Company Registration No. 13229317 (England and Wales)
Gursel Restaurant Ltd
Unaudited accounts
for the period from 28 February 2023 to 27 February 2024
Gursel Restaurant Ltd
Unaudited accounts
Contents
Gursel Restaurant Ltd
Company Information
for the period from 28 February 2023 to 27 February 2024
Company Number
13229317 (England and Wales)
Registered Office
185 Amersham Road
High Wycombe
HP13 5AE
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Gursel Restaurant Ltd
Statement of financial position
as at 27 February 2024
Tangible assets
31,919
38,925
Cash at bank and in hand
(16,453)
(13,173)
Creditors: amounts falling due within one year
(17,549)
(30,826)
Net current liabilities
(32,649)
(41,949)
Net liabilities
(730)
(3,024)
Called up share capital
100
100
Profit and loss account
(830)
(3,124)
Shareholders' funds
(730)
(3,024)
For the period ending 27 February 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 November 2024 and were signed on its behalf by
Mr H Olgar
Director
Company Registration No. 13229317
Gursel Restaurant Ltd
Notes to the Accounts
for the period from 28 February 2023 to 27 February 2024
Gursel Restaurant Ltd is a private company, limited by shares, registered in England and Wales, registration number 13229317. The registered office is 185 Amersham Road, High Wycombe, HP13 5AE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% - reducing line method
Fixtures & fittings
18% - reducing line method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Gursel Restaurant Ltd
Notes to the Accounts
for the period from 28 February 2023 to 27 February 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 28 February 2023
4,800
45,300
50,100
At 27 February 2024
4,800
45,300
50,100
At 28 February 2023
1,071
10,104
11,175
Charge for the period
671
6,335
7,006
At 27 February 2024
1,742
16,439
18,181
At 27 February 2024
3,058
28,861
31,919
At 27 February 2023
3,729
35,196
38,925
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
95
-
Loans from directors
2,254
28,200
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Transactions with related parties
Included within other creditors is an amount of £2,254 (2023;£28,200) due to its director. There are no terms as to interest or repayment in respect of this balance.
8
Average number of employees
During the period the average number of employees was 3 (2023: 2).