Registered number
13914453
Shoots Kebab Ltd
Filleted Accounts
29 February 2024
Shoots Kebab Ltd
Registered number: 13914453
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,704 54,108
Current assets
Stocks 5,500 3,000
Cash at bank and in hand 26,477 40,805
31,977 43,805
Creditors: amounts falling due within one year 4 (53,254) (75,022)
Net current liabilities (21,277) (31,217)
Total assets less current liabilities 27,427 22,891
Provisions for liabilities - (3,232)
Net assets 27,427 19,659
Capital and reserves
Called up share capital 100 100
Profit and loss account 27,327 19,559
Shareholders' funds 27,427 19,659
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.
Mr D P Blanks
Director
Approved by the board on 26 July 2024
Shoots Kebab 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:
Leasehold land and buildings 10% straight line
Plant and machinery 20% reducing balance
Motor vehicles 25% 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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 38,214 17,802 7,300 63,316
Additions - 3,293 - 3,293
At 29 February 2024 38,214 21,095 7,300 66,609
Depreciation
At 1 March 2023 3,821 3,562 1,825 9,208
Charge for the year 3,821 3,507 1,369 8,697
At 29 February 2024 7,642 7,069 3,194 17,905
Net book value
At 29 February 2024 30,572 14,026 4,106 48,704
At 28 February 2023 34,393 14,240 5,475 54,108
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,055 -
Taxation and social security costs 14,048 9,697
Other creditors 38,151 65,325
53,254 75,022
5 Other information
Shoots Kebab Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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