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COMPANY REGISTRATION NUMBER: 08580515
BAYLEAF RESTAURANT LTD
Filleted Unaudited Financial Statements
31 March 2024
BAYLEAF RESTAURANT LTD
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
76,299
85,163
Current assets
Stocks
3,000
3,000
Debtors
6
111,200
121,222
Cash at bank and in hand
18,144
28,457
---------
---------
132,344
152,679
Creditors: amounts falling due within one year
7
38,297
53,588
---------
---------
Net current assets
94,047
99,091
---------
---------
Total assets less current liabilities
170,346
184,254
Creditors: amounts falling due after more than one year
8
13,784
23,663
Provisions
Taxation including deferred tax
4,754
4,754
---------
---------
Net assets
151,808
155,837
---------
---------
BAYLEAF RESTAURANT LTD
Statement of Financial Position (continued)
31 March 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
151,708
155,737
---------
---------
Shareholders funds
151,808
155,837
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 November 2024 , and are signed on behalf of the board by:
Mr T Miah
Director
Company registration number: 08580515
BAYLEAF RESTAURANT LTD
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 154 Oakleigh Road North, London, N20 0UG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
6% straight line
Fixtures and fittings
-
20% reducing balance
Improvements
-
6% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 11 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Building Improvement
Total
£
£
£
£
Cost
At 1 April 2023
47,368
76,154
103,000
226,522
Additions
7,706
7,706
--------
--------
---------
---------
At 31 March 2024
47,368
83,860
103,000
234,228
--------
--------
---------
---------
Depreciation
At 1 April 2023
32,131
51,134
58,094
141,359
Charge for the year
3,158
6,545
6,867
16,570
--------
--------
---------
---------
At 31 March 2024
35,289
57,679
64,961
157,929
--------
--------
---------
---------
Carrying amount
At 31 March 2024
12,079
26,181
38,039
76,299
--------
--------
---------
---------
At 31 March 2023
15,237
25,020
44,906
85,163
--------
--------
---------
---------
6. Debtors
2024
2023
£
£
Other debtors
111,200
121,222
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
3,984
2,439
Corporation tax
2,604
19,137
Social security and other taxes
19,377
20,264
Other creditors
2,332
1,748
--------
--------
38,297
53,588
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,784
23,663
--------
--------