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Registered number: 09130598
Goodyear Restaurant Limited
Financial Statements
For the Period 1 September 2022 to 28 February 2024
Lee & Associates (1993) Limited
Chartered Certified Accountants
114 Colindale Avenue
London
NW9 5GX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09130598
28 February 2024 31 August 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 22,150 22,740
Debtors 5 6,474 14,774
Cash at bank and in hand 4,457,810 3,341,729
4,486,434 3,379,243
Creditors: Amounts Falling Due Within One Year 6 (441,643 ) (797,505 )
NET CURRENT ASSETS (LIABILITIES) 4,044,791 2,581,738
TOTAL ASSETS LESS CURRENT LIABILITIES 4,044,791 2,581,738
NET ASSETS 4,044,791 2,581,738
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 4,044,790 2,581,737
SHAREHOLDERS' FUNDS 4,044,791 2,581,738
For the period ending 28 February 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
Ms Man Yee To
Director
21/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Goodyear Restaurant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09130598 . The registered office is 114 Colindale Avenue, Colindale, London, NW9 5GX.
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, 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2022: 35)
39 35
4. Stocks
28 February 2024 31 August 2022
£ £
Finished goods 22,150 22,740
5. Debtors
28 February 2024 31 August 2022
£ £
Due within one year
Prepayments and accrued income 6,474 14,774
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
28 February 2024 31 August 2022
£ £
Trade creditors - 395,379
Corporation tax 438,394 245,959
Other taxes and social security 1,877 141,449
Accruals and deferred income 1,327 14,501
Directors' loan accounts 45 217
441,643 797,505
7. Share Capital
28 February 2024 31 August 2022
£ £
Allotted, Called up and fully paid 1 1
Page 3