Company Registration No. 10272311 (England and Wales)
THE VURGER CO LTD
Unaudited accounts
for the year ended 31 December 2020
THE VURGER CO LTD
Unaudited accounts
Contents
THE VURGER CO LTD
Company Information
for the year ended 31 December 2020
Directors
Mr N A Potts
Ms R E N Hugh
Miray Zaki
Company Number
10272311 (England and Wales)
Registered Office
1ST FLOOR 10 SABRE CLOSE
QUEDGELEY
GLOUCESTER
GLOUCESTERSHIRE
GL2 4NZ
UNITED KINGDOM
Accountants
Virgate Accounts Ltd
1st Floor 10 Sabre Close
Quedgeley
Gloucester
Gloucestershire
GL2 4NZ
THE VURGER CO LTD
Statement of financial position
as at
31 December 2020
Tangible assets
529,553
345,317
Inventories
10,000
10,000
Cash at bank and in hand
109,376
868,112
Creditors: amounts falling due within one year
(489,457)
(429,982)
Net current (liabilities)/assets
(211,906)
544,295
Total assets less current liabilities
317,647
889,612
Creditors: amounts falling due after more than one year
(460,463)
(353,333)
Provisions for liabilities
Net (liabilities)/assets
(142,816)
535,965
Called up share capital
3,370
3,050
Share premium
2,198,621
2,135,625
Profit and loss account
(2,344,807)
(1,602,710)
Shareholders' funds
(142,816)
535,965
For the year ending 31 December 2020 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 8 September 2021 and were signed on its behalf by
Mr N A Potts
Director
Company Registration No. 10272311
THE VURGER CO LTD
Notes to the Accounts
for the year ended 31 December 2020
THE VURGER CO LTD is a private company, limited by shares, registered in England and Wales, registration number 10272311. The registered office is 1ST FLOOR 10 SABRE CLOSE, QUEDGELEY, GLOUCESTER, GLOUCESTERSHIRE, GL2 4NZ, UNITED KINGDOM.
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:
Land & buildings
Straight line 5%
Plant & machinery
Straight Line 20%
Fixtures & fittings
Reducing Balance 15%
Computer equipment
Straight line 33%
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.
THE VURGER CO LTD
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At valuation
At valuation
At 1 January 2020
180,635
248,837
-
-
429,472
Additions
140,759
39,110
5,226
12,616
197,711
Revaluations
-
(248,837)
241,266
8,371
800
At 31 December 2020
321,394
39,110
246,492
20,987
627,983
At 1 January 2020
11,577
72,578
-
-
84,155
Charge for the year
5,336
4,584
2,309
2,046
14,275
Surplus on revaluation
-
(72,578)
66,856
5,722
-
At 31 December 2020
16,913
4,584
69,165
7,768
98,430
At 31 December 2020
304,481
34,526
177,327
13,219
529,553
At 31 December 2019
169,058
176,259
-
-
345,317
5
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
53,815
-
Other debtors
88,454
96,165
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
5,656
-
Trade creditors
154,061
103,469
Amounts owed to group undertakings and other participating interests
238,000
-
Taxes and social security
42,765
(1,877)
Other creditors
1,588
328,390
Loans from directors
39,560
-
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
(6,688)
-
Other creditors
169,627
353,333
THE VURGER CO LTD
Notes to the Accounts
for the year ended 31 December 2020
8
Share capital
2020
2019
Allotted, called up and fully paid:
226,565 Ordinary Class A shares of £0.01 each
2,265.65
2,265.65
10,370 Ordinary Class B shares of £0.01 each
103.70
103.70
100,000 Preference Shares of £0.01 each
1,000.00
6,800.00
9
Average number of employees
During the year the average number of employees was 34 (2019: 34).