Registered number
10824960
THE EMPIRE URMSTON LTD
Filleted Accounts
2 March 2023
THE EMPIRE URMSTON LTD
Registered number: 10824960
Balance Sheet
as at 2 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 6,395
Tangible assets 4 - 469
- 6,864
Current assets
Stocks 2,000 3,800
Debtors 5 - 2,288
Cash at bank and in hand 98,590 65,473
100,590 71,561
Creditors: amounts falling due within one year 6 (100,290) (77,026)
Net current assets/(liabilities) 300 (5,465)
Net assets 300 1,399
Capital and reserves
Called up share capital 300 300
Profit and loss account - 1,099
Shareholders' funds 300 1,399
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
HON LIN LY
Director
Approved by the board on 9 October 2023
THE EMPIRE URMSTON LTD
Notes to the Accounts
for the period from 1 July 2022 to 2 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 58,000
Disposals (58,000)
At 2 March 2023 -
Amortisation
At 1 July 2022 51,605
On disposals (51,605)
At 2 March 2023 -
Net book value
At 2 March 2023 -
At 30 June 2022 6,395
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 734
Disposals (734)
At 2 March 2023 -
Depreciation
At 1 July 2022 265
On disposals (265)
At 2 March 2023 -
Net book value
At 2 March 2023 -
At 30 June 2022 469
5 Debtors 2023 2022
£ £
Trade debtors - 454
Other debtors - 1,834
- 2,288
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 20,417 24,143
Taxation and social security costs 6,474 22,087
Directors' loan account 71,899 28,259
Other creditors 1,500 2,537
100,290 77,026
7 Other information
THE EMPIRE URMSTON LTD is a private company limited by shares and incorporated in England. Its registered office is:
7-9, The Empire Restaurant
Bowfell Road
Manchester
M41 5RW
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