IRIS Accounts Production v24.3.2.46 04437266 director 1.4.23 31.3.24 31.3.24 Medium entities true false true true false false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044372662023-03-31044372662024-03-31044372662023-04-012024-03-31044372662022-03-31044372662022-04-012023-03-31044372662023-03-3104437266ns15:EnglandWales2023-04-012024-03-3104437266ns14:PoundSterling2023-04-012024-03-3104437266ns10:Director12023-04-012024-03-3104437266ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104437266ns10:MediumEntities2023-04-012024-03-3104437266ns10:Audited2023-04-012024-03-3104437266ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-04-012024-03-3104437266ns10:Medium-sizedCompaniesRegimeForAccounts2023-04-012024-03-3104437266ns10:FullAccounts2023-04-012024-03-310443726612023-04-012024-03-3104437266ns10:OrdinaryShareClass12023-04-012024-03-3104437266ns10:CompanySecretary12023-04-012024-03-3104437266ns10:RegisteredOffice2023-04-012024-03-3104437266ns5:CurrentFinancialInstruments2024-03-3104437266ns5:CurrentFinancialInstruments2023-03-3104437266ns5:Non-currentFinancialInstruments2024-03-3104437266ns5:Non-currentFinancialInstruments2023-03-3104437266ns5:ShareCapital2024-03-3104437266ns5:ShareCapital2023-03-3104437266ns5:RetainedEarningsAccumulatedLosses2024-03-3104437266ns5:RetainedEarningsAccumulatedLosses2023-03-3104437266ns5:ShareCapital2022-03-3104437266ns5:RetainedEarningsAccumulatedLosses2022-03-3104437266ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3104437266ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-310443726612023-04-012024-03-310443726612022-04-012023-03-3104437266ns5:NetGoodwill2023-04-012024-03-3104437266ns5:OwnedAssets2023-04-012024-03-3104437266ns5:OwnedAssets2022-04-012023-03-3104437266ns5:NetGoodwill2022-04-012023-03-3104437266ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-012024-03-3104437266ns5:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3104437266ns10:OrdinaryShareClass12022-04-012023-03-3104437266ns5:NetGoodwill2023-03-3104437266ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-3104437266ns5:NetGoodwill2024-03-3104437266ns5:PatentsTrademarksLicencesConcessionsSimilar2024-03-3104437266ns5:NetGoodwill2023-03-3104437266ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-3104437266ns5:PlantMachinery2023-03-3104437266ns5:MotorVehicles2023-03-3104437266ns5:PlantMachinery2023-04-012024-03-3104437266ns5:MotorVehicles2023-04-012024-03-3104437266ns5:PlantMachinery2024-03-3104437266ns5:MotorVehicles2024-03-3104437266ns5:PlantMachinery2023-03-3104437266ns5:MotorVehicles2023-03-3104437266ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-03-3104437266ns5:UnlistedNon-exchangeTraded2024-03-3104437266ns5:UnlistedNon-exchangeTraded2023-03-3104437266ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104437266ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3104437266ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3104437266ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3104437266ns5:WithinOneYear2024-03-3104437266ns5:WithinOneYear2023-03-3104437266ns5:BetweenOneFiveYears2024-03-3104437266ns5:BetweenOneFiveYears2023-03-3104437266ns5:MoreThanFiveYears2024-03-3104437266ns5:MoreThanFiveYears2023-03-3104437266ns5:AllPeriods2024-03-3104437266ns5:AllPeriods2023-03-3104437266ns5:DeferredTaxation2023-03-3104437266ns5:DeferredTaxation2023-04-012024-03-3104437266ns5:DeferredTaxation2024-03-3104437266ns10:OrdinaryShareClass12024-03-3104437266ns5:RetainedEarningsAccumulatedLosses2023-03-31044372661ns10:Director12023-03-31044372661ns10:Director12022-03-31044372661ns10:Director12023-04-012024-03-31044372661ns10:Director12022-04-012023-03-31044372661ns10:Director12024-03-31044372661ns10:Director12023-03-31
REGISTERED NUMBER: 04437266 (England and Wales)


















STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

A & L RESTAURANTS LIMITED

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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










Page

Company Information 1

Strategic Report 2

Report of the Director 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Financial Statements 14


A & L RESTAURANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A H Atefi



SECRETARY: S P Atefi



REGISTERED OFFICE: C/O The Accounting Centre
First Floor
736 High Road
North Finchley
London
N12 9QD



REGISTERED NUMBER: 04437266 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Andrew Green LLB FCA



AUDITORS: THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024


The director presents his strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
The Director reports an improvement in turnover, GP margins and the operating result.

