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REGISTERED NUMBER: 05560705 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

EVERY BITE RIGHT LTD

EVERY BITE RIGHT LTD (REGISTERED NUMBER: 05560705)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EVERY BITE RIGHT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: K S Gosal
S S Gosal





SECRETARIES: N Gosal
R Gosal





REGISTERED OFFICE: The Courtyard
30 London Street
Chertsey
Surrey
KT16 8AA





REGISTERED NUMBER: 05560705 (England and Wales)





AUDITORS: Watson Associates (Audit Services) Ltd
Statutory Auditor
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

EVERY BITE RIGHT LTD (REGISTERED NUMBER: 05560705)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 202,405 384,492
Tangible assets 5 224,623 202,143
427,028 586,635

CURRENT ASSETS
Stocks 28,484 27,719
Debtors 6 757,453 829,879
Cash at bank and in hand 2,579,234 2,188,258
3,365,171 3,045,856
CREDITORS
Amounts falling due within one year 7 (734,480 ) (721,862 )
NET CURRENT ASSETS 2,630,691 2,323,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,057,719

2,910,629

PROVISIONS FOR LIABILITIES 9 (38,806 ) (27,135 )
NET ASSETS 3,018,913 2,883,494

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,018,813 2,883,394
SHAREHOLDERS' FUNDS 3,018,913 2,883,494

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





K S Gosal - Director


EVERY BITE RIGHT LTD (REGISTERED NUMBER: 05560705)

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

1. STATUTORY INFORMATION

Every Bite Right Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.

Franchise fees
Franchise fees are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal instalments over their estimated useful lives of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over term of lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

EVERY BITE RIGHT LTD (REGISTERED NUMBER: 05560705)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 132 (2023 - 134 ) .

EVERY BITE RIGHT LTD (REGISTERED NUMBER: 05560705)

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

4. INTANGIBLE FIXED ASSETS
Franchise
Goodwill fees Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 1,786,738 81,458 1,868,196
AMORTISATION
At 1 September 2023 1,408,190 75,514 1,483,704
Amortisation for year 182,087 - 182,087
At 31 August 2024 1,590,277 75,514 1,665,791
NET BOOK VALUE
At 31 August 2024 196,461 5,944 202,405
At 31 August 2023 378,548 5,944 384,492

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 115,130 579,669 550,808 1,245,607
Additions - - 77,834 77,834
At 31 August 2024 115,130 579,669 628,642 1,323,441
DEPRECIATION
At 1 September 2023 105,280 575,367 362,817 1,043,464
Charge for year 9,850 1,752 43,752 55,354
At 31 August 2024 115,130 577,119 406,569 1,098,818
NET BOOK VALUE
At 31 August 2024 - 2,550 222,073 224,623
At 31 August 2023 9,850 4,302 187,991 202,143

EVERY BITE RIGHT LTD (REGISTERED NUMBER: 05560705)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,598 4,604
Amounts owed by group undertakings 346,606 431,359
Other debtors 374,139 275,039
Tax - 85,693
Prepayments 35,110 33,184
757,453 829,879

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 91,448 79,401
Tax 20,263 33,113
Social security and other taxes 20,321 24,474
VAT 305,842 299,538
Other creditors 36,716 39,215
Accruals and deferred income 259,890 246,121
734,480 721,862

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 83,888 91,850
Between one and five years 163,833 211,721
In more than five years 174,083 210,083
421,804 513,654

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 38,806 27,135

Deferred
tax
£   
Balance at 1 September 2023 27,135
Provided during year 11,671
Balance at 31 August 2024 38,806

EVERY BITE RIGHT LTD (REGISTERED NUMBER: 05560705)

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

10. CALLED UP SHARE CAPITAL

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

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

STEPHEN JAMES MOORE (Senior Statutory Auditor)
for and on behalf of Watson Associates (Audit Services) Ltd

12. RELATED PARTY DISCLOSURES

Companies under common control owed the company £374,139 (2023: £275,039) at the balance sheet date.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

In common with many other businesses of our size and nature we use our auditors to provide tax advice and to represent us, as necessary, at tax tribunals.

14. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Monte Laguna Limited, a company incorporated in England and Wales. Monte Laguna Limited prepares group financial statements and copies can be obtained from The Courtyard, 30 London Street, Chertsey.

15. SECURITIES HELD

The following securities were in place with HSBC at the year-end:

Composite Company Unlimited Multilateral Guarantee dated 23 February 2017 given by Monte Laguna Limited, Monte Laguna 2 Limited, Every Bite Right Ltd.