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Registered Number: 12326129
England and Wales

 

 

 

SAROJ HOSPITALITY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 28 February 2023.
Principal activities
Principal activity of the company during the financial year was of running of a high street restaurant and catering services.
Directors
The directors who served the company throughout the year were as follows:
Sovat Singh Bisht
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Sovat Singh Bisht
Director

Date approved: 05 August 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 24,734    5,967 
24,734    5,967 
Current assets      
Stocks 4 10,000   
Debtors 5 21,200    3,064 
Cash at bank and in hand 136    3,192 
31,336    6,256 
Creditors: amount falling due within one year 6 (55,233)   (12,992)
Net current liabilities (23,897)   (6,736)
 
Total assets less current liabilities 837    (769)
Creditors: amount falling due after more than one year 7 (37,066)   (43,817)
Provisions for liabilities 8 (301)  
Net liabilities (36,530)   (44,586)
 

Capital and reserves
     
Called up share capital 9 100   
Profit and loss account (36,630)   (44,586)
Shareholder's funds (36,530)   (44,586)
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 05 August 2023 and were signed on its behalf by:


-------------------------------
Sovat Singh Bisht
Director
2
General Information
Saroj Hospitality Ltd is a private company, limited by shares, registered in England and Wales, registration number 12326129, registration address 256 Rush Green Road, Romford, Essex, RM7 0LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 7 year Straight Line
Fixtures and Fittings 33.33% Reducing Balance
Computer Equipment 33.33% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2022   10,417    442    10,859 
Additions 22,500        22,500 
Disposals      
At 28 February 2023 22,500    10,417    442    33,359 
Depreciation
At 01 March 2022   4,816    76    4,892 
Charge for year 1,744    1,867    122    3,733 
On disposals      
At 28 February 2023 1,744    6,683    198    8,625 
Net book values
Closing balance as at 28 February 2023 20,756    3,734    244    24,734 
Opening balance as at 01 March 2022   5,601    366    5,967 


4.

Stocks

2023
£
  2022
£
Stocks 10,000   
10,000   

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Accrued Income 21,200   
Directors' Current Accounts   3,064 
21,200    3,064 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 36,514    514 
PAYE & Social Security 9,418    9,684 
Accrued Expenses 3,064   
Other Creditors (2)   (1)
Wages & Salaries Control Account 1,564   
Directors' Current Accounts 2,876   
VAT 1,799    2,795 
55,233    12,992 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 28,766    37,817 
Director Loan: Sovat Singh Bisht 8,300    6,000 
37,066    43,817 

8.

Provisions for liabilities

2023
£
  2022
£
Pension Provisions 301   
301   

9.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
50 Class A shares of £1.00 each 50    50 
50 Class B shares of £1.00 each 50    50 
100    100 

3