Arista Restaurants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08818477 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 DECEMBER 2020 TO 27 DECEMBER 2021

FOR

ARISTA RESTAURANTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C Elia

REGISTERED OFFICE:

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

REGISTERED NUMBER:

08818477 (England and Wales)

ACCOUNTANTS:

A K Papadamou & Co

Accountants & Tax Advisors

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

BANKERS:

Barclays Bank PLC

Sutton Coldfield

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

4

144,372

144,067

CURRENT ASSETS

Stocks

5,671

5,231

Debtors

5

938,122

577,045

Cash at bank and in hand

46,040

101,799

989,833

684,075

CREDITORS

Amounts falling due within one year

6

408,991

281,589

NET CURRENT ASSETS

580,842

402,486

TOTAL ASSETS LESS CURRENT LIABILITIES

725,214

546,553

CREDITORS

Amounts falling due after more than one year

7

71,326

90,341

NET ASSETS

653,888

456,212

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

653,887

456,211

SHAREHOLDERS' FUNDS

653,888

456,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 December 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 30 November 2022 and were signed by:

Mrs C Elia - Director

1.	STATUTORY INFORMATION

Arista Restaurants 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

-

in accordance with the property

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

10% 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.

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 period was 21 (2020 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

Totals

£

£

£

£

COST

At 29 December 2020

5,485

51,909

161,221

218,615

Additions

-

-

13,979

13,979

At 27 December 2021

5,485

51,909

175,200

232,594

DEPRECIATION

At 29 December 2020

1,453

13,313

59,782

74,548

Charge for period

202

1,930

11,542

13,674

At 27 December 2021

1,655

15,243

71,324

88,222

NET BOOK VALUE

At 27 December 2021

3,830

36,666

103,876

144,372

At 28 December 2020

4,032

38,596

101,439

144,067

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

938,122

577,045

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

34,626

28,192

Taxation and social security

352,647

226,073

Other creditors

21,718

27,324

408,991

281,589

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

71,326

90,341

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021

2020

£

£

Between one and five years

19,000

19,000

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C Elia.