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Registered Number: 04716909
England and Wales

 

 

 

SHEESH MAHAL RESTAURANT LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 107,594    125,526 
Tangible fixed assets 4 43,444    47,371 
151,038    172,897 
Current assets      
Stocks 5 3,986    3,986 
Debtors 6 3,860    3,664 
Cash at bank and in hand 251,081    206,612 
258,927    214,262 
Creditors: amount falling due within one year 7 (161,677)   (183,899)
Net current assets 97,250    30,363 
 
Total assets less current liabilities 248,288    203,260 
Provisions for liabilities 8 (423)  
Net assets 247,865    203,260 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 247,765    203,160 
Shareholders' funds 247,865    203,260 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 06 November 2024 and were signed by:


-------------------------------
MA Chaudhry
Director
1
General Information
Sheesh Mahal Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 04716909, registration address 348 Kirkstall Road, Kirkstall, Leeds, West Yorkshire, LS4 2DS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.    
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 10 (2023 : 10).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 June 2023 179,323    179,323 
Additions  
Disposals  
At 31 May 2024 179,323    179,323 
Amortisation
At 01 June 2023 53,797    53,797 
Charge for year 17,932    17,932 
On disposals  
At 31 May 2024 71,729    71,729 
Net book values
At 31 May 2024 107,594    107,594 
At 31 May 2023 125,526    125,526 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 June 2023 17,174    133,911    151,085 
Additions    
Disposals    
At 31 May 2024 17,174    133,911    151,085 
Depreciation
At 01 June 2023   101,073    101,073 
Charge for year   6,568    6,568 
On disposals    
At 31 May 2024   107,641    107,641 
Net book values
Closing balance as at 31 May 2024 17,174    26,270    43,444 
Opening balance as at 01 June 2023 17,174    30,197    47,371 


5.

Stocks

2024
£
  2023
£
Stocks 3,986    3,986 
3,986    3,986 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 3,860    3,664 
3,860    3,664 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 48,145    47,682 
Taxation and Social Security 38,458    41,212 
Other Creditors 75,074    95,005 
161,677    183,899 

8.

Provisions for liabilities

2024
£
  2023
£
Pension Provisions 423   
423   

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

10.

Directors' Loan Account

Particulars   B/forward
£
  Advances
£
  Credits
£
  C/forward
£
Mr A Chaudhry (87,874) 33,029  (10,424) (65,269)

11.

Controlling Party

The company was under the control of its director throughout this and the previous year.
2