Registered number
13563489
DIXY CHICKEN MANCHESTER LIMITED
Filleted Accounts
31 August 2023
DIXY CHICKEN MANCHESTER LIMITED
Registered number: 13563489
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 10,000 10,000
Tangible assets 4 37,570 44,200
47,570 54,200
Current assets
Stocks 1,268 476
Debtors 5 2,500 2,500
Cash at bank and in hand 199 7,539
3,967 10,515
Creditors: amounts falling due within one year 6 (66,489) (66,050)
Net current liabilities (62,522) (55,535)
Net liabilities (14,952) (1,335)
Capital and reserves
Called up share capital 1 1
Profit and loss account (14,953) (1,336)
Shareholder's funds (14,952) (1,335)
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.
Nadeem Saleem
Director
Approved by the board on 19 February 2024
DIXY CHICKEN MANCHESTER LIMITED
Notes to the Accounts
for the year ended 31 August 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:
Fittings & Fixtures 15 % Reducing balance
Plant & Machinery 15 % 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 2
3 Intangible fixed assets
Goodwill
Cost
At 1 September 2022 10,000
At 31 August 2023 10,000
Amortisation
At 31 August 2023 -
Net book value
At 31 August 2023 10,000
At 31 August 2022 10,000
4 Tangible fixed assets
Fittings & Fixtures Plant & Machinery Total
£ £ £
Cost
At 1 September 2022 19,000 33,000 52,000
At 31 August 2023 19,000 33,000 52,000
Depreciation
At 1 September 2022 2,850 4,950 7,800
Charge for the year 2,423 4,207 6,630
At 31 August 2023 5,273 9,157 14,430
Net book value
At 31 August 2023 13,727 23,843 37,570
At 31 August 2022 16,150 28,050 44,200
5 Debtors 2023 2022
£ £
Other Loan 2,500 2,500
6 Creditors: amounts falling due within one year 2023 2022
£ £
Director's Loan 66,047 66,050
Others Creditors 442 -
66,489 66,050
7 Other information
DIXY CHICKEN MANCHESTER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
288 Gorton Road
Stockport
England
SK5 6RN
8 Related party transactions
During the year director provided an unsecured loan to company for £66,047 [Year 2022: 66,050]. No interest is charged on the balance. At the balance sheet date, the loan is still outstanding.
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