This sales growth has been primarily driven by the continued expansion in revenue from digital channels.

Management has implemented effective cost control measures and a new pricing strategy, contributing to the increase in gross profit margin and operating profits.

The Company's key performance indicators are as follows:

2024 2023
£ £
Turnover 22,822,824 22,199,506
Gross profit 15,413,741 14,550,548
Gross profit % 67.54% 65.54%
Operating profit 939,751 45,414


The net assets of the company were £3.38million (2023: £3.15million) at the balance sheet date, reflecting the solid position of the company from an overall solvency point of view.This strong balance sheet is the foundation on which it can continue to grow and prosper.


A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The management of the business and the nature of the company's strategy are subject to a number of risks. The Director has set out below the principal risks facing the business.

The Director is of the opinion that a thorough risk management process is adopted which involves a formal review of all risks identified below. Where possible, processes are in place to mitigate such risks.

Economic downturn
The success of the business is reliant on consumer spending.In response to this continuous risk, senior management aim to keep abreast of economic conditions. In cases of severe economic downturn, marketing and pricing strategies will be modified to reflect the new market conditions.

Inflation and the cost of living crisis
Global inflationary pressures that have arisen following recent global geo-political uncertainty and conflicts in Ukraine and the Middle East continue to represent the largest risk to the business. These pressures are seen most clearly in relation to:

Food cost inflation
The Company is assesses the risks that food cost inflation may bring with the aim to mitigate future threats this may have on the business.

Wage cost inflation
The Company is affected by wage cost inflation and pressures within the labour market. The Company monitors the market to ensure compliance with labour market regulations, and maintains employment policies, remuneration and benefits packages that are designed to be competitive with other companies, as well as providing employees with fulfilling career opportunities.

Utilities costs
Increasing volatility, uncertainty, cost pressures and general environmental awareness in the UK market has resulted in increased pressure on the company in recent times. To manage and help mitigate the risk associated with these pressures, the company is party to a number of Power Purchase Agreements (PPAs) for the provision of cost-effective clean energy from environmentally friendly energy sources.

Competition
The market in which the Company operates is highly competitive. As a result, the Company is subject to a high level of price sensitivities in its consumer-led market. Policies of assessing our pricing strategy and ongoing market research are in place to mitigate such risks.

Liquidity risk
As a result of the positive cash flows from operating activities achieved in the year and expected in future periods, the Director does not consider liquidity or cashflow risk to be an issue. The Company makes use of bank facilities in order to finance long term capital and refurbishment expenditure. The Director also monitors cash flow forecasts in order to further manage liquidity risk.

With these risks and uncertainties in mind, we are aware that any plans for the future development of the business may be subject to unforeseen future events outside of our control; hence, we are constantly assessing our plans in line with the current environment.

ON BEHALF OF THE BOARD:





A H Atefi - Director


9 April 2025

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024


The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the operation of quick service restaurants.

DIVIDENDS
Interim dividends of £400,135 (2023: £50,000) were paid during the year. The Director does not recommend payment of a final dividend.

FUTURE DEVELOPMENTS
The Company will continue to invest in its restaurants as part of an ongoing programme to upgrade their look and feel with new and enhanced equipment and thereby improve its customers' and employees' experience. This forms part of its ongoing strategy to maintain market share and profitability.

DIRECTOR
A H Atefi held office during the whole of the period from 1 April 2023 to the date of this report.

ENGAGEMENT WITH EMPLOYEES
Diversity and inclusion
The company is fully committed to a policy of treating all existing employees and job applicants equally. Recruitment decisions and the progression of employees within the group are based on merit and not upon any consideration of race, colour, religion, disability, nationality, sex, sexual orientation, marital status or age.

The importance of staff training, equal opportunity, health and safety, environmental matters and the avoidance of sexual harassment is recognised at all levels and is monitored on a regular basis by committees chaired by a director or senior manager reporting directly to the Board.

