Financial Budgeting for Fleet Highland Cafe

This report discusses the objective of preparing the budget for Fleet Highland Cafe, analyzes the company's revenue and spending variance for March, and provides advice on maintaining profitability and sustainability. It also highlights the importance of financial budgeting in the food and cafes industry.

Individual coursework

Table Of Content
EXECUTIVE SUMMARY:...............................................................3
INTRODUCTION..............................................................................3
MAIN BODY.......................................................................................3
Objective of preparing the budget......................................................................................................3
Report of company revenue and spending variance for march..........................................................4
The variances which are concerned in management at Fleet Highland Cafe.....................................5
Advise to maintain profitability and sustainability............................................................................6
CONCLUSION...................................................................................7
REFRENCES......................................................................................8

EXECUTIVE SUMMARY:
The report has concluded in detail how various new business companies within
business world plans out financial budget, new working scenario where various
parameters are worked on to keep on diverse functional paradigms. Report has also
further brought forward detailed outcomes onto how various technical advancement
can be leveraged with stronger financial budgets which yields onto faster working
performance levels along within the competitive business environment. Report has
analysed how Fleet highland cafe will be able to construct balanced financial budget
with wider quality products, innovative services for gaining new levels of stronger
competitiveness within the food and cafes industry.
INTRODUCTION
The Fleet Highland Cafe is a cafe which works as one of the best caterer hotel which
prepares meals for tourists and citizens within its kitchen and is located highly near airport
serving best high quality products and services catering to business demands. The company is
working for planning and actual budgets for March which are composed of various
paradigms with various parameters where report explains objective to prepare budget,
company revenue and how various variances concerns to management. Report also explains
advises on how to maintain profitability and sustainability with varied paradigms analyzing
onto how new advances can be drawn for long term business expansion.
MAIN BODY
Objective of preparing the budget
The objective of preparing budget for Fleet Highland Cafecan be understood by the
factors where there are various parameters onto which higher strengthened position shall be
developed to bring on larger stronger working paradigms and to attain higher goals within
the outputs of business services.

 One objective is also factored onto role to bring strong advances within products
promotions and to gain higher emphasis onto paradigms through which stronger
technology and other vital resources can be optimum deployed for longer working
hemisphere (Bartle, 2020.). The larger objectives where rational paradigms onto
financial position can be further deployed to bring on analysis where focus is to bring
on stronger quality paradigms and to reflect onto best services through which strong
fundamental experiences can be leveraged onto bigger levels.
 The Fleet highlands cafe are highly dynamic with its menu meals and services to
deliver to all tourists and to bring on best marketing force through which the planned
revenue scale profits can be attained within the set time periods. With the preparation
of financial budget, the Fleet highland café will be able to get detailed records of all
inputs, resources which are put at use, and to gain analysis of future outputs through
which profits can be reached into future for gaining wider working enhancement. The
café will be able to construct perfect outputs as per the set targeted working arena
which will further determine how rational quality inputs could be used for gaining
larger outputs.
 Preparation of budget is the first step to build strong financial reports where there are
various scale objectives attained onto short term and long term time periods, which
enables to gather higher profitable working scenario and to reflect onto future gaols
which will technically bring more advancement in the business operations and to
reflect on the weaknesses where management need to focus fort higher scale
development.
 Objective of financial report and preparing budget into business is focused to bring
long scale profitability within business factors, keenly built progression into new
paradigms of products and services. The financial reports yield onto parameters where
Fleet Highland Cafe can successfully bring on scale resource progression which will
not only bring high developed working paradigms and technology up gradation with
varied new resources, marketing portfolios which will enable to bring on scale
services targets (Gorgoglione,Petruzzelli, and Panniello,2018.).
Report of company revenue and spending variance for march
The budget meals quantity should be increased for meeting the targeted budgets by
Fleet Highland Cafe where the revenue spending report helps us to examine that raw
materials spending shall be increased further. The report is presenting data for the various

