Jack & Alice Restaurants Limited - Accounts to registrar (filleted) - small 18.2
Jack & Alice Restaurants Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 January 2021 to 2 January 2022 |
| for |
| Jack & Alice Restaurants Limited |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Contents of the Financial Statements |
| for the Period 1 January 2021 to 2 January 2022 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Jack & Alice Restaurants Limited |
| Company Information |
| for the Period 1 January 2021 to 2 January 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Westmead House |
| Westmead |
| Farnborough |
| Hampshire |
| GU14 7LP |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Statement of Financial Position |
| 2 January 2022 |
| 2022 | 2020 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Notes to the Financial Statements |
| for the Period 1 January 2021 to 2 January 2022 |
| 1. | STATUTORY INFORMATION |
| Jack & Alice Restaurants Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Government grants |
| Grants comprise amounts received under the Government's Job Retention Scheme and a Business Interruption Loan Agreement and are recognised in the Income Statement once the relevant performance conditions have been met. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
| Leasing commitments |
| Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease. |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2021 to 2 January 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Going concern |
| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and |
| leasehold | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2021 |
| Additions |
| At 2 January 2022 |
| DEPRECIATION |
| At 1 January 2021 |
| Charge for period |
| At 2 January 2022 |
| NET BOOK VALUE |
| At 2 January 2022 |
| At 31 December 2020 |
| 5. | STOCKS |
| 2022 | 2020 |
| £ | £ |
| Consumables |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2020 |
| £ | £ |
| Other debtors |
| Deferred tax asset |
| Prepayments |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2021 to 2 January 2022 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes |
| VAT | 8,848 | 15,988 |
| Directors' current accounts | 197,232 | 244,563 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2020 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more than 5 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more than 5 years | - | 3,500 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2022 | 2020 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the period ended 2 January 2022 and the year ended 31 December 2020: |
| 2022 | 2020 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| Loans from directors are unsecured, interest free and repayable on demand. |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2021 to 2 January 2022 |
| 11. | COVID-19 |
| The Covid-19 pandemic resulted in the country going into periods of 'lockdown'. The situation continued to affect the company and the UK economy as a whole. During this period the company took advantage of government support. The directors are optimistic about the future and believe that the foundations are in place for the company to continue for the foreseeable future. |