Registered number
12444370
ARMINA CATERING LTD
Filleted Accounts
28 February 2023
ARMINA CATERING LTD
Registered number: 12444370
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Stocks 2,945 525
Debtors 3 21,371 31,044
Cash at bank and in hand 581 24,293
24,897 55,862
Creditors: amounts falling due within one year 4 (17,307) (17,230)
Net current assets 7,590 38,632
Total assets less current liabilities 7,590 38,632
Creditors: amounts falling due after more than one year 5 (34,661) (38,465)
Net (liabilities)/assets (27,071) 167
Capital and reserves
Called up share capital 100 100
Profit and loss account (27,171) 67
Shareholder's funds (27,071) 167
The director is 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 director acknowledges his 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.
Ali Ercument ALTUN
Director
Approved by the board on 9 August 2023
ARMINA CATERING LTD
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 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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 corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2023 2022
£ £
Prepayments & other debtors 21,371 31,044
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 13,629 10,648
Trade creditors 2,636 2,266
Taxation and social security costs 1,042 4,316
17,307 17,230
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,661 38,465
6 Other information
ARMINA CATERING LTD is a private company limited by shares and incorporated in England. Its registered office is:
273 Acton Lane
London
W4 5DG
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