Registered number
10610739
Daris Restaurant Ltd
Filleted Accounts
29 February 2024
Daris Restaurant Ltd
Registered number: 10610739
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,494 3,041
Current assets
Stocks 1,850 1,600
Debtors 4 11,933 -
Cash at bank and in hand 29,550 57,934
43,333 59,534
Creditors: amounts falling due within one year 5 (14,073) (25,742)
Net current assets 29,260 33,792
Total assets less current liabilities 31,754 36,833
Creditors: amounts falling due after more than one year 6 (13,500) (19,500)
Net assets 18,254 17,333
Capital and reserves
Called up share capital 10 10
Profit and loss account 18,244 17,323
Shareholder's funds 18,254 17,333
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.
Enver Bajraktari
Director
Approved by the board on 1 April 2024
Daris Restaurant Ltd
Notes to the Accounts
for the year ended 29 February 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 18% reducing balance method
Fixtures, fittings, tools and equipment 18% reducing balance method
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.
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 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 3,041
At 29 February 2024 3,041
Depreciation
Charge for the year 547
At 29 February 2024 547
Net book value
At 29 February 2024 2,494
At 28 February 2023 3,041
4 Debtors 2024 2023
£ £
Other debtors 11,933 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 1,229
Taxation and social security costs 12,844 15,019
Other creditors 1,229 9,494
14,073 25,742
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,500 19,500
7 Other information
Daris Restaurant Ltd is a private company limited by shares and incorporated in England. Its registered office is:
190 Northfield Road
Sheffield
S10 1QU
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