Registered number
SC711924
Stirling Fast Food Ltd
Filleted Accounts
31 March 2023
Stirling Fast Food Ltd
Registered number: SC711924
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Tangible assets 3 30,679
Current assets
Stocks 8,818
Debtors 4 16,986
Cash at bank and in hand 61,127
86,931
Creditors: amounts falling due within one year 5 (121,278)
Net current assets/(liabilities) (34,347)
Total assets less current liabilities (3,668)
Creditors: amounts falling due after more than one year 6 (20,596)
Net assets/(liabilities) (24,264)
Capital and reserves
Called up share capital 100
Profit and loss account (24,364)
Shareholders' funds (24,264)
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.
Mrs Asima Ali
Director
Approved by the board on 11 March 2024
Stirling Fast Food Ltd
Notes to the Accounts
for the period from 11 October 2021 to 31 March 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.
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:
Fixtures, fittings, tools and equipment 10% 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.
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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 7
3 Tangible fixed assets
Fixture & fittings
£
Cost
Additions 34,088
At 31 March 2023 34,088
Depreciation
Charge for the period 3,409
At 31 March 2023 3,409
Net book value
At 31 March 2023 30,679
4 Debtors 2023
£
Trade debtors 16,986
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 5,617
Taxation and social security costs 115,661
121,278
6 Creditors: amounts falling due after one year 2023
£
Director's loan account 20,596
Stirling Fast Food Ltd SC711924 false 2021-10-11 2023-03-31 2023-03-31 VT Final Accounts April 2022 Mrs Asima Ali No description of principal activity SC711924 2021-10-11 2023-03-31 SC711924 bus:PrivateLimitedCompanyLtd 2021-10-11 2023-03-31 SC711924 bus:AuditExemptWithAccountantsReport 2021-10-11 2023-03-31 SC711924 bus:Director40 2021-10-11 2023-03-31 SC711924 1 2021-10-11 2023-03-31 SC711924 2 2021-10-11 2023-03-31 SC711924 bus:FRS102 2021-10-11 2023-03-31 SC711924 bus:FullAccounts 2021-10-11 2023-03-31 SC711924 2023-03-31 SC711924 core:WithinOneYear 2023-03-31 SC711924 core:AfterOneYear 2023-03-31 SC711924 core:ShareCapital 2023-03-31 SC711924 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC711924 2021-10-10 iso4217:GBP xbrli:pure