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 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

GALES RESTAURANTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

GALES RESTAURANTS LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 116,375 128,519
Tangible assets: 4 240,914 289,567
Total fixed assets: 357,289 418,086
Current assets
Stocks: 22,650 23,740
Debtors:   11,797 125,373
Cash at bank and in hand: 39,601 310,827
Total current assets: 74,048 459,940
Creditors: amounts falling due within one year:   (376,562) (452,288)
Net current assets (liabilities): (302,514) 7,652
Total assets less current liabilities: 54,775 425,738
Total net assets (liabilities): 54,775 425,738
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 44,775 415,738
Shareholders funds: 54,775 425,738

The notes form part of these financial statements

GALES RESTAURANTS LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 05 July 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 2023

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 2023

2. Employees

2023 2022
Average number of employees during the period 30 31

GALES RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 266,915
At 31 March 2023 266,915
Amortisation
At 01 April 2022 138,396
Charge for year 12,144
At 31 March 2023 150,540
Net book value
At 31 March 2023 116,375
At 31 March 2022 128,519

GALES RESTAURANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 1,135,137
At 31 March 2023 1,135,137
Depreciation
At 01 April 2022 845,570
Charge for year 48,653
At 31 March 2023 894,223
Net book value
At 31 March 2023 240,914
At 31 March 2022 289,567