144,479

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 40,000 40,000
Between one and five years 160,000 160,000
In more than five years 186,667 226,667
386,667 426,667

9. RELATED PARTY DISCLOSURES

Companies under common control

Amount
due from

Amount
owed to
£ £
Opening balance 1,322,724 213,599
Amounts advanced 243,795 368,356
Amounts repaid (96,047 ) (375,790 )
Closing balance 1,470,472 206,165

These balances are included in debtors and creditors respectively.