Subway Bentley Bridge Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06693029 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

SUBWAY BENTLEY BRIDGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs R K Sandhar

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

06693029 (England and Wales)

FIXED ASSETS

Tangible assets

4

120,310

121,873

CURRENT ASSETS

Stocks

5

2,381

2,148

Debtors

6

33,305

33,433

Cash at bank and in hand

26,333

9,486

62,019

45,067

CREDITORS

Amounts falling due within one year

7

54,548

46,127

NET CURRENT ASSETS/(LIABILITIES)

7,471

(1,060

)

TOTAL ASSETS LESS CURRENT LIABILITIES

127,781

120,813

CREDITORS

Amounts falling due after more than one year

8

64,562

79,500

NET ASSETS

63,219

41,313

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

62,219

40,313

SHAREHOLDERS' FUNDS

63,219

41,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2022 and were signed by:

Mrs R K Sandhar - Director

1.	STATUTORY INFORMATION

Subway Bentley Bridge Limited 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

2% on cost

Improvements to property

-

2% on cost

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

15% on reducing balance

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 October 2020

5,989

23,368

201,289

9,845

240,491

Additions

-

-

6,303

3,510

9,813

At 30 September 2021

5,989

23,368

207,592

13,355

250,304

DEPRECIATION

At 1 October 2020

1,438

934

109,276

6,970

118,618

Charge for year

120

467

9,832

957

11,376

At 30 September 2021

1,558

1,401

119,108

7,927

129,994

NET BOOK VALUE

At 30 September 2021

4,431

21,967

88,484

5,428

120,310

At 30 September 2020

4,551

22,434

92,013

2,875

121,873

5.

STOCKS

30/9/21

30/9/20

£

£

Stocks

2,381

2,148

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/21

30/9/20

£

£

Trade debtors

2,605

2,739

Other debtors

30,591

30,591

Prepayments

109

103

33,305

33,433

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/21

30/9/20

£

£

Bank loans and overdrafts (see note 9)

11,800

11,800

Trade creditors

11,642

10,395

Tax

16,145

6,117

Social security and other taxes

1,344

1,285

VAT

5,982

10,876

Other creditors

146

126

Net Wages control A/c

3,904

2,959

Directors' current accounts

819

-

Accrued expenses

2,766

2,569

54,548

46,127

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/21

30/9/20

£

£

Bank loans (see note 9)

64,562

79,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,700

29,500

9.

LOANS

An analysis of the maturity of loans is given below:

30/9/21

30/9/20

£

£

Amounts falling due within one year or on demand:

Bank loans

11,800

11,800

Amounts falling due between two and five years:

Bank loans - 2-5 years

46,862

50,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,700

29,500

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/21

30/9/20

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 October 2020

40,313

Profit for the year

41,906

Dividends

(20,000

)

At 30 September 2021

62,219

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £15,200 (2020 - £32,718) were paid to the director .