Bienvenue (Norfolk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07023972 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

FOR

BIENVENUE (NORFOLK) LIMITED

T/A

THE SARACEN’S HEAD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T J Elwes

Mrs J E Elwes

REGISTERED OFFICE:

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

REGISTERED NUMBER:

07023972 (England and Wales)

ACCOUNTANTS:

LEES

Chartered Certified Accountants

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

522,143

544,180

522,143

544,180

CURRENT ASSETS

Stocks

5,039

5,754

Debtors

6

14,105

2,912

Cash at bank and in hand

30,426

2,494

49,570

11,160

CREDITORS

Amounts falling due within one year

7

29,441

89,929

NET CURRENT ASSETS/(LIABILITIES)

20,129

(78,769

)

TOTAL ASSETS LESS CURRENT LIABILITIES

542,272

465,411

CREDITORS

Amounts falling due after more than one year

8

1,003,845

937,991

NET LIABILITIES

(461,573

)

(472,580

)

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

(462,573

)

(473,580

)

SHAREHOLDERS' FUNDS

(461,573

)

(472,580

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2021 and were signed on its behalf by:

Mr T J Elwes - Director

1.	STATUTORY INFORMATION

Bienvenue (Norfolk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

At 31 January 2021 the company had net liabilities of £461,573. The company relies on the continued support of its directors and majority shareholder to meet its day to day working capital requirements. The directors have indicated their willingness to provide financial support to the company, as and when required, for the foreseeable future.

On the above grounds the directors deem it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

3% on cost

Plant and machinery etc

-

20% on reducing balance

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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2020 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2020

and 31 January 2021

108,000

AMORTISATION

At 1 February 2020

and 31 January 2021

108,000

NET BOOK VALUE

At 31 January 2021

-

At 31 January 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2020

661,707

160,916

822,623

Additions

-

2,989

2,989

At 31 January 2021

661,707

163,905

825,612

DEPRECIATION

At 1 February 2020

154,665

123,778

278,443

Charge for year

19,129

5,897

25,026

At 31 January 2021

173,794

129,675

303,469

NET BOOK VALUE

At 31 January 2021

487,913

34,230

522,143

At 31 January 2020

507,042

37,138

544,180

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

14,105

2,912

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

13,720

38,514

Trade creditors

3,162

25,219

Taxation and social security

1,918

14,951

Other creditors

10,641

11,245

29,441

89,929

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

178,153

132,468

Amounts owed to group undertakings

775,692

755,523

Other creditors

50,000

50,000

1,003,845

937,991

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

191,873

149,630

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

200

Ordinary A Shares

£1

200

200

600

Ordinary B Shares

£1

600

600

200

Ordinary C Shares

£1

200

200

1,000

1,000

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2021 and 31 January 2020:

2021

2020

£

£

Mr T J Elwes

Balance outstanding at start of year

(2,912

)

107

Amounts advanced

3,450

-

Amounts repaid

(3,475

)

(3,019

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,937

)

(2,912

)