J & G Eatery Limited iXBRL

Company Registration Number: NI644757

J & G Eatery Limited

Unaudited Financial Statements

for the financial year ended 31 August 2025

J & G Eatery Limited

DIRECTORS AND OTHER INFORMATION


Directors	Mrs. Joanne Dolan
	Mr. Glen Dolan


Company Registration Number	NI644757


Registered Office and Business Address	19 Lifford Road
	Strabane
	Co. Tyrone
	BT82 8EP


Accountants	MCI Chartered Accountants
	Sentinel House, 13 Pump Street
	Derry
	BT48 6JG


Bankers	Santander UK
	64 Main Street
	Strabane
	Co. Tyrone

J & G Eatery Limited

Company Registration Number: NI644757

BALANCE SHEET

as at 31 August 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets	4	58,255	78,594
		─────────	─────────

Current Assets

Stocks	5	5,816	3,158
Cash and cash equivalents		145,764	122,092
		─────────	─────────
		151,580	125,250
		─────────	─────────
Creditors: amounts falling due within one year	6	(185,381)	(179,329)
		─────────	─────────
Net Current Liabilities		(33,801)	(54,079)
		─────────	─────────
Total Assets less Current Liabilities		24,454	24,515

Creditors:

amounts falling due after more than one year	7	-	(6,750)

Provisions for liabilities	8	(14,564)	(17,550)
		─────────	─────────
Net Assets		9,890	215
		═════════	═════════

Capital and Reserves

Called up share capital	100	100
Statement of income and retained earnings	9,790	115
	─────────	─────────
Shareholders' Funds	9,890	215
	═════════	═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Statement of Income and Retained Earnings and Directors' Report.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 3 June 2026 and signed on its behalf by

Mrs. Joanne Dolan

Director

Mr. Glen Dolan

Director

J & G Eatery Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

General Information

J & G Eatery Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI644757. The registered office of the company is 19 Lifford Road, Strabane, Co. Tyrone, BT82 8EP which is also the principal place of business of the company. The principal activity of the company is the running of a restaurant and take away. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured at the fair value of the consideration receivable net of discounts and VAT. The policy adopted for the recognition of turnover is as follows:

Sale of food and beverages

Turnover from sales of food and beverages is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer and the amount of turnover can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually at point of sale.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and which are receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the Statement of Income and Retained Earnings in administrative expenses.

Defined contribution plans

The company contributes to individual staff pension arrangements. The assets of these pension arrangements are held separately from those of the company in independently administered funds. The amount charged to the profit and loss account represents the contributions payable to these pension arrangements in respect of the accounting period.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

20% straight line

Motor vehicles

25% straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimated the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current markets assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the statement of income and retained earnings, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the Statement of Income and Retained Earnings, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks

If stocks were stated at replacement cost (latest purchase price) they would not differ materially from the above.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits in periods different from those in which they are recognised in the financial statements.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Statement of Income and Retained Earnings.

Employees

The average monthly number of employees, including directors, during the financial year was 22, (2024 - 26).


4.	Tangible assets
		Fixtures,	Motor	Total
		fittings and	vehicles
		equipment
		£	£	£
	Cost
	At 1 September 2024	147,556	21,667	169,223
	Additions	3,100	-	3,100
	Disposals	-	(21,667)	(21,667)
		─────────	─────────	─────────
	At 31 August 2025	150,656	-	150,656
		─────────	─────────	─────────
	Depreciation
	At 1 September 2024	77,837	12,792	90,629
	Charge for the financial year	14,564	-	14,564
	On disposals	-	(12,792)	(12,792)
		─────────	─────────	─────────
	At 31 August 2025	92,401	-	92,401
		─────────	─────────	─────────
	Net book value
	At 31 August 2025	58,255	-	58,255
		═════════	═════════	═════════
	At 31 August 2024	69,719	8,875	78,594
		═════════	═════════	═════════


5.	Stocks	2025	2024
		£	£

	Raw materials and goods for resale	5,816	3,158
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank loans	6,750	9,000
	Trade creditors	87,162	83,987
	Taxation	83,859	65,422
	Directors' current accounts	1,040	13,000
	Accruals	6,570	7,920
		─────────	─────────
		185,381	179,329
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loans	-	6,750
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 6)	6,750	9,000
	Repayable between one and two years	-	6,750
		─────────	─────────
		6,750	15,750
		═════════	═════════


8.	Provisions for liabilities

	The amounts provided for deferred taxation are analysed below:

		Capital	Total	Total
		allowances

			2025	2024
		£	£	£

	At financial year start	17,550	17,550	18,063
	Charged to profit and loss	(2,986)	(2,986)	(513)
		─────────	─────────	─────────
	At financial year end	14,564	14,564	17,550
		═════════	═════════	═════════