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REGISTERED NUMBER: 13948727 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

TUTTO RESTAURANTS LTD

TUTTO RESTAURANTS LTD (REGISTERED NUMBER: 13948727)

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


TUTTO RESTAURANTS LTD

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: 13948727 (England and Wales)





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

TUTTO RESTAURANTS LTD (REGISTERED NUMBER: 13948727)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,602 7,602
Tangible assets 5 886,702 1,015,497
892,304 1,023,099

CURRENT ASSETS
Stocks 29,299 30,201
Debtors 6 25,902 61,925
Cash at bank and in hand 114,866 218,004
170,067 310,130
CREDITORS
Amounts falling due within one year 7 (1,622,056 ) (1,839,511 )
NET CURRENT LIABILITIES (1,451,989 ) (1,529,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(559,685

)

(506,282

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (559,785 ) (506,382 )
(559,685 ) (506,282 )

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 25 February 2025 and were signed on its behalf by:




R Helalat - Director



M Blencowe - Director


TUTTO RESTAURANTS LTD (REGISTERED NUMBER: 13948727)

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


1. STATUTORY INFORMATION

Tutto Restaurants Ltd 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 is recognised at the point of sale. 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 five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 12 years
Plant and machinery - 20% on reducing balance
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 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.

TUTTO RESTAURANTS LTD (REGISTERED NUMBER: 13948727)

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


2. ACCOUNTING POLICIES - continued

Going concern
The directors acknowledge the net liabilities position and have agreed with the parent company that they will not recall the amounts owed to them. In addition, the parent company has confirmed it will continue to support the company so it is able to fulfil its obligations as they fall due.

Therefore, the directors believe that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of these financial statements. The directors have concluded that the going concern basis of preparation of these financial statements is appropriate.

3. EMPLOYEES

The average number of employees during the year was 30 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023 2,398
Amortisation for year 2,000
At 31 May 2024 4,398
NET BOOK VALUE
At 31 May 2024 5,602
At 31 May 2023 7,602

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 561,291 378,773 195,919 20,046 1,156,029
Additions 12,102 - - - 12,102
Disposals - - (821 ) - (821 )
At 31 May 2024 573,393 378,773 195,098 20,046 1,167,310
DEPRECIATION
At 1 June 2023 36,882 73,072 24,469 6,109 140,532
Charge for year 48,791 61,140 25,602 4,599 140,132
Eliminated on disposal - - (56 ) - (56 )
At 31 May 2024 85,673 134,212 50,015 10,708 280,608
NET BOOK VALUE
At 31 May 2024 487,720 244,561 145,083 9,338 886,702
At 31 May 2023 524,409 305,701 171,450 13,937 1,015,497

TUTTO RESTAURANTS LTD (REGISTERED NUMBER: 13948727)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,250 1,139
Other debtors 23,652 60,786
25,902 61,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 97,681 130,292
Taxation and social security 133,280 76,117
Other creditors 1,391,095 1,633,102
1,622,056 1,839,511

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 65,000 65,000
Between one and five years 260,000 260,000
In more than five years 509,167 574,167
834,167 899,167

9. RELATED PARTY DISCLOSURES


Companies under common control
Amount
due from

Amount
owed to
£ £
Opening balance 5034 1,473,772
Amounts advanced 63 358,359
Amounts repaid - (510,543 )
Closing balance 5097 1,321,588
These balances are included in debtors and creditors respectively.