2022-08-012023-07-312023-07-31false10346668JOE'S MASALA HUT 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JOE'S MASALA HUT LTD

Registered Number
10346668
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

JOE'S MASALA HUT LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

Mohammed Sad Ahmed

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

10346668 (England and Wales)
JOE'S MASALA HUT LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets35,6497,061
5,6497,061
Current assets
Stocks2,8981,863
Debtors2,7793,293
Cash at bank and on hand36,24127,866
41,91833,022
Creditors amounts falling due within one year5(43,026)(22,084)
Net current assets (liabilities)(1,108)10,938
Total assets less current liabilities4,54117,999
Creditors amounts falling due after one year6(9,166)(12,961)
Net assets(4,625)5,038
Capital and reserves
Called up share capital100100
Profit and loss account(4,725)4,938
Shareholders' funds(4,625)5,038
The financial statements were approved and authorised for issue by the Director on 26 March 2024, and are signed on its behalf by:
Mohammed Sad Ahmed
Director
Registered Company No. 10346668
JOE'S MASALA HUT LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year76
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 August 2212,500
At 31 July 2312,500
Depreciation and impairment
At 01 August 225,439
Charge for year1,412
At 31 July 236,851
Net book value
At 31 July 235,649
At 31 July 227,061
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables2,7791,097
Other debtors-2,196
Total2,7793,293
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables9,780-
Taxation and social security30,54920,162
Other creditors2,6971,922
Total43,02622,084
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts9,16612,961
Total9,16612,961