Registered number
14638466
Village Grill Derby Limited
Filleted Accounts
29 February 2024
Village Grill Derby Limited
Registered number: 14638466
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Stocks 3,526 -
Cash at bank and in hand 254 -
3,780 -
Net current assets 3,780 -
Total assets less current liabilities 3,780 -
Creditors: amounts falling due after more than one year 3 (21,744) -
Net liabilities (17,964) -
Capital and reserves
Share premium 100 -
Profit and loss account (18,064) -
Shareholders' funds (17,964) -
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.
Afsar Adam Rahim
Director
Approved by the board on 23 October 2024
Village Grill Derby Limited
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans 20,167 -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 577 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors 1,000 -
21,744 -
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