Registered number
11312021
TJ'S BAR & GRILL LIMITED
Filleted Accounts
30 April 2023
TJ'S BAR & GRILL LIMITED
Registered number: 11312021
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 56,472 2,816
Current assets
Stocks 15,415 5,560
Cash at bank and in hand 15,935 46,184
31,350 51,744
Creditors: amounts falling due within one year 4 (78,250) (36,294)
Net current (liabilities)/assets (46,900) 15,450
Total assets less current liabilities 9,572 18,266
Creditors: amounts falling due after more than one year 5 (30,007) (40,656)
Net liabilities (20,435) (22,390)
Capital and reserves
Called up share capital 5 5
Profit and loss account (20,440) (22,395)
Shareholders' funds (20,435) (22,390)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
Tarandeep Singh Teja
Director
Approved by the board on 31 January 2024
TJ'S BAR & GRILL LIMITED
Notes to the Accounts
for the year ended 30 April 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 16 16
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 3,477
Additions 59,931
At 30 April 2023 63,408
Depreciation
At 1 May 2022 661
Charge for the year 6,275
At 30 April 2023 6,936
Net book value
At 30 April 2023 56,472
At 30 April 2022 2,816
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 50,826 12,473
Taxation and social security costs 734 10,807
Other creditors 26,690 13,014
78,250 36,294
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,007 40,656
6 Controlling party
The company is controlled by the director.
7 Other information
TJ'S BAR & GRILL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Woodhouse Street
Leeds
West Yorkshire
LS6 2JH
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