The Company gives full and fair consideration to applications for employment from those with disabilities. In the event of employees becoming disabled whilst in service of the company, every effort is made to continue their employment by transfer to alternative duties, if required and by provision of such retraining as is appropriate.

Learning and Development
The company provides employees with regular formal training sessions using e-learning and classroom based training courses including an apprenticeship and management development programmes. To keep employees updated with developments within the company, management uses a digital application available to all employees to inform and engage with employees on a regular basis.

DISCLOSURE IN THE STRATEGIC REPORT
The Company has chosen to make disclosures in relation to financial risk management and other matters considered to be of strategic importance which would otherwise be in the Director's report within the Strategic Report.


A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





A H Atefi - Director


9 April 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
A & L RESTAURANTS LIMITED


Opinion
We have audited the financial statements of A & L Restaurants Limited (the 'company') for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

In performing our work in relation to going concern, we have considered the existing franchise agreements in place and the likelihood of their renewal in future. The company is able to continue as a going concern whilst it has the support of the ultimate franchisor.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
A & L RESTAURANTS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page five, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
A & L RESTAURANTS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with the director and other management, and from our commercial knowledge and experience of the sector in which the company operates;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental, food hygiene and health and safety legislation and franchise conditions;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 3 were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC and any other relevant regulators as required.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
A & L RESTAURANTS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Andrew Green LLB FCA (Senior Statutory Auditor)
for and on behalf of THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ

9 April 2025

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 22,822,824 22,199,506

Cost of sales 7,409,083 7,648,958
GROSS PROFIT 15,413,741 14,550,548

Administrative expenses 14,473,990 14,505,134
OPERATING PROFIT 5 939,751 45,414

Profit on disposal of fixed assets 6 - 878,762
939,751 924,176


Interest payable and similar expenses 7 31,807 35,827
PROFIT BEFORE TAXATION 907,944 888,349

Tax on profit 8 276,461 195,374
PROFIT FOR THE FINANCIAL YEAR 631,483 692,975

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 242,461 307,288
Tangible assets 11 476,712 777,709
Investments 12 6,250 6,250
725,423 1,091,247

CURRENT ASSETS
Stocks 13 90,669 116,271
Debtors 14 4,165,770 3,797,676
Cash at bank 618,892 586,427
4,875,331 4,500,374
CREDITORS
Amounts falling due within one year 15 2,208,444 2,183,373
NET CURRENT ASSETS 2,666,887 2,317,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,392,310

3,408,248

CREDITORS
Amounts falling due after more than
one year

16

-

(235,156

)

PROVISIONS FOR LIABILITIES 19 (11,970 ) (24,100 )
NET ASSETS 3,380,340 3,148,992

CAPITAL AND RESERVES
Called up share capital 20 100 100
Retained earnings 21 3,380,240 3,148,892
SHAREHOLDERS' FUNDS 3,380,340 3,148,992

The financial statements were approved by the director and authorised for issue on 9 April 2025 and were signed by:





A H Atefi - Director


A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 100 2,505,917 2,506,017

Changes in equity
Dividends - (50,000 ) (50,000 )
Total comprehensive income - 692,975 692,975
Balance at 31 March 2023 100 3,148,892 3,148,992

Changes in equity
Dividends - (400,135 ) (400,135 )
Total comprehensive income - 631,483 631,483
Balance at 31 March 2024 100 3,380,240 3,380,340

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 25 1,341,641 (933,945 )
Interest paid (31,807 ) (35,827 )
Tax paid (226,481 ) (476,532 )
Net cash from operating activities 1,083,353 (1,446,304 )

Cash flows from investing activities
Purchase of tangible fixed assets (189,511 ) (134,379 )
Sale of tangible fixed assets 12,000 1,298,749
Sale of fixed asset investments - 1,250
Net cash from investing activities (177,511 ) 1,165,620

Cash flows from financing activities
Loan repayments in year (473,242 ) (460,738 )
Equity dividends paid (400,135 ) (50,000 )
Net cash from financing activities (873,377 ) (510,738 )

Increase/(decrease) in cash and cash equivalents 32,465 (791,422 )
Cash and cash equivalents at
beginning of year

26

586,427

1,377,849

Cash and cash equivalents at end
of year

26

618,892

586,427

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


1. STATUTORY INFORMATION

A & L Restaurants 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. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

a) Critical judgements in applying the entity's accounting policies

There are no specific judgements, apart from those involving estimates as detailed below, that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

b) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates can differ from the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

(ii) Useful economic live of intangible assets
Intangible assets are amortised over their useful economic lives and are assessed annually for indications of impairment.

