The Sushi CO Ltd Filleted Accounts Cover
The Sushi CO Ltd
Company No. 13681780
Information for Filing with The Registrar
31 October 2023
The Sushi CO Ltd Balance Sheet Registrar
at
31 October 2023
Company No.
13681780
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
45,70548,956
Tangible assets
5
936,457608,326
982,162657,282
Current assets
Stocks
41,98241,272
Debtors
76,59857,534
Cash at bank and in hand
9,8454,381
128,425103,187
Creditors: Amount falling due within one year
(1,453,591)
(1,108,078)
Net current liabilities
(1,325,166)
(1,004,891)
Total assets less current liabilities
(343,004)
(347,609)
Net liabilities
(343,004)
(347,609)
Capital and reserves
Called up share capital
100100
Profit and loss account
7
(343,104)
(347,709)
Total equity
(343,004)
(347,609)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 October 2023 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 October 2024 and signed on its behalf by:
V.R. Sama
Director
31 October 2024
The Sushi CO Ltd Notes to the Accounts Registrar
for the year ended 31 October 2023
1
General information
The Sushi CO Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13681780
Its registered office is:
4 Whitchurch Parade
Whitchurch Lane
Edgware
HA8 6LR
The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss account and balance sheet to be prepared.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
20% Straight line
Furniture, fittings and equipment
10% Straight line
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
4538
4
Intangible fixed assets
Total
£
Cost
At 1 November 2022
50,417
Additions
1,740
At 31 October 2023
52,157
Amortisation and impairment
At 1 November 2022
1,461
Charge for the year
4,991
At 31 October 2023
6,452
Net book values
At 31 October 2023
45,705
At 31 October 2022
48,956
5
Tangible fixed assets
Total
£
Cost or revaluation
At 1 November 2022
621,846
Additions
378,270
At 31 October 2023
1,000,116
Depreciation
At 1 November 2022
13,520
Charge for the year
50,139
At 31 October 2023
63,659
Net book values
At 31 October 2023
936,457
At 31 October 2022
608,326
6
Share Capital
100 ordinary share of £1 each
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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