Registered number
10529190
Hungry Station Ltd
Filleted Accounts
30 November 2023
Hungry Station Ltd
Registered number: 10529190
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 39,884 47,210
Current assets
Stocks 8,450 7,275
Cash at bank and in hand 20,702 25,807
29,152 33,082
Creditors: amounts falling due within one year 4 (25,137) (26,745)
Net current assets 4,015 6,337
Total assets less current liabilities 43,899 53,547
Creditors: amounts falling due after more than one year 5 (34,089) (37,949)
Net assets 9,810 15,598
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 8,810 14,598
Shareholders' funds 9,810 15,598
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Fatima Rahman
Director
Approved by the board on 7 May 2024
Hungry Station Ltd
Notes to the Accounts
for the year ended 30 November 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:
Motor vehicle 6% reducing balance
Fixtures, fittings, tools and equipment 18% 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 12
3 Tangible fixed assets
Fixtures,
fittings,
tools and
equipment
Motor vehicles Total
£ £ £
Cost
At 1 December 2022 71,778 11,474 83,252
At 30 November 2023 71,778 11,474 83,252
Depreciation
At 1 December 2022 34,332 1,710 36,042
Charge for the year 6,740 586 7,326
At 30 November 2023 41,072 2,296 43,368
Net book value
At 30 November 2023 30,706 9,178 39,884
At 30 November 2022 37,446 9,764 47,210
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,267 10,837
Trade creditors 2,887 6,496
Taxation and social security costs 12,983 9,412
25,137 26,745
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,089 37,949
6 Other information
Hungry Station Ltd is a private company limited by shares and incorporated in England. Its registered office is:
178 The Grove
London
E15 1NS
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