Company Registration No. 11013817 (England and Wales)
Herbivore Restaurants Ltd
Unaudited accounts
for the year ended 31 March 2021
Herbivore Restaurants Ltd
Unaudited accounts
Contents
Herbivore Restaurants Ltd
Company Information
for the year ended 31 March 2021
Directors
Louise Jane Palmer-Masterton
James Michael Masterton
Company Number
11013817 (England and Wales)
Registered Office
13 KING STREET
CAMBRIDGE
CB1 1LH
ENGLAND
Accountants
Virgate Accounts Ltd
1st Floor 10 Sabre Close
Quedgeley
Gloucester
Gloucestershire
GL2 4NZ
Herbivore Restaurants Ltd
Statement of financial position
as at
31 March 2021
Tangible assets
534,247
488,890
Inventories
(5,107)
52,878
Cash at bank and in hand
16,670
15,217
Creditors: amounts falling due within one year
(357,127)
(457,368)
Net current liabilities
(276,122)
(314,498)
Total assets less current liabilities
258,125
174,392
Creditors: amounts falling due after more than one year
(196,414)
(109,912)
Called up share capital
123,638
1,390
Share premium
974,463
974,463
Profit and loss account
(1,036,390)
(911,373)
Shareholders' funds
61,711
64,480
For the year ending 31 March 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 December 2021 and were signed on its behalf by
Louise Jane Palmer-Masterton
Director
Company Registration No. 11013817
Herbivore Restaurants Ltd
Notes to the Accounts
for the year ended 31 March 2021
Herbivore Restaurants Ltd is a private company, limited by shares, registered in England and Wales, registration number 11013817. The registered office is 13 KING STREET, CAMBRIDGE, CB1 1LH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Covid-19
The World Health Organisation (WHO) officially declared the coronavirus (Covid-19) outbreak a global pandemic on 11 March 2020. The immediate and longer term impact of Covid-19 on the UK leisure and hospitality sector has been significant and is expected to remain so for the foreseeable future.
The directors acknowledge that not all eventualities can be foreseen and in particular, they cannot possibly predict the potential impact on sales post reopening given the uncertainties over discretionary spend as the UK emerges from lockdown. Although they are confident that the company will continue as a going concern, the risks associated with Covid-19 have given rise to an unquantifiable material uncertainty in respect of going concern.
Herbivore Restaurants Ltd
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2020
532,785
39,974
3,846
7,428
584,033
Additions
72,798
40,604
-
-
113,402
Disposals
-
-
-
(3,423)
(3,423)
At 31 March 2021
605,583
80,578
3,846
4,005
694,012
At 1 April 2020
77,903
11,073
2,292
3,875
95,143
Charge for the year
55,759
9,092
1,061
(1,290)
64,622
At 31 March 2021
133,662
20,165
3,353
2,585
159,765
At 31 March 2021
471,921
60,413
493
1,420
534,247
At 31 March 2020
454,882
28,901
1,554
3,553
488,890
5
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
-
9,696
Accrued income and prepayments
39,442
49,482
Other debtors
30,000
14,664
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
33
Obligations under finance leases and hire purchase contracts
63,775
75,393
Trade creditors
117,366
177,362
Taxes and social security
98,685
110,306
Other creditors
25,831
76,646
Loans from directors
42,949
8,076
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
36,304
30,488
Other creditors
160,110
79,424
8
Average number of employees
During the year the average number of employees was 27 (2020: 38).