business functions where raw materials pricing shall be focused for gaining stronger outputs
and the utilities, raw materials pricing factors shall be checked on further through which
wider gaining outputs and performance targets can be reached with wider enhanced working
strengths.The actual expenditure within the rent, expenditure on insurance and fuels are high
which will further impact the actual revenue through which larger efficiency, functional
paradigms can be further built onto new levels for generation of new profit margins . The
actual report is different from the planned revenue within the month for Fleet highland café,
which enables to bring in positive synergy and larger profitable goals for the brand higher
quality factors(Lee,Hallak and Sardeshmukh, 2016)
The budgeted meals of quantity within march is actually 18,000£ instead of 20,000£
where it can be understood that the meals need to be strongly marketed with focus on
customisation as per customers expectations to bring on increased sales. Also the revenue
which was planned and expected was £100, 000 pounds, instead there is recorded revenue of
90.000£. Raw materials planned budget was £50,000, but instead the record raw materials
are £45,000 which shows that café is not reaching the planned output levels due to less usage
of all raw materials, as demand is currently less. The actual expenditure on utilities, facilities
and insurance is more in exact amounts which shows that the infrastructure needs to be
developed further with high focus and develop stronger networking with all fundamentals
which will bring on set performance targets and also pertain onto innovation scenario.
CALCULATIONS
PLANNING ACTUAL
Budgeted meals quantity (q) 20 000 18000
Revenues (£5.00q) £100 000 £90 000
Expenses:
Raw material (£2.50q) 50000 45000
Wages and salaries (£5 500+£0.25q) 10 500 10 000
Utilities (£2 500 + £0.05q) 3500 3 400
Facility rent 5000 5 500
Insurance 2800 3200

Fuel 2500 2 800
Net Operating Income £25700 £20100
The variances which are concerned in management at Fleet Highland Cafe
The fleet Highland cafe is facing various variances within the financial reports of
March as the actual targets which were planned by management are not achieved and there
are varied changes at some margins which may impact profitability and working revenues to
develop business functions (Pullman and Rainey, 2016).
 There is higher expenditure on rent and insurance factors which enable us to analyse that
there is need to increase expenditure within building stronger infrastructure and higher
facilities with strong planning so as to bring on the planned fundamental objectives of
revenue scale. Higher infrastructure with best resources to provide higher effective functional
models to gain strong output as per the planned outputs for longer working paradigms.
There is higher rent as per the planned parameter which impacts the company viable
positioning element onto bigger levels as the relative synergy is not onto the set reflective
synergy currently at Fleet Highland cafe aims to bring on stronger resources. If the resources
are not planned effectively and outputs are not as per the set periods and parameters, with less
input of resources the cafe may go in losses in some period of time within the set period of
fundamental synergy
 The expense of raw materials are also not coming as per the planned demanded periods and
forecasted by Fleet Highland café where it can be further analysed that the demand among
consumers market share is not effectively built onto the set paradigms and there is less
reflective synergy of higher outputs(Indriani, Alim and Haryadi, 2019). Raw materials are an
integral part of management within business scenario where Fleet highland cafe needs to
focus on cost effective utilization factors through which more higher quality metrics can be
attained along with profits. Fleet highland cafe shall also work to bring in more rational
changes with higher innovation and planned focus to bring on stronger rational paradigms, as
per the data of analysed customer segments market, which will bring on best functional
efficiency and to rationally work with potential performance targets. These factors enable is
to analyse varied variances within actual working performance targets , which are technically
programmed and shall be developed with stronger focus with higher vision to bring in more
customised factors of innovative marketing.

