Registered number
14685884
Baboush Hotel Restaurant Pub Limited
Filleted Accounts
31 January 2024
Baboush Hotel Restaurant Pub Limited
Registered number: 14685884
Balance Sheet
as at 31 January 2024
Notes 2024
£
Fixed assets
Tangible assets 3 2,899
Current assets
Stocks 19,860
Cash at bank and in hand 4,776
24,636
Creditors: amounts falling due within one year 4 (26,619)
Net current liabilities (1,983)
Net assets 916
Capital and reserves
Called up share capital 100
Profit and loss account 816
Shareholder's funds 916
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.
Ahmet Metin Erdogan
Director
Approved by the board on 23 February 2024
Baboush Hotel Restaurant Pub Limited
Notes to the Accounts
for the period from 23 February 2023 to 31 January 2024
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings NIL
Fixtures, fittings, tools and equipment 25% Reducing balance
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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 2,000 1,027 3,027
At 31 January 2024 2,000 1,027 3,027
Depreciation
Charge for the period - 128 128
At 31 January 2024 - 128 128
Net book value
At 31 January 2024 2,000 899 2,899
4 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 15
Trade creditors 6,575
Taxation and social security costs 9,161
Other creditors 10,868
26,619
5 Other information
Baboush Hotel Restaurant Pub Limited is a private company limited by shares and incorporated in England. Its registered office is:
47 Springfield Road
Wigan
WN6 7BB
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