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REGISTERED NUMBER: 11917212 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Barnet Sushi Ltd

Barnet Sushi Ltd (Registered number: 11917212)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barnet Sushi Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: MS S H Lew
C H Tang





REGISTERED OFFICE: 16 Unity Road
Enfield
Greater London
EN3 6PA





REGISTERED NUMBER: 11917212 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
30 Charing Cross Road
London
UK
WC2H 0DE

Barnet Sushi Ltd (Registered number: 11917212)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,485 2,535

CURRENT ASSETS
Stocks 5 5,300 5,300
Debtors 6 22,266 22,037
Cash at bank 19,561 27,065
47,127 54,402
CREDITORS
Amounts falling due within one year 7 33,475 50,409
NET CURRENT ASSETS 13,652 3,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,137

6,528

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 16,037 6,428
SHAREHOLDERS' FUNDS 16,137 6,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Barnet Sushi Ltd (Registered number: 11917212)

Balance Sheet - continued
30 April 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 10 September 2024 and were signed on its behalf by:




MS S H Lew - Director



C H Tang - Director


Barnet Sushi Ltd (Registered number: 11917212)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Barnet Sushi 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Barnet Sushi Ltd (Registered number: 11917212)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 5,622 1,289 6,911
Additions 702 - 702
At 30 April 2024 6,324 1,289 7,613
DEPRECIATION
At 1 May 2023 3,293 1,083 4,376
Charge for year 571 181 752
At 30 April 2024 3,864 1,264 5,128
NET BOOK VALUE
At 30 April 2024 2,460 25 2,485
At 30 April 2023 2,329 206 2,535

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 5,300 5,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 20,688 19,424
VAT 369 649
Prepayments and accrued income 1,209 1,964
22,266 22,037

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 16,748 29,887
Trade creditors 7,518 11,168
Tax 8,887 8,505
Social security and other taxes 114 597
Accrued expenses 208 252
33,475 50,409

Barnet Sushi Ltd (Registered number: 11917212)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 6,428
Profit for the year 37,751
Dividends (28,142 )
At 30 April 2024 16,037