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REGISTERED NUMBER: 10171937 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MILAN RESTAURANT LIMITED

MILAN RESTAURANT LIMITED (REGISTERED NUMBER: 10171937)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILAN RESTAURANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P Bell





REGISTERED OFFICE: Grafton House
81 Chorley Old Road
Bolton
BL1 3AJ





REGISTERED NUMBER: 10171937 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

MILAN RESTAURANT LIMITED (REGISTERED NUMBER: 10171937)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 43,249 54,976

CURRENT ASSETS
Stocks 9,000 8,500
Cash at bank and in hand 117,976 120,063
126,976 128,563
CREDITORS
Amounts falling due within one year 6 68,040 56,381
NET CURRENT ASSETS 58,936 72,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,185

127,158

CREDITORS
Amounts falling due after more than one
year

7

(32,355

)

(42,059

)

PROVISIONS FOR LIABILITIES (8,217 ) (10,445 )
NET ASSETS 61,613 74,654

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 61,612 74,653
61,613 74,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MILAN RESTAURANT LIMITED (REGISTERED NUMBER: 10171937)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





P Bell - Director


MILAN RESTAURANT LIMITED (REGISTERED NUMBER: 10171937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Milan Restaurant Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on 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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MILAN RESTAURANT LIMITED (REGISTERED NUMBER: 10171937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 46 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 34,397 43,380 77,777
DEPRECIATION
At 1 April 2022 14,237 8,564 22,801
Charge for year 3,023 8,704 11,727
At 31 March 2023 17,260 17,268 34,528
NET BOOK VALUE
At 31 March 2023 17,137 26,112 43,249
At 31 March 2022 20,160 34,816 54,976

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,240 16,550
Tax 108 3,469
Social security and other taxes 14,158 3,982
VAT 25,998 12,172
Other creditors 7,888 14,917
Directors current account 448 4,089
Accrued expenses 1,200 1,202
68,040 56,381

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 32,355 42,059

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Bell.