CRUST (LIVERPOOL) LIMITED

CRUST (LIVERPOOL) LIMITED

CRUST (LIVERPOOL) LIMITED - Company Information

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CRUST (LIVERPOOL) LIMITED

Company Registration Number:
09801703 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2018

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

CRUST (LIVERPOOL) LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2018

Balance sheet
Notes

CRUST (LIVERPOOL) LIMITED

Balance sheet

As at 30 September 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 238,081 267,111
Total fixed assets: 238,081 267,111
Current assets
Stocks: 11,771 8,891
Debtors: 4 237,152 123,620
Cash at bank and in hand: 7,981 4,667
Total current assets: 256,904 137,178
Creditors: amounts falling due within one year: 5 (261,873) (172,077)
Net current assets (liabilities): (4,969) (34,899)
Total assets less current liabilities: 233,112 232,212
Creditors: amounts falling due after more than one year: 6 (24,261) (186,358)
Total net assets (liabilities): 208,851 45,854
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 208,751 45,754
Shareholders funds: 208,851 45,854

The notes form part of these financial statements

CRUST (LIVERPOOL) LIMITED

Balance sheet statements

For the year ending 30 September 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 May 2019
and signed on behalf of the board by:

Name: TIM MOLLOY
Status: Director

The notes form part of these financial statements

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value, net of value added tax and discounts, of good provided to customers and work carried out in respect of services provided to customers.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided on all tangible assets, other than freehold land, at rates calculated to write off the cost of each asset evenly over its expected useful life as follows: Plant and Machinery 10% Straight Line, Fixtures and Fittings 20% Straight Line, Office Equipment 20% Straight Line.

Other accounting policies

Hire Purchase and Leasing Commitments - Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payment is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

2. Employees

2018 2017
Average number of employees during the period 31 32

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

3. Tangible Assets

Total
Cost £
At 01 October 2017 329,181
Additions 8,039
At 30 September 2018 337,220
Depreciation
At 01 October 2017 62,070
Charge for year 37,069
At 30 September 2018 99,139
Net book value
At 30 September 2018 238,081
At 30 September 2017 267,111

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

4. Debtors

2018 2017
££
Debtors due after more than one year: 0 76,612

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

5. Creditors: amounts falling due within one year note

2018: Trade Creditors (£90,002); Other taxes and social security costs (£49,817); Other Creditors and Accruals (£101,396), Finance Leases (£20,658)2017: Trade Creditors (£69,252); Other taxes and social security costs (£65,778); Other Creditors and Accruals (£4,228), Finance Leases (£32,819)

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

6. Creditors: amounts falling due after more than one year note

2018: Finance Leases (£24,261)2017: Finance Leases (£44,725), Other Creditors (£141,633)

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

7. Related party transactions

Name of the related party: Crust (Woolton) Limited
Relationship:
Common Directorship
Description of the Transaction: Loan given to pay towards the cost of fit-out works
£
Balance at 01 October 2017 76,612
Balance at 30 September 2018 162,230
Name of the related party: Paolo and Donato Limited
Relationship:
Common Directorship
Description of the Transaction: Loan received to pay towards the cost of fit-out works
£
Balance at 01 October 2017 19,382
Balance at 30 September 2018 19,382
Name of the related party: Sapporo Teppanyaki (Manchester) Limited
Relationship:
Common Directorship
Description of the Transaction: Loan given to pay towards working capital requirements.
£
Balance at 01 October 2017 3,711
Balance at 30 September 2018 1,000
Name of the related party: Paolo and Donato Limited
Relationship:
Common Directorship
Description of the Transaction: The total amount of supplies received from Paolo and Donato Limited in 2018 was £9,879.
£
Balance at 01 October 2017 1,901
Balance at 30 September 2018 572