Grapper Restaurant Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09327957 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2020

FOR

GRAPPER RESTAURANT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Y Mistry

REGISTERED OFFICE:

103 Bradshaw Rd

Bolton

Lancashire

BL2 3EW

REGISTERED NUMBER:

09327957 (England and Wales)

ACCOUNTANTS:

DBF Associates

Chartered Accountants

South Cheetham B C

10 Park Place

Manchester

Lancashire

M4 4EY

FIXED ASSETS

Tangible assets

4

112,313

60,116

CURRENT ASSETS

Stocks

31,249

29,777

Debtors

5

4,702

-

Cash at bank and in hand

3,429

7,989

39,380

37,766

CREDITORS

Amounts falling due within one year

6

85,263

79,970

NET CURRENT LIABILITIES

(45,883

)

(42,204

)

TOTAL ASSETS LESS CURRENT LIABILITIES

66,430

17,912

CREDITORS

Amounts falling due after more than one year

7

45,000

-

NET ASSETS

21,430

17,912

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

21,330

17,812

SHAREHOLDERS' FUNDS

21,430

17,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 19th August 2021 and were signed by:

Y Mistry - Director

1.	STATUTORY INFORMATION

Grapper Restaurant Ltd 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2019 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st December 2019

99,726

Additions

80,276

At 30th November 2020

180,002

DEPRECIATION

At 1st December 2019

39,610

Charge for year

28,079

At 30th November 2020

67,689

NET BOOK VALUE

At 30th November 2020

112,313

At 30th November 2019

60,116

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

4,702

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

34,333

32,286

Taxation and social security

38,029

21,419

Other creditors

12,901

26,265

85,263

79,970

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

45,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

45,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1st December 2019

17,812

Profit for the year

38,018

Dividends

(34,500

)

At 30th November 2020

21,330