(iii) Treatment of significant capital projects
The allocation of store refurbishment expenditure between capital and revenue is an area that requires judgement on the part of management. Costs are allocated in line with the asset recognition contained within FRS102 and on the basis of all available evidence as to their nature. The management uses professional advisors to assist them with this process.

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


3. ACCOUNTING POLICIES - continued

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and value added taxes.

Sales of goods, including online sales, are recognised on sale to the customer, which is considered to be the point of sale and when the significant risks and rewards of the goods have been passed to the customer.

Franchise rights and franchise fees
Franchise rights and fees are amortised over the period of the franchise agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery-Straight line over 7-10 years
Fixtures and fittings -Straight line over 5 years

Motor Vehicles

-

Straight line over 3 years
Computer Equipment-Straight line over 4 years

Stocks
Stocks are valued at the lower of cost and selling price, after making due allowance for impairment of obsolete or slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost is determined on the first-in, first-out (FIFO) method. Cost includes the purchase price, including taxes
and duties, transport and handling directly attributable to bringing the stock to its present location and
condition.

Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS102 in respect of financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently carried at this value less any provision for impairment.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet represents cash in hand and deposits with financial institutions without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Short-term debtors and creditors
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 profit or loss under operating expenses.

The carrying value of all short-term financial assets and liabilities are measured at amortised cost.


A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other employment costs
(i) Holiday pay

Holiday pay entitlements (where material) are recognised as an expense in the period in which the service is received.

(ii) Pension Scheme

The company operates a defined contribution pension scheme for its employees. The contributions are recognised as an expense when they are due. Amounts not paid are shown as a creditor on the balance sheet. The assets of the scheme are held separately from the company in independently administered funds.

Operating leases
The company's restaurant premises are leased from the franchisor under a non-cancellable lease with an expiry term of more than five years. The rental payments are calculated on a monthly basis and are substantially based on annual sales income generated.

Borrowing costs
All borrowing costs are recognised in the Profit and Loss Account in the period in which they are incurred.

Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Profit and Loss Account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 6,040,643 6,154,401
Social security costs 329,309 334,407
Other pension costs 79,397 65,576
6,449,349 6,554,384

The average number of employees during the year was as follows:
2024 2023

Crew 505 559
Management 22 22
527 581

2024 2023
£    £   
Director's remuneration 50,106 133,359

The Director is considered to be the key management for the purpose of disclosure under FRS102.

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 490,508 617,886
Profit on disposal of fixed assets (12,000 ) -
Franchise rights amortisation 57,327 58,701
Franchise fees amortisation 7,500 8,250
Auditors' remuneration 6,550 6,248

6. EXCEPTIONAL ITEMS
2024 2023
£    £   
Profit on disposal of fixed assets - 878,762

In the previous year the company sold a restaurant, along with its associated intangible and tangible assets, for £1,300,000.

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 31,807 35,827

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 288,591 226,481

Deferred tax (12,130 ) (31,107 )
Tax on profit 276,461 195,374

UK corporation tax has been charged at 25% (2023 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 907,944 888,349
Profit multiplied by the standard rate of corporation tax in the UK
of 25% (2023 - 19%)

226,986

168,786

Effects of:
Expenses not deductible for tax purposes (1,803 ) 2,562
Income not taxable for tax purposes (3,000 ) (166,965 )
Depreciation in excess of capital allowances 66,408 73,540
Deferred tax (12,130 ) (31,107 )
Franchise rights disposal - 148,558
Total tax charge 276,461 195,374

9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 400,135 50,000

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


10. INTANGIBLE FIXED ASSETS
Franchise Franchise
rights fees Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,633,126 150,000 1,783,126
AMORTISATION
At 1 April 2023 1,375,338 100,500 1,475,838
Amortisation for year 57,327 7,500 64,827
At 31 March 2024 1,432,665 108,000 1,540,665
NET BOOK VALUE
At 31 March 2024 200,461 42,000 242,461
At 31 March 2023 257,788 49,500 307,288

