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REGISTERED NUMBER: 08993570 (England and Wales)















Financial Statements for the Year Ended 31st May 2023

for

SIDHU PUB LIMITED

SIDHU PUB LIMITED (Registered number: 08993570)

Contents of the Financial Statements
for the Year Ended 31st May 2023










Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 5


SIDHU PUB LIMITED

Company Information
for the Year Ended 31st May 2023







DIRECTOR: S SINGH





SECRETARY:





REGISTERED OFFICE: 133 BIRMINGHAM ROAD
OLDBURY
BIRMINGHAM
West Midlands
B69 4EW





REGISTERED NUMBER: 08993570 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

SIDHU PUB LIMITED (Registered number: 08993570)

Income Statement
for the Year Ended 31st May 2023

31.5.23 31.5.22
Notes £    £   

REVENUE 179,378 172,081

Cost of sales 111,193 96,743
GROSS PROFIT 68,185 75,338

Administrative expenses 66,733 67,950
1,452 7,388

Other operating income 1,525 12,008
OPERATING PROFIT 4 2,977 19,396


Interest payable and similar expenses 5 - 498
PROFIT BEFORE TAXATION 2,977 18,898

Tax on profit 834 3,787
PROFIT FOR THE FINANCIAL YEAR 2,143 15,111

SIDHU PUB LIMITED (Registered number: 08993570)

Balance Sheet
31st May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 6 29,586 32,716

CURRENT ASSETS
Inventories 7 7,478 7,011
Debtors 8 3,845 3,874
Cash at bank 40,909 73,001
52,232 83,886
CREDITORS
Amounts falling due within one year 9 18,825 21,308
NET CURRENT ASSETS 33,407 62,578
TOTAL ASSETS LESS CURRENT LIABILITIES 62,993 95,294

CREDITORS
Amounts falling due after more than one
year

10

31,112

40,556
NET ASSETS 31,881 54,738

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 31,880 54,737
SHAREHOLDERS' FUNDS 31,881 54,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SIDHU PUB LIMITED (Registered number: 08993570)

Balance Sheet - continued
31st May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 16th June 2023 and were signed by:





MRS R K SIDHU - Director


SIDHU PUB LIMITED (Registered number: 08993570)

Notes to the Financial Statements
for the Year Ended 31st May 2023


1. STATUTORY INFORMATION

SIDHU PUB 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.

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

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

Fixturres and fittings 15% pa on reducing balance

Motor vehicles 25% ps on reducing balance

Stocks
Inventories 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 Income Statement, 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.

SIDHU PUB LIMITED (Registered number: 08993570)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.23 31.5.22
£    £   
Depreciation - owned assets 3,130 3,130

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.5.23 31.5.22
£    £   
Bank loan interest - 498

6. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st June 2022
and 31st May 2023 13,390 30,116 5,700 49,206
DEPRECIATION
At 1st June 2022 - 13,640 2,850 16,490
Charge for year - 1,705 1,425 3,130
At 31st May 2023 - 15,345 4,275 19,620
NET BOOK VALUE
At 31st May 2023 13,390 14,771 1,425 29,586
At 31st May 2022 13,390 16,476 2,850 32,716

7. INVENTORIES
31.5.23 31.5.22
£    £   
Stocks 7,478 7,011

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 1,845 1,874
Rent in Advance 2,000 2,000
3,845 3,874

SIDHU PUB LIMITED (Registered number: 08993570)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 5,011 4,839
Tax 834 3,787
Social security and other taxes 6,659 1,395
Directors' current accounts 5,321 10,437
Accrued expenses 1,000 850
18,825 21,308

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Other loans - 1-2 years 31,112 40,556