Jack & Alice Restaurants Limited - Accounts to registrar (filleted) - small 23.2.5
Jack & Alice Restaurants Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 3 January 2022 to 1 January 2023 |
| for |
| Jack & Alice Restaurants Limited |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Contents of the Financial Statements |
| for the Period 3 January 2022 to 1 January 2023 |
| Page |
| Company Information | 1 |
| Income Statement | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 5 |
| Jack & Alice Restaurants Limited |
| Company Information |
| for the Period 3 January 2022 to 1 January 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Westmead House |
| Westmead |
| Farnborough |
| Hampshire |
| GU14 7LP |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Income Statement |
| for the Period 3 January 2022 to 1 January 2023 |
| Period | Period |
| 3.1.22 | 1.1.21 |
| to | to |
| 1.1.23 | 2.1.22 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Administrative expenses | ( |
) | ( |
) |
| (6,252 | ) | (6,954 | ) |
| Other operating income |
| OPERATING (LOSS)/PROFIT | ( |
) |
| Interest payable and similar expenses | ( |
) | ( |
) |
| (LOSS)/PROFIT BEFORE TAXATION | ( |
) |
| Tax on (loss)/profit | ( |
) |
| (LOSS)/PROFIT FOR THE FINANCIAL PERIOD |
( |
) |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Statement of Financial Position |
| 1 January 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their 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. |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Statement of Financial Position - continued |
| 1 January 2023 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Notes to the Financial Statements |
| for the Period 3 January 2022 to 1 January 2023 |
| 1. | STATUTORY INFORMATION |
| Jack & Alice Restaurants Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Government grants |
| Grants comprise amounts received under the Government's Job Retention Scheme and a Business Interruption Loan Agreement and are recognised in the Income Statement once the relevant performance conditions have been met. |
| 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 period comprises current and deferred tax. Tax is recognised in the Income Statement 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 period 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. |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Notes to the Financial Statements - continued |
| for the Period 3 January 2022 to 1 January 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Leasing commitments |
| Rentals paid under operating leases are charged to the Income Statement 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. |
| Going concern |
| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | EXCEPTIONAL ITEMS |
| Period | Period |
| 3.1.22 | 1.1.21 |
| to | to |
| 1.1.23 | 2.1.22 |
| £ | £ |
| Legal, advisory and professional fees (DSA/ Morning Star) |
(14,005 |
) |
- |
| Preopening fees | (2,568 | ) | - |
| (16,573 | ) | - |
| The above items are included within the operating profit of the company but are deemed to be one off costs and relate to advice on fundraising, and new company structure to reflect new investors in the business, along with abortive costs relating to the proposed acquisition of a new site that did not complete. |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Notes to the Financial Statements - continued |
| for the Period 3 January 2022 to 1 January 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and |
| leasehold | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 3 January 2022 |
| Additions |
| Transfer to ownership | 695 | - | (695 | ) | - |
| At 1 January 2023 |
| DEPRECIATION |
| At 3 January 2022 |
| Charge for period |
| At 1 January 2023 |
| NET BOOK VALUE |
| At 1 January 2023 |
| At 2 January 2022 |
| 6. | STOCKS |
| 2023 | 2022 |
| £ | £ |
| Consumables |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| Deferred tax asset |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes |
| VAT | 38,601 | 8,848 |
| Directors' current accounts | 170,429 | 197,232 |
| Accrued expenses |
| Jack & Alice Restaurants Limited (Registered number: 09361908) |
| Notes to the Financial Statements - continued |
| for the Period 3 January 2022 to 1 January 2023 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2023 | 2022 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 11. | CALLED UP SHARE CAPITAL |
| During the year the company issued 856,735 Ordinary 1p shares at a price of £0.1167 per share and 17,996 Ordinary 1p shares at a price of £2.50 per share. |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the periods ended 1 January 2023 and 2 January 2022: |
| 2023 | 2022 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| Loans from directors are unsecured, interest free and repayable on demand. |