Registered number
04891901
Brunch Bite Limited
Report and Accounts
31 December 2024
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Brunch Bite Limited
Registered number: 04891901
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 39,897 46,986
Current assets
Stocks 16,587 13,600
Debtors 5 191,133 130,445
Cash at bank and in hand 180,394 167,800
388,114 311,845
Creditors: amounts falling due within one year 6 (205,267) (232,874)
Net current assets 182,847 78,971
Total assets less current liabilities 222,744 125,957
Creditors: amounts falling due after more than one year 7 (32,180) (52,564)
Provisions for liabilities (10,318) (11,747)
Net assets 180,246 61,646
Capital and reserves
Called up share capital 35,000 35,000
Profit and loss account 145,246 26,646
Shareholders' funds 180,246 61,646
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Shiels
Director
Approved by the board on 13 February 2025
Brunch Bite Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Kitchen Equipment 25% straight line
Plant and machinery 25% straight line
Motor vehicles 25% straight line
During the financial year the Directors took the decision to change the depreciation policy on all fixed assets to reflect their current market value, resulting in a charge to the profit and loss of £3,281.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 5,000
At 31 December 2024 5,000
Amortisation
At 1 January 2024 5,000
At 31 December 2024 5,000
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 83,593 67,105 150,698
Additions 8,237 - 8,237
At 31 December 2024 91,830 67,105 158,935
Depreciation
At 1 January 2024 70,961 32,751 103,712
Charge for the year 6,737 8,589 15,326
At 31 December 2024 77,698 41,340 119,038
Net book value
At 31 December 2024 14,132 25,765 39,897
At 31 December 2023 12,632 34,354 46,986
5 Debtors 2024 2023
£ £
Trade debtors 119,649 101,201
Amounts owed by group undertakings and undertakings in which the company has a participating interest 25,348 29,244
Other debtors 46,136 -
191,133 130,445
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,556 5,556
Obligations under finance lease and hire purchase contracts 14,828 14,828
Trade creditors 28,330 64,388
Amounts owed to group undertakings and undertakings in which the company has a participating interest 8,768 8,962
Corporation tax 67,678 35,536
Other taxes and social security costs 42,752 28,641
Other creditors 37,355 74,963
205,267 232,874
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,537 30,093
Obligations under finance lease and hire purchase contracts 7,643 22,471
32,180 52,564
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