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REGISTERED NUMBER: 09039095















Financial Statements for the Year Ended 26th February 2024

for

BELLYWORTHY WOK LIMITED

BELLYWORTHY WOK LIMITED (REGISTERED NUMBER: 09039095)






Contents of the Financial Statements
FOR THE YEAR ENDED 26TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BELLYWORTHY WOK LIMITED

Company Information
FOR THE YEAR ENDED 26TH FEBRUARY 2024







DIRECTOR: Mr Harvinderpal Singh Bamra





REGISTERED OFFICE: Office Lg06,
Quality Court,
Chancery Lane
London
WC2A1HR





REGISTERED NUMBER: 09039095





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

BELLYWORTHY WOK LIMITED (REGISTERED NUMBER: 09039095)

Balance Sheet
26TH FEBRUARY 2024

26/2/24 26/2/23
Notes £    £   
CURRENT ASSETS
Debtors 4 38,568 43,243
Cash at bank and in hand 4,036 3,844
42,604 47,087
CREDITORS
Amounts falling due within one year 5 (26,265 ) (26,290 )
NET CURRENT ASSETS 16,339 20,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,339

20,797

CREDITORS
Amounts falling due after more than one
year

6

(19,031

)

(20,062

)
NET (LIABILITIES)/ASSETS (2,692 ) 735

CAPITAL AND RESERVES
Called up share capital 34,651 34,651
Retained earnings (37,343 ) (33,916 )
SHAREHOLDERS' FUNDS (2,692 ) 735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 26th November 2024 and were signed by:



Mr Harvinderpal Singh Bamra - Director


BELLYWORTHY WOK LIMITED (REGISTERED NUMBER: 09039095)

Notes to the Financial Statements
FOR THE YEAR ENDED 26TH FEBRUARY 2024

1. STATUTORY INFORMATION

Bellyworthy Wok Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

BELLYWORTHY WOK LIMITED (REGISTERED NUMBER: 09039095)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 26TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26/2/24 26/2/23
£    £   
Trade debtors 3,175 6,275
Amounts owed by group undertakings 20,475 22,050
Other debtors 14,918 14,918
38,568 43,243

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26/2/24 26/2/23
£    £   
Trade creditors 1,750 1,750
Amounts owed to group undertakings 20,000 20,000
Other creditors 4,515 4,540
26,265 26,290

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
26/2/24 26/2/23
£    £   
Other creditors 19,031 20,062

7. ULTIMATE CONTROLLING PARTY

Mr Harvinderpal Singh Bamra is the ultimate controlling party.