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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of G & H Fast Foods Ltd for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G & H Fast Foods Ltd for the year ended 30 June 2023 as set out on pages 2 - 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
A J Shah and Company Chartered Accountants 8 Pinner View Harrow Middlesex HA1 4QA 12 February 2024
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G & H Fast Foods Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
138,892 
141,979 
Tangible assets
32,815 
39,065 
171,707 
181,044 
Current assets
Inventories
1,085 
3,385 
Debtors
14,750 
14,750 
Cash at bank and in hand
9,748 
1,254 
25,583 
19,389 
Creditors: amounts falling due within one year
(346,882)
(335,349)
Net current liabilities
(321,299)
(315,960)
Net liabilities
(149,592)
(134,916)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(149,692)
(135,016)
Shareholders' funds
(149,592)
(134,916)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by
Harninder Kaur Randhawa Director Company Registration No. 11406362
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G & H Fast Foods Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
G & H Fast Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 11406362. The registered office is 8 PINNER VIEW, HARROW, HA1 4QA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2%
Fixtures & fittings
10%
Intangible fixed assets -Lease
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 3 -
G & H Fast Foods Ltd Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
154,326 
At 30 June 2023
154,326 
Amortisation
At 1 July 2022
12,347 
Charge for the year
3,087 
At 30 June 2023
15,434 
Net book value
At 30 June 2023
138,892 
At 30 June 2022
141,979 
Intangiable realted to Lease and improvement
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2022
62,502 
At 30 June 2023
62,502 
Depreciation
At 1 July 2022
23,437 
Charge for the year
6,250 
At 30 June 2023
29,687 
Net book value
At 30 June 2023
32,815 
At 30 June 2022
39,065 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
14,750 
14,750 
- 4 -
G & H Fast Foods Ltd Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
18,467 
21,120 
VAT
6,288 
6,455 
Trade creditors
5,185 
5,221 
Taxes and social security
2,986 
1,642 
Other creditors
273 
218 
Loans from directors
310,998 
298,008 
Accruals
2,685 
2,685 
346,882 
335,349 
8
Loans to directors
Amounts due to directors at the balance sheet date is £310,998 (2022: £298,008). The balance arose as a series of small loans. During the period expenses were paid by the director on behalf of the business and were subsequently reimbursed.
9
Average number of employees
During the year the average number of employees was 4 (2022: 8).
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