Registered number
14095646
TITAN KEBAB LTD
Filleted Accounts
31 May 2023
TITAN KEBAB LTD
Registered number: 14095646
Balance Sheet
as at 31 May 2023
Notes 2023
£
Current assets
Stocks 765
Cash at bank and in hand 1,486
2,251
Creditors: amounts falling due within one year 3 (1,648)
Net current assets 603
Net assets 603
Capital and reserves
Called up share capital 100
Profit and loss account 503
Shareholder's funds 603
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.
Timurhan ASLAN
Director
Approved by the board on 7 February 2024
TITAN KEBAB LTD
Notes to the Accounts
for the period from 20 October 2022 to 31 May 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. 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 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
Number
Average number of persons employed by the company 2
3 Creditors: amounts falling due within one year 2023
£
Trade creditors 748
Taxation and social security costs 900
1,648
4 Other information
TITAN KEBAB LTD is a private company limited by shares and incorporated in England. Its registered office is:
226 Stoke Newington High Street
London
N16 7HU
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