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Registration number: 07710741

Toast Brasserie Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Toast Brasserie Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Toast Brasserie Limited

Company Information

Director

Mr Robin Neville Leigh Tarver

Registered office

17 High Street
Wanstead
London
E11 2AA

Accountants

Kajaine Kafton LLP
Chartered Accountants42-46 Station Road
Edgware
Middlesex
HA8 7AB

 

Toast Brasserie Limited

(Registration number: 07710741)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

40,875

38,336

Current assets

 

Stocks

5

20,465

29,120

Debtors

6

35,641

44,001

Cash at bank and in hand

 

81,024

121,336

 

137,130

194,457

Creditors: Amounts falling due within one year

7

(147,866)

(143,413)

Net current (liabilities)/assets

 

(10,736)

51,044

Total assets less current liabilities

 

30,139

89,380

Creditors: Amounts falling due after more than one year

7

(8,000)

(24,000)

Provisions for liabilities

(4,378)

(4,378)

Net assets

 

17,761

61,002

Capital and reserves

 

Called up share capital

90

135

Share premium reserve

-

50,715

Capital redemption reserve

-

10

Retained earnings

17,671

10,142

Shareholders' funds

 

17,761

61,002

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 May 2025
 

 

Toast Brasserie Limited

(Registration number: 07710741)
Balance Sheet as at 31 December 2024

.........................................
Mr Robin Neville Leigh Tarver
Director

 

Toast Brasserie Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 High Street
Wanstead
London
E11 2AA
England

These financial statements were authorised for issue by the director on 19 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Toast Brasserie Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvementts to Property

10% on cost

Fixture and fittings

15% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Toast Brasserie Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 26 (2023 - 26).

 

Toast Brasserie Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Properties under construction
 £

Total
£

Cost or valuation

At 1 January 2024

60,672

90,407

151,079

Additions

7,219

1,688

8,907

At 31 December 2024

67,891

92,095

159,986

Depreciation

At 1 January 2024

36,453

76,290

112,743

Charge for the year

4,233

2,135

6,368

At 31 December 2024

40,686

78,425

119,111

Carrying amount

At 31 December 2024

27,205

13,670

40,875

At 31 December 2023

24,219

14,117

38,336

5

Stocks

2024
£

2023
£

Other inventories

20,465

29,120

6

Debtors

Current

2024
£

2023
£

Trade debtors

3,024

4,451

Prepayments

2,956

2,670

Other debtors

29,661

36,880

 

35,641

44,001

7

Creditors

Creditors: amounts falling due within one year

 

Toast Brasserie Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

16,000

16,000

Trade creditors

 

54,494

45,895

Taxation and social security

 

55,326

56,851

Other creditors

 

9,859

14,589

Accrued expenses

 

6,168

10,078

Corporation tax payable

 

6,019

-

 

147,866

143,413

Due after one year

 

Loans and borrowings

8

8,000

24,000

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

8,000

24,000

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,000

16,000

Other borrowings

-

8,000

8,000

24,000

Current loans and borrowings

2024
£

2023
£

Bank borrowings

16,000

16,000