11. TANGIBLE FIXED ASSETS
Plant,
machinery
and Motor
fixtures vehicles Totals
£    £    £   
COST
At 1 April 2023 6,253,448 61,346 6,314,794
Additions 189,511 - 189,511
Disposals - (40,466 ) (40,466 )
At 31 March 2024 6,442,959 20,880 6,463,839
DEPRECIATION
At 1 April 2023 5,475,739 61,346 5,537,085
Charge for year 490,508 - 490,508
Eliminated on disposal - (40,466 ) (40,466 )
At 31 March 2024 5,966,247 20,880 5,987,127
NET BOOK VALUE
At 31 March 2024 476,712 - 476,712
At 31 March 2023 777,709 - 777,709

12. FIXED ASSET INVESTMENTS
Unlisted
investmen
£   
COST
At 1 April 2023
and 31 March 2024 6,250
NET BOOK VALUE
At 31 March 2024 6,250
At 31 March 2023 6,250

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


13. STOCKS
2024 2023
£    £   
Stocks 90,669 116,271

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 161,304 151,681
Other debtors 2,013,195 1,687,195
Director's current account 1,426,945 1,426,945
Corporation tax recoverable 463,757 463,757
Prepayments and accrued income 100,569 68,098
4,165,770 3,797,676

Balances owed at the year end from third party delivery partners have been classified as trade debtors.

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 17)
247,751

485,837
Trade creditors 727,330 673,112
Corporation tax 288,591 226,481
Social security and other taxes 654,380 476,970
Other creditors 75,715 -
Accrued expenses 214,677 320,973
2,208,444 2,183,373

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 17) - 235,156

17. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 year 247,751 485,837

Amounts falling due between one and two years:
Bank loans - 235,156

The outstanding bank loan is unsecured and is repayable over a total period of 5 years from inception at a floating rate of 2.40% above the Bank of England base rate.

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


18. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 357,168 357,168
Between one and five years 1,323,864 1,342,792
In more than five years 1,215,393 1,543,830
2,896,425 3,243,790

The above amounts relate to annual commitments to pay a base rent for leased trading premises.

19. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 11,970 24,100

Deferred
tax
£   
Balance at 1 April 2023 24,100
Provided during year (12,130 )
Balance at 31 March 2024 11,970

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

21. RESERVES
Retained
earnings
£   

At 1 April 2023 3,148,892
Profit for the year 631,483
Dividends (400,135 )
At 31 March 2024 3,380,240

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


22. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A H Atefi
Balance outstanding at start of year 1,426,945 1,426,945
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,426,945 1,426,945

The balance is interest free and repayable on demand.

23. RELATED PARTY DISCLOSURES

During the year, total dividends of £400,135 (2023: £50,000) were paid to the director.

During the period the company paid £116,500 (2023: £116,333) in wages to members of the Director's close family.

Included within other debtors is a loan of £2,009,195 (2023: £1,687,195) to a company under common control and with common key management. The amount is interest free, unsecured and repayable on demand.

24. ULTIMATE CONTROLLING PARTY

The controlling party is A H Atefi.

25. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 907,944 888,349
Depreciation charges 555,335 684,837
Profit on disposal of fixed assets (12,000 ) (878,762 )
Finance costs 31,807 35,827
1,483,086 730,251
Decrease/(increase) in stocks 25,602 (16,723 )
Increase in trade and other debtors (368,094 ) (1,834,235 )
Increase in trade and other creditors 201,047 186,762
Cash generated from operations 1,341,641 (933,945 )

A & L RESTAURANTS LIMITED (REGISTERED NUMBER: 04437266)

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


26. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 618,892 586,427
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 586,427 1,377,849


27. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

Other
non-cash
At 1.4.23 Cash flow changes At 31.3.24
£    £    £    £   
Net cash
Cash at bank 586,427 32,465 618,892
586,427 32,465 618,892
Debt
Debts falling due
within 1 year (485,837 ) 2,930 235,156 (247,751 )
Debts falling due
after 1 year (235,156 ) 470,312 (235,156 ) -
(720,993 ) 473,242 - (247,751 )
Total (134,566 ) 505,707 - 371,141