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Registered number: 12843748
CGOL Restaurants Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12843748
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 140,367 161,920
140,367 161,920
CURRENT ASSETS
Stocks 5 8,000 8,000
Debtors 6 51,995 34,279
Cash at bank and in hand 29,466 26,846
89,461 69,125
Creditors: Amounts Falling Due Within One Year 7 (237,605 ) (164,965 )
NET CURRENT ASSETS (LIABILITIES) (148,144 ) (95,840 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,777 ) 66,080
NET (LIABILITIES)/ASSETS (7,777 ) 66,080
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (7,877 ) 65,980
SHAREHOLDERS' FUNDS (7,777) 66,080
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mohammed Banares
Director
31st August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CGOL Restaurants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12843748 . The registered office is Unit 1b Forest Street, Sutton in Ashfield, NG17 1DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2022: 21)
19 21
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2022 151,166 37,575 187 188,928
Additions 327 - 801 1,128
As at 31 August 2023 151,493 37,575 988 190,056
Depreciation
As at 1 September 2022 17,391 9,535 82 27,008
Provided during the period 19,148 3,519 14 22,681
As at 31 August 2023 36,539 13,054 96 49,689
...CONTINUED
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Net Book Value
As at 31 August 2023 114,954 24,521 892 140,367
As at 1 September 2022 133,775 28,040 105 161,920
5. Stocks
2023 2022
£ £
Stock 8,000 8,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,888 23,603
Other debtors 27,492 9,780
VAT 13,615 773
Other taxes and social security - 123
51,995 34,279
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 91,032 4,257
Corporation tax - 10,053
Other taxes and social security 1,566 -
Net wages 12,999 12,582
Other creditors 92,814 135,648
Accruals and deferred income 1,695 1,695
Directors' loan accounts 37,499 730
237,605 164,965
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year, the company shares transferred ownership. As a result, there are no loans to or from related parties in the current year. 
 The new director of the business currently has a loan account of £37,499 owed to them from the entity.
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