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REGISTERED NUMBER: 09463171 (England and Wales)










Financial Statements

for the Year Ended 28 February 2024

for

Nudo Sushi Box (Manchester) Ltd

Nudo Sushi Box (Manchester) Ltd (Registered number: 09463171)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nudo Sushi Box (Manchester) Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTORS: K K Lau
Mrs K S K Lau Restauranteur
J X Zeng





REGISTERED OFFICE: Unit 1, Storey Court Dunne Road
Transbritannia Enterprise Park
Blaydon-On Tyne
Tyne and Wear
NE21 5NH





REGISTERED NUMBER: 09463171 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Nudo Sushi Box (Manchester) Ltd (Registered number: 09463171)

Balance Sheet
28 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 118,744 136,253

CURRENT ASSETS
Stocks 221,950 284,500
Debtors 5 105,619 178,108
Cash at bank and in hand 2,118 6,963
329,687 469,571
CREDITORS
Amounts falling due within one year 6 (491,578 ) (407,532 )
NET CURRENT (LIABILITIES)/ASSETS (161,891 ) 62,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,147

)

198,292

CREDITORS
Amounts falling due after more than one
year

7

(14,215

)

(38,544

)
NET (LIABILITIES)/ASSETS (57,362 ) 159,748

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 (57,462 ) 159,648
(57,362 ) 159,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Nudo Sushi Box (Manchester) Ltd (Registered number: 09463171)

Balance Sheet - continued
28 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





J X Zeng - Director


Nudo Sushi Box (Manchester) Ltd (Registered number: 09463171)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Nudo Sushi Box (Manchester) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the lease term
Plant and machinery - Straight Line over 5 years
Motor vehicles - Straight Line over 5 years

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Nudo Sushi Box (Manchester) Ltd (Registered number: 09463171)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2023 199,347 107,240 3,594 310,181
Additions - 1,304 - 1,304
At 28 February 2024 199,347 108,544 3,594 311,485
DEPRECIATION
At 1 March 2023 99,914 73,201 813 173,928
Charge for year 13,288 5,010 515 18,813
At 28 February 2024 113,202 78,211 1,328 192,741
NET BOOK VALUE
At 28 February 2024 86,145 30,333 2,266 118,744
At 28 February 2023 99,433 34,039 2,781 136,253

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 99,545 173,945
VAT 6,074 4,163
105,619 178,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 24,267 9,699
Other loans (see note 8) 366,920 296,420
Trade creditors 54,872 70,122
Tax 17,302 17,302
PAYE/NI liability 28,217 3,320
Pensions - 3
Wages control account - 10,666
491,578 407,532

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) - 24,329
Other Creditor 14,215 14,215
14,215 38,544

Nudo Sushi Box (Manchester) Ltd (Registered number: 09463171)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 24,267 9,699
Inter company balances 366,920 296,420
391,187 306,119

Amounts falling due between one and two years:
Bank loans - 1-2 years - 9,945

Amounts falling due between two and five years:
Bank loans - 2-5 years - 14,384

9. RESERVES
Retained
earnings
£   

At 1 March 2023 159,648
Deficit for the year (217,110 )
At 28 February 2024 (57,462 )