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REGISTERED NUMBER: 04139202 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TAJ RESTAURANTS LTD

TAJ RESTAURANTS LTD (REGISTERED NUMBER: 04139202)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Balance sheet 1

Notes to the financial statements 3


TAJ RESTAURANTS LTD (REGISTERED NUMBER: 04139202)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 61,140 69,342
61,140 69,342

Current assets
Stocks 10,000 10,000
Debtors 6 100,009 57,785
Cash at bank and in hand 54,871 48,688
164,880 116,473
Creditors
Amounts falling due within one year 7 177,833 149,956
Net current liabilities (12,953 ) (33,483 )
Total assets less current liabilities 48,187 35,859

Creditors
Amounts falling due after more than one year 8 (14,046 ) (24,258 )

Provisions for liabilities 10 (9,932 ) (11,311 )
Net assets 24,209 290

Capital and reserves
Called up share capital 11 150 150
Retained earnings 24,059 140
Shareholders' funds 24,209 290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

TAJ RESTAURANTS LTD (REGISTERED NUMBER: 04139202)

BALANCE SHEET - continued
31 JANUARY 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mr M Islam - Director


TAJ RESTAURANTS LTD (REGISTERED NUMBER: 04139202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. Statutory information

Taj Restaurants Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04139202. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and the business address is 50 Egdon Drive, Merley, Wimborne, Dorset, BH21 1TX.

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 represents all takings from the running of restaurants during the year, net of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 that have been enacted or substantively enacted by the balance sheet date.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

TAJ RESTAURANTS LTD (REGISTERED NUMBER: 04139202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. Employees and directors

The average number of employees during the year was 16 (2023 - 18 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 February 2023
and 31 January 2024 90,000
Amortisation
At 1 February 2023
and 31 January 2024 90,000
Net book value
At 31 January 2024 -
At 31 January 2023 -

5. Tangible fixed assets
Improvements Fixtures
to and
property fittings Totals
£    £    £   
Cost
At 1 February 2023 127,885 98,921 226,806
Additions 894 473 1,367
At 31 January 2024 128,779 99,394 228,173
Depreciation
At 1 February 2023 65,094 92,370 157,464
Charge for year 7,813 1,756 9,569
At 31 January 2024 72,907 94,126 167,033
Net book value
At 31 January 2024 55,872 5,268 61,140
At 31 January 2023 62,791 6,551 69,342

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 2,250 2,250
Directors' current accounts 96,738 55,535
Prepayments 1,021 -
100,009 57,785

TAJ RESTAURANTS LTD (REGISTERED NUMBER: 04139202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 34,125 30,330
Trade creditors 29,975 20,463
Tax 63,434 39,947
PAYE 327 1,422
Pension contributions 493 554
VAT 37,292 36,150
Accruals and deferred income 12,187 21,090
177,833 149,956

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,335 10,121
Bank loans - 2-5 years 3,711 14,137
14,046 24,258

9. Secured debts

Bank overdrafts are secured by way of a fixed or floating charges in favour of Lloyds Bank PLC dated 15 November 2012.

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 9,932 11,311

Deferred
tax
£   
Balance at 1 February 2023 11,311
Credit to Income statement during year (1,379 )
Balance at 31 January 2024 9,932

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
150 150

TAJ RESTAURANTS LTD (REGISTERED NUMBER: 04139202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr M Islam and Mrs H Begum
Balance outstanding at start of year 18,511 19,396
Amounts advanced 32,246 18,511
Amounts repaid (18,511 ) (19,396 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,246 18,511

Mr N Islam
Balance outstanding at start of year 18,512 19,397
Amounts advanced 32,246 18,512
Amounts repaid (18,512 ) (19,397 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,246 18,512

Mr S Islam and Mrs N Nahar
Balance outstanding at start of year 18,512 19,397
Amounts advanced 32,246 18,512
Amounts repaid (18,512 ) (19,397 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,246 18,512

The balances carried forward at the end of the year were repaid within nine months of the year-end.

Mr M Islam and Mr S Islam share their balances jointly with their co-directors Mrs H Begum and Mrs N Nahar respectively.

13. Ultimate controlling party

The company is controlled by the directors by virtue of their 83% ownership of the issued share capital.