CRUST (LIVERPOOL) LIMITED

CRUST (LIVERPOOL) LIMITED

CRUST (LIVERPOOL) LIMITED - Company Information

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CRUST (LIVERPOOL) LIMITED

Company Registration Number:
09801703 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2017

Period of accounts

Start date: 01 October 2016

End date: 30 September 2017

CRUST (LIVERPOOL) LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2017

Balance sheet
Notes

CRUST (LIVERPOOL) LIMITED

Balance sheet

As at 30 September 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 267,111 279,817
Total fixed assets: 267,111 279,817
Current assets
Stocks: 8,891 9,269
Debtors: 4 123,620 30,328
Cash at bank and in hand: 4,667 20,225
Total current assets: 137,178 59,822
Creditors: amounts falling due within one year: 5 (172,077) (95,111)
Net current assets (liabilities): (34,899) (35,289)
Total assets less current liabilities: 232,212 244,528
Creditors: amounts falling due after more than one year: 6 (186,358) (305,152)
Total net assets (liabilities): 45,854 (60,624)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 45,754 (60,724)
Shareholders funds: 45,854 (60,624)

The notes form part of these financial statements

CRUST (LIVERPOOL) LIMITED

Balance sheet statements

For the year ending 30 September 2017 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 27 June 2018
and signed on behalf of the board by:

Name: TIMOTHY MOLLOY
Status: Director

The notes form part of these financial statements

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

1. Accounting policies

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

Turnover policy

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost of each asset evenly over its expected useful life as follows;Plant and Machinery 10% Straight LineFixture and Fittings 20% Straight Line

Other accounting policies

Hire Purchase and Leasing Commitments Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payment is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Employees

2017 2016
Average number of employees during the period 32 25

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Tangible Assets

Total
Cost £
At 01 October 2016 307,305
Additions 21,876
At 30 September 2017 329,181
Depreciation
At 01 October 2016 27,488
Charge for year 34,582
At 30 September 2017 62,070
Net book value
At 30 September 2017 267,111
At 30 September 2016 279,817

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

4. Debtors

2017 2016
££
Debtors due after more than one year: 76,612 0

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

5. Creditors: amounts falling due within one year note

Trade Creditors £69,252HMRC PAYE £6,686Employees £374Accruals £4,228HMRC Staff Tronc £103HMRC Corporation Tax £25,207HMRC VAT £33,408Finance Leases - within one year £32,819

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

6. Creditors: amounts falling due after more than one year note

Finance Leases 2 to 5 years £44,725Lateen Partnership Loan £42,900Paolo and Donato Limited Loan £19,382Sapporo Teppanyaki (Manchester) Limited Loan£3,711Dividends declared but not yet paid £75,640

CRUST (LIVERPOOL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

7. Related party transactions

Name of the related party: Crust (Woolton) Limited
Relationship:
Common Directorship
Description of the Transaction: Loan given to pay towards the cost of the fit-out works.
£
Balance at 01 October 2016 0
Balance at 30 September 2017 76,612
Name of the related party: Lateen Partnership
Relationship:
Common Beneficiaries
Description of the Transaction: Loan received to pay towards the cost of the fit-out works.
£
Balance at 01 October 2016 42,900
Balance at 30 September 2017 42,900
Name of the related party: Paolo and Donato Limited
Relationship:
Common Directorship
Description of the Transaction: Loan received to pay towards the cost of the fit-out works.
£
Balance at 01 October 2016 19,382
Balance at 30 September 2017 19,382
Name of the related party: Sapporo Teppanyaki (Manchester) Limited
Relationship:
Common Management
Description of the Transaction: Loan given to pay towards the cost of the fit-out works.
£
Balance at 01 October 2016 95,211
Balance at 30 September 2017 3,711

Crust (Liverpool) Limited is a company which shares common directorship with Paolo and Donato Limited. The total amount of suppliers received in 2017 £6,341 and the amount outstanding as at 30th September 2017 £1,901. Crust (Liverpool) Limited is a company which shares common management with In Tavola Italian Food & Wine Company Limited. The total amount of supplies received in 2017 £158,722 and the amount outstanding as at 30th September 2017 £28,054.