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Registered number: 14522470
Little Bay Eatery Company Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14522470
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,819 11,939
8,819 11,939
CURRENT ASSETS
Stocks 5 3,541 3,200
Debtors 6 3,647 3,669
Cash at bank and in hand 150 3,687
7,338 10,556
Creditors: Amounts Falling Due Within One Year 7 (87,647 ) (77,772 )
NET CURRENT ASSETS (LIABILITIES) (80,309 ) (67,216 )
TOTAL ASSETS LESS CURRENT LIABILITIES (71,490 ) (55,277 )
NET LIABILITIES (71,490 ) (55,277 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (71,492 ) (55,279 )
SHAREHOLDERS' FUNDS (71,490) (55,277)
Page 1
Page 2
For the year ending 31 December 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.
On behalf of the board
Mr Peter Exton
Director
24 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Little Bay Eatery Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14522470 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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 25% on written down value
Fixtures & Fittings 25% on written down value
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 2,226 13,178 15,404
Additions - 95 95
Disposals - (351 ) (351 )
As at 31 December 2024 2,226 12,922 15,148
...CONTINUED
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Depreciation
As at 1 January 2024 522 2,943 3,465
Provided during the period 426 2,511 2,937
Disposals - (73 ) (73 )
As at 31 December 2024 948 5,381 6,329
Net Book Value
As at 31 December 2024 1,278 7,541 8,819
As at 1 January 2024 1,704 10,235 11,939
5. Stocks
31 December 2024 31 December 2023
£ £
Stock 3,541 3,200
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors 3,647 3,669
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 627 9,455
Bank loans and overdrafts 211 -
Other creditors 81,456 64,746
Taxation and social security 5,353 3,571
87,647 77,772
8. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 2 2
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