Advise to maintain profitability and sustainability
Advice to Fleet Café
The advices to maintain profitability and higher sustainability with changing business
demands and varied regulations which are not only highly impactful to bring on stronger
factors of dynamic business opportunities can be further detailed as follows (PRIYA, 2020.)
Profitability and sustainability can be understood with the wide fact that cafe shall
focus on profitability factor for gaining financial outputs but sustainability factor
shall be examined for gaining best performance targets within long term time
period. Sustainability has implications on profitability both in long term and short
term through which Fleet highland café will be able to focus on longer working
potentiality and pertain onto examining best services for consumer enhanced
goodwill.
 The Fleet highland cafe has to program out new rational synergy for programming out
resources which enable to bring on higher competitive advancement edge with changing
factors of customer’s market share. The resources should be planned with the varied customer
share demands where the meals shall be developed onto paradigms which are highly
influenced and rational with changing business demands and analysis shall be done with data
of latest industry demands. The cafe must focus onto building various online marketing
segments and t technically be advanced with changing paradigms of time where the technical
advancement factors shall be programmed onto higher synergy of positive factors where there
is stringent vitality if business functions. The Fleet highland cafe shall work onto the vision
as per the planned revenue margins , to bring on stronger factors of markets which will
enable to gain higher market value and rational services.
 The Fleet Highland cafe shall work on the various variances of factors where cafe is facing
tough competition from the various paradigms where all internal as well as external factors
play an integral role to play in. Customers and travellers shall be given with best products,
innovative meals of changing varied demands as per the data which will enable to bring on
higher keen synergy which will enable management to pool on best resources as per the
demands. Also there is higher demand among consumers business market share to
productively bring on positive synergy along with developed scenario of rational factors
within the set time periods (Ulupui, Zahra and Handarini, 2020).

 The Fleet Highland cafe is one of the most prominent cafe known for serving best factors of
innovative meals and products, services as per the changing varied business demands, and
data analysis which will further bring on higher innovation within working segments. The
budget will check all budget parameters through which café will be actively functioning with
best services to bring on stronger factors of higher relative synergy. More productive resource
allocation will enable to gain stronger working factors onto business scenario through which
keen targets can be focused onwards for working onto more rational professionalism and
also relatively bring on positive synergy of advancement. Fleet highland cafe shall also
program onto best factors of creativity and innovation within business services where yield of
social media marketing shall be bringing metrics of successful positioning onto varied longer
levels and time periods.
CONCLUSION
The report can be concluded with detailed factors of explanation for bringing onto
various paradigms where the Fleet Highland cafe shall work onto new relative advances with
changing business demands. Report has concluded various facts of the actual revenue reports
and the planned output revenue within business scenario and how varied new fundamentals
can be brought under business arena. The fleet highland cafe shall work onto various factors
of larger creativity within business demands to bring out higher quality parameters as per the
set planned business parameters (Zisopoulos, Rossier-Mirandaand Boom, 2017.

REFRENCES
Books and journals
Bartle, J.R., 2020. BUDGETING FOR DEPARTMENTAL NEEDS. The Public Affairs
Faculty Manual: A Guide to the Effective Management of Public Affairs
Programs, p.60.
Gorgoglione, M., Petruzzelli, A.M. and Panniello, U., 2018. Innovation through tradition in
the Italian coffee industry: an analysis of customers’ perceptions. Review of
Managerial Science. 12(3). pp.661-682.
Lee, C., Hallak, R. and Sardeshmukh, S.R., 2016. Innovation, entrepreneurship, and
restaurant performance: A higher-order structural model. Tourism
Management. 53. pp.215-228.
Lee, W.I., Shih, B.Y. and Chen, C.Y., 2012. Retracted: A hybrid artificial intelligence sales‐
forecasting system in the convenience store industry. Human Factors and
Ergonomics in Manufacturing & Service Industries, 22(3), pp.188-196.
PRIYA, S., 2020. A STUDY ON THE IMPORTANCE OF BUDGETING IN AN
ORGANISATION. Studies in Indian Place Names. 40(46). pp.500-505.
Pullman, M. and Rainey, K., 2016. Minimizing food waste at Google: Creating production
innovation and purchasing practices. In Organizing Supply Chain Processes
for Sustainable Innovation in the Agri-Food Industry. Emerald Group
Publishing Limited.
Ulupui, I.G.K.A., Zahra, S.F. and Handarini, D., 2020. Accountability in Managing Business
Funds through Budgeting to SME's. JurnalPemberdayaanMasyarakatMadani
(JPMM), 4(1), pp.375-384.
Zisopoulos, F.K., Rossier-Miranda, F.J. and Boom, R.M., 2017. The use of exergetic
indicators in the food industry–A review. Critical reviews in food science and
nutrition. 57(1). pp.197-211.