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Registration number: 13406335

Sutana Ltd

trading as Beleza Rodizio

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Sutana Ltd

trading as Beleza Rodizio

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Sutana Ltd

trading as Beleza Rodizio

Company Information

Director

Mr Hakim Jamil Mohammed

Registered office

1 Tall Trees
Jenny Brough Lane
Hessle
East Yorkshire
HU13 0LE

Solicitors

Gunnercooke LLP
53 King Street
Manchester
M2 4LQ

Bankers

Natwest Bank

Accountants

Flexibility Professional Services (UK) Ltd
1 Tall Trees
Jenny Brough Lane
Hessle
East Yorkshire
HU13 0LE

 

Sutana Ltd

trading as Beleza Rodizio

(Registration number: 13406335)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

138,755

157,289

Current assets

 

Stocks

5

25,000

25,000

Debtors

6

42,125

34,685

Cash at bank and in hand

 

246,993

209,223

 

314,118

268,908

Creditors: Amounts falling due within one year

7

(178,103)

(200,919)

Net current assets

 

136,015

67,989

Total assets less current liabilities

 

274,770

225,278

Creditors: Amounts falling due after more than one year

7

(171,774)

(184,880)

Provisions for liabilities

(6,570)

(16,681)

Net assets

 

96,426

23,717

Capital and reserves

 

Called up share capital

8

50,000

50,000

Retained earnings

46,426

(26,283)

Shareholders' funds

 

96,426

23,717

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Sutana Ltd

trading as Beleza Rodizio

(Registration number: 13406335)
Balance Sheet as at 31 December 2023

Approved and authorised by the director on 23 February 2024
 

.........................................
Mr Hakim Jamil Mohammed
Director

 

Sutana Ltd

trading as Beleza Rodizio

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Tall Trees
Jenny Brough Lane
Hessle
East Yorkshire
HU13 0LE
United Kingdom

The principal place of business is:
Unit 2a
Kingswood Leisure Park
Kingswood
Hull
East Yorkshire
HU7 3DB
United Kingdom

These financial statements were authorised for issue by the director on 23 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Sutana Ltd

trading as Beleza Rodizio

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property improvements

Straight line @ 10%

Plant and machinery

Reducing balance @ 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Sutana Ltd

trading as Beleza Rodizio

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Sutana Ltd

trading as Beleza Rodizio

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 24 (2022 - 25).

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

97,552

86,303

183,855

Additions

-

5,837

5,837

At 31 December 2023

97,552

92,140

189,692

Depreciation

At 1 January 2023

9,755

16,811

26,566

Charge for the year

9,755

14,616

24,371

At 31 December 2023

19,510

31,427

50,937

Carrying amount

At 31 December 2023

78,042

60,713

138,755

At 31 December 2022

87,797

69,492

157,289

Included within the net book value of land and buildings above is £78,042 (2022 - £87,797) in respect of short leasehold land and buildings.
 

 

Sutana Ltd

trading as Beleza Rodizio

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Stocks

2023
£

2022
£

Other inventories

25,000

25,000

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

10

16,500

-

Prepayments

 

25,625

34,685

 

42,125

34,685

 

Sutana Ltd

trading as Beleza Rodizio

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

80,556

107,049

Taxation and social security

59,141

57,203

Accruals and deferred income

4,800

2,500

Other creditors

33,606

34,167

178,103

200,919

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings including Directors loans

9

171,774

184,880

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary £1 of £1 each

50,000

50,000

50,000

50,000

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

171,774

184,880

 

Sutana Ltd

trading as Beleza Rodizio

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

10

Related party transactions

Summary of transactions with associates

Unsecured loan capital provided to the company with no repayment terms.
 

Loans to related parties

2023

Associates
£

Key management
£

Total
£

At start of period

33,232

184,880

218,112

Repaid

-

(13,106)

(13,106)

At end of period

33,232

171,774

205,006

2022

Associates
£

Key management
£

Total
£

Advanced

33,232

184,880

218,112

At end of period

33,232

184,880

218,112

Terms of loans to related parties

Unsecured loan capital provided with no repayment terms.