SORELLA RESTAURANT LIMITED

Company Registration Number:
12104984 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

SORELLA RESTAURANT LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

SORELLA RESTAURANT LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 280,200 179,890
Total fixed assets: 280,200 179,890
Current assets
Stocks: 7,235 4,559
Cash at bank and in hand: 96,149 15,035
Total current assets: 103,384 19,594
Creditors: amounts falling due within one year:   (135,241) (125,689)
Net current assets (liabilities): (31,857) (106,095)
Total assets less current liabilities: 248,343 73,795
Creditors: amounts falling due after more than one year:   (156,716) (40,000)
Total net assets (liabilities): 91,627 33,795
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 91,527 33,695
Shareholders funds: 91,627 33,795

The notes form part of these financial statements

SORELLA RESTAURANT LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 July 2024
and signed on behalf of the board by:

Name: A Hoxha
Status: Director

The notes form part of these financial statements

SORELLA RESTAURANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts invoiced by the company in respect of sales and services provided during the year, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life. The annual depreciation rates used on a reducing balance basis are as follows:- Plant and equipment 20%

Valuation and information policy

Stocks are valued on a first in first out basis at the lower of cost and net realisable value.

SORELLA RESTAURANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 18 13

SORELLA RESTAURANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 189,798
Additions 131,323
At 31 July 2023 321,121
Depreciation
At 01 August 2022 9,908
Charge for year 31,013
At 31 July 2023 40,921
Net book value
At 31 July 2023 280,200
At 31 July 2022 179,890