BBQ Gourmet Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08714643 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

BBQ Gourmet Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,498

5,271

CURRENT ASSETS

Stocks

168,127

213,347

Debtors

5

36,990

329,682

Cash at bank

71,676

126,502

276,793

669,531

CREDITORS

Amounts falling due within one year

6

34,314

467,427

NET CURRENT ASSETS

242,479

202,104

TOTAL ASSETS LESS CURRENT LIABILITIES

245,977

207,375

CREDITORS

Amounts falling due after more than one year

7

(80,669

)

(50,000

)

PROVISIONS FOR LIABILITIES

(439

)

(1,001

)

NET ASSETS

164,869

156,374

CAPITAL AND RESERVES

Called up share capital

50,001

50,001

Retained earnings

114,868

106,373

164,869

156,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 29 March 2023 and were signed by:

R W Orme - Director

1.	STATUTORY INFORMATION

BBQ Gourmet Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08714643

Registered office:

Chestnut Cottage Church Hill

Burton

Chippenham

Wiltshire

SN14 7LS

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 the cost less estimated residual value of 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

24,449

Additions

1,191

Disposals

(8,879

)

At 30 June 2022

16,761

DEPRECIATION

At 1 July 2021

19,178

Charge for year

2,664

Eliminated on disposal

(8,579

)

At 30 June 2022

13,263

NET BOOK VALUE

At 30 June 2022

3,498

At 30 June 2021

5,271

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade debtors

18,787

229,443

Other debtors

18,203

100,239

36,990

329,682

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade creditors

12,885

203,458

Taxation and social security

2,228

23,078

Other creditors

19,201

240,891

34,314

467,427

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.22

30.6.21

£

£

Bank loans

-

50,000

Other creditors

80,669

-

80,669

50,000