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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
Page
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Gursel Restaurant Ltd Company Information for the period from 28 February 2023 to 27 February 2024
Director
Mr H Olgar
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
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Gursel Restaurant Ltd Statement of financial position as at 27 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,919 
38,925 
Current assets
Inventories
1,353 
2,050 
Cash at bank and in hand
(16,453)
(13,173)
(15,100)
(11,123)
Creditors: amounts falling due within one year
(17,549)
(30,826)
Net current liabilities
(32,649)
(41,949)
Net liabilities
(730)
(3,024)
Capital and reserves
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
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Gursel Restaurant Ltd Notes to the Accounts for the period from 28 February 2023 to 27 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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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 
Depreciation
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 
Net book value
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 
£ 
£ 
VAT
9,481 
(59)
Trade creditors
4,599 
- 
Taxes and social security
95 
- 
Other creditors
- 
1,005 
Loans from directors
2,254 
28,200 
Accruals
1,120 
1,680 
17,549 
30,826 
6
Share capital
2024 
2023 
£ 
£ 
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).
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