Registered number
10595234
T Restaurant Limited
Filleted Accounts
31 January 2024
T Restaurant Limited
Registered number: 10595234
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 185,858 173,660
Current assets
Stocks 7,455 15,000
Debtors 4 51,009 74,748
Business Savings 303,106 87,076
Cash at bank and in hand 85,899 22,171
447,469 198,995
Creditors: amounts falling due within one year 5 (269,863) (154,126)
Net current assets 177,606 44,869
Net assets 363,464 218,529
Capital and reserves
Called up share capital 80,100 80,100
Profit and loss account 283,364 138,429
Shareholders' funds 363,464 218,529
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.
Mr Erdogan Garip
Director
Approved by the board on 31 October 2024
T Restaurant Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
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.
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
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 234,383 35,577 269,960
Additions 51,249 - 51,249
At 31 January 2024 285,632 35,577 321,209
Depreciation
At 1 February 2023 83,205 13,095 96,300
Charge for the year 34,555 4,496 39,051
At 31 January 2024 117,760 17,591 135,351
Net book value
At 31 January 2024 167,872 17,986 185,858
At 31 January 2023 151,178 22,482 173,660
4 Debtors 2024 2023
£ £
Sara Filipa De Sousa - 1,000
Salman Cengiz - 1,200
Muhammed Ali Eris - 1,000
Ibrahim Akturk - 554
Seasalt Fish Ltd (Loan) 44,700 44,700
Garage 32 Vanbrugh Park deposit - Morden College 585 585
Andrews Cafe Loan 5,724 17,723
Other debtors - 7,986
5 Creditors: amounts falling due within one year 2024 2023
£ £
Freitas Azevedo Joao Tomas 1,127 -
Filiz Cengiz Wages 1,080 -
Deniz Devran 1,080 -
Clayton S A Vaz 1,072 -
Ayse Durmaz 903 -
Atilla Ozdag Wages 1,073 -
Anil Kundula 903 -
Bounce Back Loan 22,492 33,140
Trade creditors 40,547 2,014
Taxation and social security costs 92,029 103,329
Other creditors 107,557 15,643
269,863 154,126
6 Other information
T Restaurant Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Anchor Iron Wharf
London
SE10 9GL
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