Company Registration No. 11095935 (England and Wales)
BEST KEBAB (HEMEL HEMPSTEAD) LIMITED
Unaudited accounts
for the year ended 31 December 2022
BEST KEBAB (HEMEL HEMPSTEAD) LIMITED
Unaudited accounts
Contents
BEST KEBAB (HEMEL HEMPSTEAD) LIMITED
Company Information
for the year ended 31 December 2022
Company Number
11095935 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD
LONDON
N8 0JG
UNITED KINGDOM
Accountants
Tatar Brothers & Co Accountants
40 Willoughby Road
Hornsey
London
N8 0JG
BEST KEBAB (HEMEL HEMPSTEAD) LIMITED
Statement of financial position
as at 31 December 2022
Intangible assets
5,891
6,733
Tangible assets
97,040
98,653
Cash at bank and in hand
1,792
2,423
Creditors: amounts falling due within one year
(40,120)
(36,488)
Net current liabilities
(33,254)
(28,273)
Total assets less current liabilities
69,677
77,113
Creditors: amounts falling due after more than one year
(12,367)
(17,690)
Called up share capital
1
1
Profit and loss account
57,309
59,422
Shareholders' funds
57,310
59,423
For the year ending 31 December 2022 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 director acknowledges his 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 and authorised for issue on 10 November 2023 and were signed on its behalf by
Murat Gurbuz
Director
Company Registration No. 11095935
BEST KEBAB (HEMEL HEMPSTEAD) LIMITED
Notes to the Accounts
for the year ended 31 December 2022
BEST KEBAB (HEMEL HEMPSTEAD) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11095935. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
15% reducing balance method
Fixtures & fittings
15% reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Goodwill are included at cost less accumulated amortisation. Goodwill will be fully amortised over its useful economic life of 12 years.
BEST KEBAB (HEMEL HEMPSTEAD) LIMITED
Notes to the Accounts
for the year ended 31 December 2022
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
The entity received Retail Hospitality and Leisure grant amounting to £10,000 and also Furlough grant amounting to £6,723 during the year.
4
Intangible fixed assets
Goodwill
At 31 December 2022
10,100
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
87,900
5,581
12,000
105,481
At 31 December 2022
87,900
5,581
12,000
105,481
At 1 January 2022
-
1,092
5,736
6,828
Charge for the year
-
673
940
1,613
At 31 December 2022
-
1,765
6,676
8,441
At 31 December 2022
87,900
3,816
5,324
97,040
At 31 December 2021
87,900
4,489
6,264
98,653
Amounts falling due within one year
Accrued income and prepayments
500
500
BEST KEBAB (HEMEL HEMPSTEAD) LIMITED
Notes to the Accounts
for the year ended 31 December 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,927
6,088
Taxes and social security
8,604
10,963
Loans from directors
24,344
18,192
8
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 3 (2021: 3).