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Registered number: 11699539
FATTOUSH LOUNGE METRO LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2023
Newcastle Accountancy
Chartered Management Accountants And Tax Advisers
32 Grainger Park Road
Newcastle Upon Tyne
NE4 8SA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11699539
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,818 52,311
39,818 52,311
CURRENT ASSETS
Stocks 5 5,000 4,050
Debtors 6 750 -
Cash at bank and in hand 159,391 108,753
165,141 112,803
Creditors: Amounts Falling Due Within One Year 7 (256,840 ) (217,132 )
NET CURRENT ASSETS (LIABILITIES) (91,699 ) (104,329 )
TOTAL ASSETS LESS CURRENT LIABILITIES (51,881 ) (52,018 )
NET LIABILITIES (51,881 ) (52,018 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (51,981 ) (52,118 )
SHAREHOLDERS' FUNDS (51,881) (52,018)
Page 1
Page 2
For the year ending 30 November 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ahmed KURKMAS
Director
12/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FATTOUSH LOUNGE METRO LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11699539 . The registered office is Unit 1.128 Intu Metrocentre, Gateshead, NE11 9YG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on Original Cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2022: 27)
21 27
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 130,779
Additions 8,224
As at 30 November 2023 139,003
Depreciation
As at 1 December 2022 78,468
Provided during the period 20,717
As at 30 November 2023 99,185
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2023 39,818
As at 1 December 2022 52,311
5. Stocks
2023 2022
£ £
Finished goods 5,000 4,050
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 750 -
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 36,601 42,094
Corporation tax 6,298 6,298
Other taxes and social security 4,667 5,903
VAT 21,057 21,157
Net wages 2,774 -
Other creditors - 365 BUSINESS FINANCE SUB LIMITED 40,596 -
Accruals and deferred income 5,234 1,782
Directors' loan accounts 139,613 139,898
256,840 217,132
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4