Registered number
13092113
Moreish Cuisine Ltd
Filleted Accounts
31 December 2023
Moreish Cuisine Ltd
Registered number: 13092113
Balance Sheet
as at 31 December 2023
Notes 31/12/23 31/1/23
£ £
Fixed assets
Intangible assets 3 2,000 3,000
Tangible assets 4 25,168 24,370
27,168 27,370
Current assets
Stocks 2,850 4,500
Debtors 5 4,998 2,245
Cash at bank and in hand 6,730 25,927
14,578 32,672
Creditors: amounts falling due within one year 6 590 (2,905)
Net current assets 15,168 29,767
Total assets less current liabilities 42,336 57,137
Creditors: amounts falling due after more than one year 7 (74,820) (89,247)
Net liabilities (32,484) (32,110)
Capital and reserves
Called up share capital 100 100
Profit and loss account (32,584) (32,210)
Shareholders' funds (32,484) (32,110)
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.
SHAHBAZ ASWAT
Director
Approved by the board on 6 February 2024
Moreish Cuisine Ltd
Notes to the Accounts
for the period from 1 February 2023 to 31 December 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.
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:
Plant and machinery 20% 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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/23 31/1/23
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 5,000
At 31 December 2023 5,000
Amortisation
At 1 February 2023 2,000
Provided during the period 1,000
At 31 December 2023 3,000
Net book value
At 31 December 2023 2,000
At 31 January 2023 3,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 38,077
Additions 5,117
At 31 December 2023 43,194
Depreciation
At 1 February 2023 13,707
Charge for the period 4,319
At 31 December 2023 18,026
Net book value
At 31 December 2023 25,168
At 31 January 2023 24,370
5 Debtors 31/12/23 31/1/23
£ £
Trade debtors 4,998 2,245
6 Creditors: amounts falling due within one year 31/12/23 31/1/23
£ £
Trade creditors - 1,224
Other creditors (590) 1,681
(590) 2,905
7 Creditors: amounts falling due after one year 31/12/23 31/1/23
£ £
Bank loans 56,573 82,500
Directors Loan 18,247 6,747
74,820 89,247
8 Controlling party
The company is under the control of the Director.
9 Other information
Moreish Cuisine Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 209 Bretton Street Enterprise
Bretfield Court
Dewsbury
WF12 9BG
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