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COMPANY REGISTRATION NUMBER: 06478042
Relish (Doncaster) Limited
Filleted Unaudited Financial Statements
30 September 2024
Relish (Doncaster) Limited
Financial Statements
Year ended 30 September 2024
Contents
Pages
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 8
Relish (Doncaster) Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Relish (Doncaster) Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Relish (Doncaster) Limited for the year ended 30 September 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Relish (Doncaster) Limited, as a body, in accordance with the terms of our engagement letter dated 24 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Relish (Doncaster) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Relish (Doncaster) Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Relish (Doncaster) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Relish (Doncaster) Limited. You consider that Relish (Doncaster) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Relish (Doncaster) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
10 March 2025
Relish (Doncaster) Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
364,242
374,041
Current assets
Stocks
33,789
37,844
Debtors: due within one year
6
168,531
75,509
Debtors: due after more than one year
6
154,896
Cash at bank and in hand
294,007
258,788
---------
---------
496,327
527,037
Creditors: amounts falling due within one year
7
242,217
255,521
---------
---------
Net current assets
254,110
271,516
---------
---------
Total assets less current liabilities
618,352
645,557
Creditors: amounts falling due after more than one year
8
6,667
16,667
Provisions
Taxation including deferred tax
35,495
36,380
---------
---------
Net assets
576,190
592,510
---------
---------
Relish (Doncaster) Limited
Statement of Financial Position (continued)
30 September 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
576,090
592,410
---------
---------
Shareholders funds
576,190
592,510
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 March 2025 , and are signed on behalf of the board by:
P Moullali
Director
Company registration number: 06478042
Relish (Doncaster) Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Hebblethwaites, 2 Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.
Revenue recognition
Turnover for the year reflects total sales revenue, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Crockery and Glassware
-
15% reducing balance
Fixtures and Fittings
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Office Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 48 (2023: 47 ).
5. Tangible assets
Investment property
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Oct 2023
182,742
6,559
985,228
35,265
7,428
1,217,222
Additions
23,814
23,814
---------
-------
------------
--------
-------
------------
At 30 Sep 2024
182,742
6,559
1,009,042
35,265
7,428
1,241,036
---------
-------
------------
--------
-------
------------
Depreciation
At 1 Oct 2023
5,986
807,883
21,884
7,428
843,181
Charge for the year
88
30,179
3,346
33,613
---------
-------
------------
--------
-------
------------
At 30 Sep 2024
6,074
838,062
25,230
7,428
876,794
---------
-------
------------
--------
-------
------------
Carrying amount
At 30 Sep 2024
182,742
485
170,980
10,035
364,242
---------
-------
------------
--------
-------
------------
At 30 Sep 2023
182,742
573
177,345
13,381
374,041
---------
-------
------------
--------
-------
------------
6. Debtors
Debtors falling due within one year are as follows:
2024
2023
£
£
Trade debtors
57,509
Other debtors
168,531
18,000
---------
--------
168,531
75,509
---------
--------
Debtors falling due after one year are as follows:
2024
2023
£
£
Other debtors
154,896
----
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
37,651
58,738
Corporation tax
43,442
48,221
Social security and other taxes
94,027
97,033
Other creditors
57,097
41,529
---------
---------
242,217
255,521
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,667
16,667
-------
--------
The company has borrowed £50,000 under the Government's Covid bounce back loan scheme.
This loan is repayable within 6 years from May 2020, with no repayments due for the first 12 months.
Interest of 2.5% is payable monthly, in arrears, on this loan; the Government covers the first 12 months interest charge.
The Government acts as guarantor to the lender for this loan.
9. Directors' advances, credits and guarantees
A loan account exists as between the company and one of the directors, Mr P Moullali . At the start of the year on the 1st of October 2023, the company was indebted to the director, in this regard, in the sum of £33,904. As a result of movements during the year of £5,464, the closing balance of monies owing to the director at the year end date, amounted to £39,368.
10. Related party transactions
A loan account exists as between this company and Le Bistro (Doncaster) Ltd, being a company under common directorship and control. At the start of the year, there was a balance owing by Le Bistro (Doncaster) Ltd to Relish (Doncaster) Ltd, in this regard, in the sum of £154,896. As a result of further advances during the year of £13,635 during the year, the closing debtor balance in this company amounted to £168,531. There are no formal terms applicable to this loan and interest is not being charged.