GALES RESTAURANTS LIMITED

GALES RESTAURANTS LIMITED

GALES RESTAURANTS LIMITED - Company Information

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GALES RESTAURANTS LIMITED

Company Registration Number:
00634361 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

GALES RESTAURANTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

GALES RESTAURANTS LIMITED

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Fixed assets
Intangible assets: 3 128,519 140,664
Tangible assets: 4 289,567 229,656
Total fixed assets: 418,086 370,320
Current assets
Stocks: 23,740 14,240
Debtors:   425,373 10,725
Cash at bank and in hand: 310,827 180,693
Total current assets: 759,940 205,658
Net current assets (liabilities): 759,940 205,658
Total assets less current liabilities: 1,178,026 575,978
Creditors: amounts falling due after more than one year:   (452,288) (775,112)
Total net assets (liabilities): 725,738 (199,134)
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 715,738 (209,134)
Shareholders funds: 725,738 (199,134)

The notes form part of these financial statements

GALES RESTAURANTS LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 March 2023
and signed on behalf of the board by:

Name: Kyriacos Michael Karageorgis
Status: Director

The notes form part of these financial statements

GALES RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GALES RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 31 34

GALES RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Intangible Assets

Total
Cost £
At 01 April 2021 266,915
At 31 March 2022 266,915
Amortisation
At 01 April 2021 126,251
Charge for year 12,145
At 31 March 2022 138,396
Net book value
At 31 March 2022 128,519
At 31 March 2021 140,664

GALES RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Tangible Assets

Total
Cost £
At 01 April 2021 1,020,290
Additions 114,847
At 31 March 2022 1,135,137
Depreciation
At 01 April 2021 790,634
Charge for year 54,936
At 31 March 2022 845,570
Net book value
At 31 March 2022 289,567
At 31 March 2021 229,656