7 false false false false false false false false false false true false false true false true true No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10562411 2022-03-01 2023-02-28 10562411 2023-02-28 10562411 2022-02-28 10562411 2021-03-01 2022-02-28 10562411 2022-02-28 10562411 2021-02-28 10562411 core:FurnitureFittings 2022-03-01 2023-02-28 10562411 core:MotorVehicles 2022-03-01 2023-02-28 10562411 bus:Director1 2022-03-01 2023-02-28 10562411 core:FurnitureFittings 2022-02-28 10562411 core:MotorVehicles 2022-02-28 10562411 core:FurnitureFittings 2023-02-28 10562411 core:MotorVehicles 2023-02-28 10562411 core:WithinOneYear 2023-02-28 10562411 core:WithinOneYear 2022-02-28 10562411 core:ShareCapital 2023-02-28 10562411 core:ShareCapital 2022-02-28 10562411 core:RetainedEarningsAccumulatedLosses 2023-02-28 10562411 core:RetainedEarningsAccumulatedLosses 2022-02-28 10562411 core:FurnitureFittings 2022-02-28 10562411 core:MotorVehicles 2022-02-28 10562411 bus:SmallEntities 2022-03-01 2023-02-28 10562411 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 10562411 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 10562411 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10562411 bus:FullAccounts 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 10562411
DESI TADKA UK LTD
Filleted Unaudited Financial Statements
28 February 2023
DESI TADKA UK LTD
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
5,996
5,642
Current assets
Stocks
2,370
2,140
Cash at bank and in hand
33,451
50,987
--------
--------
35,821
53,127
Creditors: amounts falling due within one year
6
19,897
17,886
--------
--------
Net current assets
15,924
35,241
--------
--------
Total assets less current liabilities
21,920
40,883
--------
--------
Net assets
21,920
40,883
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
21,820
40,783
--------
--------
Shareholders funds
21,920
40,883
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DESI TADKA UK LTD
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 20 October 2023 , and are signed on behalf of the board by:
Mr S SIDHU
Director
Company registration number: 10562411
DESI TADKA UK LTD
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 148 UXBRIDGE ROAD, HAYES, UB4 0JH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
All assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 7 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 March 2022
12,625
1,250
13,875
Additions
1,669
1,669
--------
-------
--------
At 28 February 2023
14,294
1,250
15,544
--------
-------
--------
Depreciation
At 1 March 2022
7,424
809
8,233
Charge for the year
1,236
79
1,315
--------
-------
--------
At 28 February 2023
8,660
888
9,548
--------
-------
--------
Carrying amount
At 28 February 2023
5,634
362
5,996
--------
-------
--------
At 28 February 2022
5,201
441
5,642
--------
-------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
8,360
8,360
Social security and other taxes
7,320
5,310
Other creditors
4,217
4,216
--------
--------
19,897
17,886
--------
--------
7. Directors' advances, credits and guarantees
Directors loan account relates to directors current account.
8. Related party transactions
The company was under the control of Mr S SIDHU throughout the current year. Mr S SIDHU is the managing director and 100% shareholder.