Registered number
07163485
Alban Tandoori Restaurant Limited
Filleted Accounts
28 February 2023
Alban Tandoori Restaurant Limited
Registered number: 07163485
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 23,455 27,594
Current assets
Stocks 1,475 1,150
Debtors 3 2,663 44,388
Cash at bank and in hand 36,940 26,724
41,078 72,262
Creditors: amounts falling due within one year 4 (42,712) (44,719)
Net current (liabilities)/assets (1,634) 27,543
Total assets less current liabilities 21,821 55,137
Creditors: amounts falling due after more than one year 5 (25,848) (35,834)
Net (liabilities)/assets (4,027) 19,303
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,028) 19,302
Shareholder's funds (4,027) 19,303
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 member has 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.
Mrs Y Z Choudhury
Director
Approved by the board on 7 October 2023
Alban Tandoori Restaurant Limited
Notes to the Accounts
for the year ended 28 February 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 represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold buildings not provided
Plant and machinery 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 7
3 Debtors 2023 2022
£ £
Director's loan account - 44,388
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,500 7,500
Trade creditors 28,790 30,946
Taxation and social security costs 4,460 5,923
Other creditors 350 350
42,712 44,719
6 Directors advances, credits & guarantees
At 28th February 2022 the director owed to the company £44,387 (2021: £82,863). 2.5% interest
is charged on the loan. The loan is repayable on demand.
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,848 35,834
6 Other information
Alban Tandoori Restaurant Limited is a private company limited by shares and incorporated in England. Its registered office is:
145 Victoria Street
St Albans
Herts
AL1 3TA
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