Plates Restaurant Limited

Plates Restaurant Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	222,435	141,445
		222,435	141,445
Current assets
Debtors	4	68,139	69,165
Cash at bank and in hand		564,013	361,115
		632,152	430,280
Creditors: amount falling due within one year	5	(225,272)	(252,135)
Net current assets		406,880	178,145

Total assets less current liabilities		629,315	319,590
Creditors: amount falling due after more than one year	6	(450,359)	(241,938)
Net assets		178,956	77,652

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		178,856	77,552
Shareholders' funds		178,956	77,652

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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.
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.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 02 November 2026 and were signed on its behalf by:

-------------------------------
K Haworth
Director

Plates Restaurant Limited
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Plates Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 15174790, registration address Lichfield DCH, Frog Lane, Lichfield, WS13 6YY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	33% Reducing Balance
Improvements to property	15% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the period was 21 (2025 : 16).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Improvements to property	Total
	£	£	£	£	£
At 01 April 2025	5,942	59,918	3,284	93,895	163,039
Additions	34,514	62,292	2,308	14,772	113,886
Disposals	-	-	-	-	-
At 31 March 2026	40,456	122,210	5,592	108,667	276,925
Depreciation
At 01 April 2025	1,046	10,497	730	9,321	21,594
Charge for year	2,984	15,447	1,315	13,150	32,896
On disposals	-	-	-	-	-
At 31 March 2026	4,030	25,944	2,045	22,471	54,490
Net book values
Closing balance as at 31 March 2026	36,426	96,266	3,547	86,196	222,435
Opening balance as at 01 April 2025	4,896	49,421	2,554	84,574	141,445

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	22,122	0
Amount Owed by Group Undertakings	0	33,874
Other Debtors	46,017	35,291
	68,139	69,165

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	151,333	104,450
Bank Loans & Overdrafts	10,000	70,000
Taxation and Social Security	56,995	72,943
Other Creditors	6,944	4,742
	225,272	252,135

Creditors: amount falling due after more than one year

	2026 £	2025 £
Amounts Owed to Group Undertakings	102,970	0
Other Creditors	347,389	241,938
	450,359	241,938

Share Capital

Allotted, called up and fully paid	2026 £	2025 £
46 Class A shares of £1.00 each	46	46
46 Class B shares of £1.00 each	46	46
8 Class C shares of £1.00 each	8	8
	100	100